Financing of Panchayati Raj Institutions in World Bank-Financed Operations

The Government of India (GOI) is committed to strengthening Panchayati Raj Institutions (PRI) with a concerted effort to integrate and secure a central role for the village to district-level governments in World Bank-financed operations. The World Bank is actively seeking ways of achieving a greater degree of internal coherence between Bank-financed operations and consistency with the GOI approach to decentralization. With these objectives as backdrop, the report financing of panchayati raj institutions in World Bank-financed operations provides advice to World Bank task teams and clients for designing appropriate fiduciary mechanisms for PRI financing, ones that are consistent with the GOI constitutional framework and comply with World Bank operational policies and procedures. The report uses findings from a mapping exercise of ongoing Bank-financed operations in Panchayati Raj Institutions, analyzing the public financial management and accountability (PFMA) and procurement arrangements to determine what has or has not worked well and whether any can be replicated or mainstreamed. The report also covers the efficiency issues of panchayati raj institutions dealing with multiple financing sources with a resulting heavyload of reporting requirements; the extent to which existing PRI systems are being utilized or could have been utilized, and the views of PRI staff.

Bibliographic Details

Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2008-03-31
Subjects:	ACCESS TO INFORMATION, ACCOUNT, ACCOUNT MAINTENANCE, ACCOUNTABILITY, ACCOUNTABILITY FRAMEWORK, ACCOUNTABILITY MECHANISMS, ACCOUNTABILITY SYSTEM, ACCOUNTABILITY SYSTEMS, ACCOUNTANCY, ACCOUNTANCY FIRMS, ACCOUNTANTS, ACCOUNTING, ACCOUNTING PRACTICES, ACCOUNTING RULES, ACCOUNTING STANDARDS, ACQUISITION, ADMINISTRATIVE COSTS, ADMINISTRATIVE FRAMEWORK, ADMINISTRATIVE FUNCTIONS, ADMINISTRATIVE SUPERVISION, ALLOCATION, ANNUAL FINANCIAL STATEMENTS, ANNUAL PERFORMANCE, ANNUAL PLANS, ANTI-CORRUPTION, ARTICLE, ASSET MANAGEMENT, ASSETS, ATTESTATION, AUDIT FINDINGS, AUDIT OFFICES, AUDIT REPORTS, AUDITED ACCOUNTS, AUDITING, AUDITING STANDARDS, AUDITOR, AUDITOR GENERAL, AUDITORS, AUDITS, BANK ACCOUNTS, BANKS, BENEFICIARIES, BENEFICIARY, BILLS, BLOCK GRANTS, BUDGET EXECUTION, BUDGET PREPARATION, BUDGETARY ALLOCATION, BUDGETING, CAPACITY BUILDING, CAPACITY-BUILDING, CAPITAL BUDGET, CASH BALANCE, CASH BASIS, CASH MANAGEMENT, CENTRAL FUNDS, CENTRAL GOVERNMENT, COMPLAINT, COMPLAINTS, CONSENSUS BUILDING, CONSOLIDATION, CONSUMER, CONTRIBUTIONS, DECENTRALIZATION, DECENTRALIZATION PROCESS, DEPOSIT, DEVOLUTION, DIAGNOSTIC TOOL, DISCRETION, DOUBLE ENTRY BOOKKEEPING, ECONOMIC DEVELOPMENT, EMBEZZLEMENTS, EMPLOYMENT, ENTITLEMENTS, EXPENDITURE CATEGORIES, EXPENDITURE TRACKING, EXTERNAL AUDIT, EXTERNAL AUDITS, FIDUCIARY RISK, FINANCES, FINANCIAL ACCOUNTABILITY, FINANCIAL CONTROL, FINANCIAL DECISIONS, FINANCIAL MANAGEMENT, FINANCIAL MANAGEMENT ARRANGEMENTS, FINANCIAL MANAGEMENT SYSTEMS, FINANCIAL PERFORMANCE, FINANCIAL POSITION, FINANCIAL REPORTING, FINANCIAL REPORTS, FINANCIAL RESOURCES, FINANCIAL STATEMENTS, FINANCING SOURCES, FISCAL CAPACITY, FISCAL DECENTRALIZATION, FISCAL TRANSFERS, FISCAL TRANSPARENCY, FRAUD, FRAUDS, FUND MANAGEMENT, GOOD PRACTICE, GOOD PRACTICES, GOVERNMENT ACCOUNTS, GROWTH RATE, INCOME, INFLATION, INFORMATION TECHNOLOGY, INITIATIVE, INTERNAL AUDIT, INTERNAL CONTROL, INTERNAL CONTROLS, INVENTORY, JUSTICE, LAWS, LEGAL FRAMEWORK, LEGISLATION, LEGISLATIVE SCRUTINY, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LONG-TERM GOAL, LONG-TERM PLANNING, LUMP SUM, MANDATES, MEDIUM-TERM FISCAL PLAN, MID-TERM REVIEW, MINISTER, MINISTERS, MONETARY AWARDS, MUNICIPALITIES, NATIONAL ACCOUNTING, NATIONALIZED BANKS, PERFORMANCE AUDITS, PERFORMANCE MEASUREMENT, PERFORMANCE REPORTING, PERFORMANCE REPORTS, POVERTY ALLEVIATION, PRIVATE SECTOR, PROCUREMENT, PROCUREMENT POLICY, PRODUCTIVITY, PROGRAMS, PROPERTY TAX, PUBLIC ACCOUNTABILITY, PUBLIC ACCOUNTS, PUBLIC DEMAND, PUBLIC DISCLOSURE, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCIAL MANAGEMENT, PUBLIC FUNDS, PUBLIC RESOURCES, PUBLIC WORKS, QUALITY AUDITS, REMEDIES, REPORTING SYSTEMS, RESPONSIBILITIES, REVENUE MOBILIZATION, REVENUE SOURCES, SALARIES, SANCTION, SANCTIONS, SANITATION, SECTORAL CEILINGS, SENIOR, SERVICE DELIVERY, STAKEHOLDERS, STATE GOVERNMENT, STATE GOVERNMENTS, STATE TREASURY, SUBSIDIARY, SUPPORT PROGRAMS, SURCHARGES, TAX COLLECTION, TAX COLLECTIONS, TAX RATES, TAX REVENUES, TECHNICAL ASSISTANCE, TRANSACTION, TRANSACTION COSTS, TRANSPARENCY, VALUABLE, WAGE, WATER SUPPLY,
Online Access:	http://documents.worldbank.org/curated/en/2008/03/9802955/india-financing-panchayati-raj-institutions-world-bank-financed-operations https://hdl.handle.net/10986/19524
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