The correct answer is: d) All of the above.
Sikkim’s budget formulation process is a complex and multi-stakeholder process. A wide range of stakeholders are consulted during the process, including civil society organizations, business leaders, economists and policy experts.
Civil society organizations play an important role in the budget formulation process. They can provide valuable input on the needs of the people and on how the budget can be used to address those needs. Business leaders can provide input on the economic situation and on how the budget can be used to support economic growth. Economists and policy experts can provide technical advice on the budget process and on how to make the budget more effective.
By consulting with a wide range of stakeholders, Sikkim can ensure that its budget is responsive to the needs of the people and that it is used in a way that supports economic growth.
Here are some additional details about each of the stakeholders mentioned in the question:
- Civil society organizations (CSOs) are non-governmental organizations that are independent of the government. CSOs can be involved in a wide range of activities, including advocacy, service delivery, and research. CSOs can play an important role in the budget formulation process by providing input on the needs of the people and on how the budget can be used to address those needs.
- Business leaders are people who are responsible for the management of businesses. Business leaders can provide input on the economic situation and on how the budget can be used to support economic growth. Business leaders can also provide information on the needs of businesses and on how the budget can be used to support businesses.
- Economists are people who study the economy. Economists can provide technical advice on the budget process and on how to make the budget more effective. Economists can also provide information on the economic situation and on how the budget can be used to address economic challenges.
- Policy experts are people who study public policy. Policy experts can provide technical advice on the budget process and on how to make the budget more effective. Policy experts can also provide information on the needs of the people and on how the budget can be used to address those needs.