An autonomous research institute under the Ministry of Finance


India: Local Finance Data System

Publication date

Jan, 2002


Report submitted to the Ministry of Finance.


Om Prakash Mathur


Undertaken at the instance of the Ministry of Finance (Government of India), the study has reviewed the system of classification of budget and accounts of municipal governments, and made recommendations on a new system of classification for maintaining municipal accounts. The proposed system is in conformity with similar systems existing at other governmental levels, and is able to highlight the financial position of local governments. The study was guided by three main considerations: • the existing system which came into being in the early years of the 20th century had outlined its relevance and utility; • it lacked standardisation with the result that it was not able to provide a comparable assessment of the finances of municipal governments; • there existed no system in the country for regular collection and maintenance of local finance data.

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