13. Parliamentary scrutiny over public finance is an important aspect of governmental accountability. In this context, discuss the role, importance and challenges in establishing a Parliamentary Budget Office (PBO) for effective oversight of budgetary process.

Approach:

♤ Briefly discuss the role of parliament in scrutiny over public finance and its effectiveness.

♤ Mention the role and significance of a Parliamentary Budget Office (PBO) in effective oversight of budgetary process.

♤ Discuss the challenges to be faced in establishing a PBO.