Goa Finance Commission

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Goa Finance Commission has been established in the state so that it can bring about the development of the state and also improve the condition of the Panchayats in the state. The Finance Commission in Goa also performs various other functions.

The setting up of Goa Finance Commission:

Goa Finance Commission has been established in the state in 1999.The Finance Commission in Goa has been set up according to the guidelines that have been laid down in the Indian Constitution Article 243I.

According to this article the governor of the state sets up the commission within the period of one year that starts from the seventy- third amendment Act of the Constitution of India, 1992 and after that at the end of every fifth year. The chairman of the first Goa Finance Commission that was set up in 1999 was Dr. V A Pai Panandikar. This commission gave recommendations to the eleventh Finance Commission of the central government with regard to the transfer of financial resources to the various Panchayats in the state

The various objectives of Goa Finance Commission are:
  • To review the economic condition of the various Panchayati raj institutions in the state
  • To make efforts in order to improve the financial condition of the various Panchayati raj institutions in the state
  • To determine the taxes, tolls, fees, and duties that may be levied by the various Panchayati raj institutions in the state
  • To distribute between the various Panchayati raj institutions in the state and the state government the total proceeds of taxes, duties, tolls, and fees that are taken by the state
  • To function as an arbiter between the central government and the state government with regard to issues that are financial
  • To transfer the financial resources that are granted by the central government to the state government
  • To allot funds from the Consolidated Fund of the State to the various Panchayati raj institutions in the state

The various sectors that receive grants from Goa Finance Commission are:
  • Heritage protection
  • Health services
  • Elementary education
  • Fiscal administration
  • Prisons administration
  • District administration
  • Training in computers for school children
  • Public libraries
  • Fire services
  • Infrastructure development
  • Police administration

The grants received by Goa Finance Commission:

Goa Finance Commission received grants from the Twelfth Finance Commission. It received around 0.262% out of the total resources that have been transferred to all the states in India.

The state government must encourage Goa Finance Commission:

The state government of Goa must encourage the Finance Commission in Goa. This will bring in more funds for the state from the central government and will also lead to the improvement of the Panchayati raj institutions in the state. All this will bring about an over all development of the state

For further information on State Finance Commissions, please refer to the following sites