New Delhi, March 6, 2017
All government schemes should have a sunset clause and must be coterminus with the tenure of the Finance Commission, which is constituted every five years, the Finance Ministry said today.
In a communication to various departments and ministries, it said the Five-Year Plan era ends with the 12th Plan this month and hence all the schemes should also revisited to improve the quality of government expenditure.
Every scheme should have a sunset date and an outcome review, it said, adding that “for aligning the schemes with financial resources cycle of centre and and state governments, these will be coterminus with the Finance Commission cycles, the first such be the remaining 14th Finance Commission period ending March 2020”.
All ministries and departments, it said, should submit their schemes for appraisal by the Finance Ministry by this month-end so that they can continue beyond the 12th Plan period “in a smooth, rationalised and effective manner”.
[The Hindu Business Line]