Journal Press India^®

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Control over the expenditure is the most essential objective of any budget. The efficiency of controlling in expenditure can be examined by comparing the budgeted and actual expenditure after the actuals are realised. The main aim of this study is to find out the efficiency of Indian Budget. The study makes a comparative analysis of budgeted and actual expenditure of India. To conduct this study revenue and capital developmental and non-developmental expenditure has been taken into consideration. The data has been taken from the website of RBI, Ministry of Finance of India for the period from 2005-06 to 2015-16. The data has been analysed by using many statistical tool such as mean, standard deviation and independent t-test. The statistical result shows that there is no significant difference between budgeted and actual expenditure of India.

Keywords

Budgeted expenditure; Actual expenditure; Developmental expenditure; Non- developmental expenditure; Revenue and capital expenditure

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