Government Budget — Mains Questions

Analyze the evolution of India's budget process from the planning era to the present market-oriented approach. How has this transformation affected fiscal federalism and resource allocation priorities?

Examine the role of fiscal deficit as an indicator of government financial health. Discuss the challenges in maintaining fiscal discipline while ensuring adequate public investment for economic growth.

Evaluate the significance of performance budgeting and outcome budgeting in improving government expenditure efficiency. What are the implementation challenges and how can they be addressed?