Application and Impact of Canons of Public expenditure in India: An Analysis of Budget 2023-2024

The fundamentals that maximise the growth opportunities, advocate and aggravate profits while incurring expenditures made by the government fulfilling overall needs and demands of the country are called canons . Canon of Elasticity, Canon of Economy, Canon of Sanction, Canon of Equitable distribution, Canon of Benefit, Canon of Productivity, Canon of Surplus, Canon of Certainty, Canon of Coordination, Canon of Neutrality are namely some of the various canons of public expenditure which we would we discussing in our research paper which provide for the welfare of the country. These principles escalate the economic growth of a country and promotes job opportunities. It plays a vital role in poverty eradication and equal distribution of income among citizens of India . The Objective of this article is to emphasise on how these canons for public expenditure are applied and what assertive and adverse effects it has on the economical viewpoint of India. The article also analyses the financial budget of India for the year 2023-2024 in detail. The paper deals with the application and impact of use of canons of public expenditure in the budget 2023-24 and in what way it is benefitting the people of India.