Trends of public expenditutre and it's plan period

Public Expenditures are expenditures incurred by central, state and local governments of a nation for the maintenance of the government, internal and external security and for the promotion of socio-economic welfare of the citizens. The government expenditures mainly consist of expenditures on general, social and economic services. Every year, the government prepares estimates of expenditures, and then puts it for a parliamentary approval (Article 112 – Indian Constitution) in the form of the budget document. Each five year plan has a set of goals, targets and objectives. They show where a country wants to reach and what it wants to achieve within a given time frame. To realize these goals and targets, basic national policies are formulated and strategies devised taking into account past experiences in the execution of earlier plans. However, change being the essence of human progress, these blueprints for development need to be adaptable to take care of changing situations and emerging exigencies and the resultant need to re-order priorities. The much needed flexibility in the implementation of five year plans is, therefore, provided for through the mechanism of annual plans which are prepared each year within the broad framework of the five year plans incorporating such directional changes as are warranted for each year.