Mentor’s comment The question is analytical in nature. In the intro, state the changes that were made in the economy i.e. change in the government’s role from driving force of the growth to the facilitator of the growth. In the body, elaborate the three pillars of Public Expenditure Management – Aggregate fiscal discipline (Fiscal deficit, … Continue reading The public expenditure management is a challenge to the government of India in the context of budget-making during the post-liberalization period. Clarify it. (15 Marks)