An autonomous research institute under the Ministry of Finance

 

Municipal Finance Matters: India Municipal Finance Report

Publication date

Aug, 2011

Details

Report submitted to the Asian Development Bank

Authors

O. P. Mathur, Debdulal Thakur, A.K. Halen,Samik Chowdhury, Seema Mehrotra, Rita Rakshit, Chandana Sarkar

Abstract

The key question that the study addressed was “Is the existing municipal finances system adequate for meeting the contemporary challenges of urbanisation, decentralisation, and globalisation?” Analysing a range of data on the finances of municipalities, the study concludes that the existing municipal finance system was inadequate in addressing these challenges. In view of the fact that a number of initiatives for reforming and strengthening the municipal finance system have now been put in place under the JnNURM, the study builds and reinforces them with a set of additional reform initiatives.

 

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