The Ministry of Finance has issued an Economic and Functional Classification of the Central Government Budget 2013-14 here today. Since 1957-58, the Economic Division of the Ministry of Finance has been preparing an economic classification of the Central Government budgetary transactions to make the budget a more useful tool of economic analysis. This publication reclassifies budgetary outlays of the Central Government in terms of national income aggregates (consumption, investment and transfer payments) as well as functions of Government in terms of general, economic and social services.

A copy of the aforesaid report is attached here with for ready reference. Click here  

 

 

Economic classification of central budget reclassifies outlays by national income aggregates and government functions for analysis. The Ministry of Finance issued an economic classification of the Central Government budget for 2013-14 that reclassifies budgetary outlays into national income aggregates-consumption, investment and transfer payments-and groups outlays by function into general, economic and social services to facilitate economic analysis.