3.2. Weaknesses in the Indian Budgetary System and Implementation

♤ Unrealistic budget estimates

♤ Delay in implementation of projects

♤ Skewed expenditure pattern with a major portion getting spent in the last quarter of the financial year, especially in the last month.

♤ Inadequate adherence to the multi-year perspective and missing ‘line of sight’ between

plan and budget

♤ No correlation between expenditure and actual implementation

♤ Ad hoc project announcements

♤ Emphasis on compliance with procedures rather than on outcomes.