A Review of Central Government Expenditure

In view of the financial burden faced by the government in terms of huge fiscal budgetary and revenue deficits, the changes in the magnitude of public expenditure are deliberately brought about along with certain reforms on resource front also. Deficits had touched very high level in terms of percentage to the Cross Domestic Product during 1990-91 which later resulted in efforts to reduce the fiscal deficit to 6.5 per cent and 5 per cent during 1991-92 and 1992-93 respectively.