Which of the following reforms is a first time inclusion in the budget 2017 18 ........

Economic Affairs Public Finance and Debt Management

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Which of the following reforms is a first time inclusion in the budget 2017-18?

Presentation of Budget on 1st feburary.

Merger of Railway Budget with General Budget.

Removal of planned and non-planned expenditure.

All of the above.

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Explanation:

Budget 2017-18 contains 3 major reforms. First, presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. Second, merger of Railways Budget with General Budget to bring Railways to the centre stage of Government’s Fiscal Policy and Third, removal of plan and non plan classification of expenditure to facilitate a holistic view of allocations for sectors and ministries.