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Our Bureau

New Delhi , July 23

AS part of its broad strategy for expenditure reforms, the Kelkar Taskforce on Fiscal Responsibility and Budgetary Management has underscored the need for greater focus on public goods outcomes as against the traditional focus on expenditure.

It has also said that the Plan versus non-Plan or the capital versus revenue classifications should be re-examined as a greater portion of expenditure needs to be devoted to legitimate public goods as opposed to transfers and subsidies.

The strategy further states that resources used for the production of local public goods, such as water, sanitation and primary education, must be transferred to the Panchayati Raj institutions, which have better incentives to spend effectively and better knowledge about local preferences, problems and alternative production technologies.

The focus should be on public goods outcomes rather than expenditure, which has traditionally been the case.

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