21 September, 2019
3 Min Read
GS-II: An independent fiscal watchdog for Parliament.
When most people arrive at the ballot box, they vote with their gut. But getting there requires absorbing and shaping months and years of conservation, long held opinions and ideally hard facts and evidence.
What is Parliamentary Budget Office?
What is the need for such office?
Multiple indicators suggest that executive-led budgetary governance has not been successful in India.
The Indian Parliament is a Budget-approving body contributing to budgetary matters in the following notable ways:
What are the functioning roles of PBO?
The majority of PBOs have four core functions:
Analysing the executive’s Budget proposal.
3 . Providing medium- to long-term analysis.
Source: THE HINDU
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