Financial administration, 03 27 Agencies involved in fin
management. Executive. Legislature.
Finance ministry and audit dept
Preparation of budget.
Executive responsibility. .estimate of expenditu emergency e. Drawing and
disbursing officer. Consolidation.Dept
head.
Factual Verification by
cag. ..analysis by ministry of finance. Submission to cabinet. Approval
Contents of expenditure in
budget
..standing charges. Admin
exp
..continuing scheme
..new scheme
Estimates of revenue
Legislature
..presentation to
legislature
..general discussion
..voting for demand for
grants
..consideration and
passing of appropriation bill (sum of voted demands and charged expenditure).
No amendment
..finance bill. Taxations
..control over taxation
.control over public expenditure
Finance ministry
1...department of economic
affairs.
Foreign exchange budget.
Divisions...economic.
Banking. Insurance. Budget. Investment. Admin division
2....Expenditure. Dept
..establishment. Plan
finance. Cost accounts. Defence. Cost
accounts. Sfaff inspection unit.
3....Revenue
..central board of excise and
customs
..central board of direct
taxes
....audit. ..appropriation (traditional. Whether spent
on accordance to appropriation)
..propriety(higher audit. Wisdom. Beyond the formalities). ..regulatory audit(rules and
regulations) ..efficiency
audit(efficiency of the agency)
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