With reference to key initiatives taken by the Department of Expenditure Ministry of Finance in the ...........

Economic Affairs Others

With reference to key initiatives taken by the Department of Expenditure, Ministry of Finance, in the last few years, consider the following.

All schemes and projects have now an Outcome Framework.
Each Scheme will now have a start and a sun-set date co-terminus with the Finance Commission Cycle.
Number of both central Sector and Centrally Sponsored Schemes were increased for improved coordination between implementing agencies.

Select the correct answer using the codes below.

1 only

1 and 2 only

2 and 3 only

3 only

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Explanation:

Statement 1 and 2: An outcome framework focuses on the impact of the scheme, rather than only the outlay (finances) of the scheme. Schemes and projects have now an Outcome Framework, which has been formulated through consultation with the implementing Ministries/ Departments, NITI Aayog and the Department of Expenditure. A consolidated Outcome Budget 2017-18 was presented in the Parliament as a part of the Budget Documents. Third party Evaluation has also been formally built into the appraisal and approval framework to ensure periodic feedback, a more concerted focus on outcomes and enhanced growth performance

Statement 3: Both Central Sector and Centrally Sponsored Schemes were rationalized (reduced and consolidated significantly in number) in consultation with the line Ministries.