Indian Army Considering New Budget Management Plan

New Delhi: In a move to dencentralise the control of certain heads and financially empower its commands to enable to take decision, the Army is considering a new budget management plan.

The plan called Command Budget Management Model, is expected to be implemented by financial year 2020-21, said sources.

ads

“Once implemented, all the command headquarters would be empowered to plan their budget estimates, allocations and expenditures as per their respective priorities,” sources said.

“It will incentivise savings and optimise the revenue expenditure,” the sources said.

The model was recently tested in the central command, and now, a second phase of modalities is being worked out for its full implementation with the model being discussed at the last Army Commanders’ Conference in October.

As of now, the Vice-Chief of Army Staff (VCOAS) and the commanders have certain additional financial powers.

big bang

“There will be no change in the Army commanders’ financial powers or the powers of the VCOAS. Only formulation of expenditures is delegated to one level low,” the sources said.

A total of 40 budget code heads have been identified, on which command headquarters were to forward budget forecasts and estimates to the Army headquarters by the end of the year. This process is already complete, sources noted.

huges

Based on the forecast and the total budget received from the government, the budget plan for each command headquarters will be chalked out by the Army headquarters. The process will be over by February 2020.

“This is for re-appropriation of financial power to Army commanders. This has been processed by the Army and approval from the defence ministry’s finance department is expected soon,” Army sources said.

It is looking at reconfiguring the coding of the budget, which will facilitate automation and reduce the number of code heads for easier and better management.

“There could be some teething issues, which would be resolved when it comes to effect,” the sources said.

More like this

BAE Systems Appoints Tony Walton as Managing Director for India

New Delhi: Global defence, aerospace and security company, BAE Systems,...

French Army Slows Recruitment Amid Lack of Hardware, Budgetary Constraints

Paris: The French Army has so many applicants that...

Polish-Ukrainian Startup Molfar Defence Developing New Generation of Tactical Radar Systems

Warsaw: Polish-Ukrainian anti-drone radar company Molfar Defence said it...

Dramatic Transformation: Pakistan’s Satellite Programme Surge with Chinese Support, Places India Under Constant Surveillance

New Delhi: Pakistan’s satellite surveillance programme has undergone a...

Andhra Pradesh Clears New Aviation Policy, Sets Sight on Becoming India’s Eastern Gateway

Vijayawada: Andhra Pradesh (AP) has set its sights on...

Indian Army to Procure Indigenous Mortar Specialist Vehicles, Issues RFI

New Delhi: The Indian Army has issued a Request...

ICEYE Leads a New Era of Sovereign Intelligence from Space with €1 Billion Funding Round 

Helsinki, Finland. ICEYE, the world leader in sovereign intelligence...
Indian Navy Special Edition 2025spot_img