2017 · Q62
Which of the following are the reforms introduced in Budget 2017-2018?
- 1Presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year
- 2Merger of Railway Budget with General Budget to bring Railways to the centre stage of Government's Fiscal Policy
- 3Removal of plan and non-plan classification of expenditure to facilitate a holistic view of allocations for Sectors and Ministries
Select the correct answer using the code given below:
current-eventseconomy-business-news
- A1 and 3 only
- B2 and 3 only
- C1, 2 and 3
- D1 and 2 only
Explanation
Budget 2017–18 advanced the presentation of the Union Budget to 1 February, merged the Railway Budget with the General Budget, and removed the Plan versus non-Plan classification of expenditure. The changes ended the 92-year tradition of a separate Railway Budget and were presented as the biggest budget reform in decades. All three statements are correct, giving (C).