Section 5 in Punjab Fiscal Responsibility and Budget Management Rules, 2018
5. Medium Term Expenditure Framework.
- The State Government may issue appropriate directions, as it deems fit, to any or all of its departments for the preparation of Medium Term Expenditure Framework providing for expected expenditure growth over 3-5 years. The framework shall include the measures contemplated by the department to rationalise its expenditure and reduce its expenditure.(2)The concerned department shall, after the approval of its Medium Term Expenditure Framework by the State Government, ensure its implementation in the time period defined in the framework.(3)The concerned department shall, in case of its failure to implement the Medium Term Expenditure Framework in the defined timeline, cause to lay a report before the State Legislature, containing reasons thereof for its failure and plan to achieve the said remaining targets and the time period to achieve it within one year of the completion of time period of the said Medium Term Expenditure Framework. The report shall specifically contain the comments of the State Government and action taken/proposed to be taken by the department, if any, on such comments.(4)The State Government may, if it deems fit, advise any or all of its departments to prioritise gender, weaker sections based budgeting in its Medium Term Expenditure Framework.
