An Economic-cum-Purpose Classification of The Karnataka Government Budget 1989-90

Abstract

From Preface: The Annual Financial Statement or the 'Budget' of the State Government is presented to the State Legislature every year in a conventional pattern. It furnishes detailed information on its receipts and expenditure and other financial transactions by department/organisation for a given financial year and the proceeding two years. This form of presentation may secure accountability/sanction for any act of spending and may also meet the needs of administrative convenience and ensure control by the Legislature. But, it does not bring out the economic significance of the budgetary transactions of the Government.