This book provides an exhaustive and analytical account of budgetary developments in India since Independence in 1947 with focus on post-1991 reforms. The work is organised into 8 parts, each part containing chapters/information dealing with some aspect of budgetary policy in India. Part I explains the economic role of modern governments, particularly in developing countries. It describes various reasons for state intervention in the working of an economic system with special reference to the provision of public goods. Part II of this work explains (a) constitutional provisions and parliamentary procedures and controls applicable to the budgetary exercise of the Government of India, (b) structure of the Central Government budget, (c) functional, economic and cross-classification of the budget and (d) recent budgetary reforms in India including gender budgeting. Part III is devoted to taxes, expenditure, subsidies and debt liabilities of the Central Government.