GUWAHATI, Nov 4 - A National Institute of Public Finance and Policy (NIPFP) team, headed by Dr Rothin Roy, is on a five-day visit to Assam to conduct a comprehensive study on Assam State finances to recommend a 10-year Perspective Plan (2016-2026) along with structural and institutional reforms in public finance.
The team met Chief Minister Tarun Gogoi at his office here today to apprise him of the pre-study consultations it would have with State Government officials of different departments, members of the 5th Assam State Finance Commission, and representatives and officials of all autonomous councils in the next five days.
During the discussion, Chief Minister Gogoi apprised the team of how the State has been strictly adhering to a slew of fiscal discipline and management measures to augment its resources in the backdrop of the Central Government’s steps to restrict the flow of funds.
The NIPFP team will study the trend of revenue generation and suggest measures to augment the resources in the light of the new policy of the Central Government after the advent of the NITI Ayog and post-14th Finance Commission Award. It will study and recommend to the State Government on how to reduce wasteful expenditure and plug loopholes and leakages, and ways and means to raise resources.
The team will study the pattern of expenditure and suggest measures for public expenditure reforms as well as make evaluation and targeting of subsidies by the State. It will also study the impact of State-level public sector enterprises on their finances and measures to be adopted for improving their performances, besides the current status of various decentralization initiatives, including the transfer made to rural, urban local bodies, Sixth Schedule Areas and autonomous councils.
It will further undertake a study on the impact of power sector reforms on State finances and suggest suitable measures for sustained development.
The NIPFP, a body registered under the Ministry of Finance with State Governments on its Board of Directors, has been given a time frame of 18 months for completion of the study.