Expenditure Management Commission to be constituted: FM
Announcing this in his maiden Budget speech in Lok Sabha, Jaitley said that EMC will look into various aspects of expenditure reforms to be undertaken by the Government.
Jaitley said the government is committed to the principle of ‘Minimum Government Maximum Governance’.
The Expenditure Management Commission will give its interim report within this financial year.
The Finance Minister said he proposed to overhaul the subsidy regime, including food and petroleum subsidies, and make it more targeted while providing full protection to the marginalized, poor and SCs/STs.
A new urea policy would also be formulated.
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