Newdelhi:4/4/19:The 15th Finance Commission today held a high level roundtable on ‘Fiscal Relations across levels of government’. It was moderated by Shri N. K. Singh, Chairman of the Commission. The roundtable is being organised in partnership with the World Bank, OECD and ADB. This is the culmination of significant works that all the three organizations have undertaken for the FC.
Addressing the gathering the Chairman set the tone of the discussions by briefly elaborating on the four technical sessions of the meeting:
o Sub-national debt
o Transfer design incentives and fiscal equalization.
o Sub-national budget and Public financial management system, and
o Finances of third-tier of Government.
Earlier, the Commission had held separate workshops with the OECD in April, 2018 and the World Bank in July, 2018 to discuss the initial thoughts and country experiences on the issues related to fiscal federalism and inter-governmental transfers. Today’s roundtable is a concluding session of the work being done by the World Bank, OECD and ADB for the Commission. The discussions were about the findings coming out of the research work and analysis done by their teams.