Question

The public expenditure management is a challenge to the Government of India in context of budget making during the post liberalization period. Clarify it.

Answer 1

Approach
Introduction: Introduce the answer with concept of Public expenditure management and why in news.
Body Focus areas - Importance of Public expenditure management in 2-3 points - Why has it become a challenge in post liberalization era Focus on social needs vs Economic needs - Jobless growth / Rising inequalities / Public spending on social infrastructure / Demographic dividend management etc VS Infrastructure , Investment related aspects and Balance Fiscal deficit challenges - FRBM Act Challenges of Inflation Challenges of Globalization etc - What is being done towards effective management in India.
Conclusion: Conclude with the importance and need for balance in India.