PANAJI
The State Cabinet on Wednesday accepted the final report of the Third State Finance Commission, which was submitted to the government in June, last year.
The Third State Finance Commission submitted its first report in January 2024, the major recommendations of which were accepted by the government and cabinet in February 2024.
The final report has laid focus on capacity building and training for local self governing bodies and the representatives, lack of financial discipline among local bodies and revenue deficit. It has proposed measures for revenue recoveries and enhancement apart from utilization of grants.
After almost 12 years, in January 2022, the State government had constituted the Third State Finance Commission under former retired finance secretary IAS Daulat Hawaldar. The term of the Commission ended in September, last year.
The formation of the Third State Finance Commission was pending since 2009-10, after the term of Second State Finance Commission headed by IAS officer late Alban Couto expired in 2010.
