New Delhi: The government has appointed former Reserve Bank of India (RBI) governor Bimal Jalan as head of the Expenditure Management Commission, which will look into various aspects of expenditure reforms to be undertaken by the government.

The commission has been asked to submit its interim report before the 2015-16 budget and its final report before the 2016-17 budget.

The commission will have Sumit Bose, former finance secretary, and Subir Gokarn, former deputy governor of RBI, as members, the finance ministry said in a statement.

The additional secretary in the department of expenditure will be an ex-officio member, and an officer with experience in finance or expenditure will be appointed as member-secretary.

The terms of reference of the commission will be notified separately, the ministry said.

In his maiden budget speech on 10 July, finance minister Arun Jaitley had proposed to set up this commission.

“My government is committed to the principle of minimum government, maximum governance," he had said. “To achieve this goal, time has come to review the allocative and operational efficiencies of government expenditure to achieve maximum output."

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