The Minister of State for Finance Shri Jayant Sinha will inaugurate the 1st Conference of State Finance Secretaries in the national Capital tomorrow. This is the First initiative of its kind by the Ministry of Finance where the important issues concerning Department of Expenditure, Financial Services and Economic Affairs would be discussed with the State Finance Secretaries. The Conference would be Chaired by the Finance Secretary and Secretary (Expenditure) Shri R.P. Watal.

 There will be three Sessions involving the topics concerning Department of Expenditure, Financial Services and Economic Affairs. Issues concerning Banking and Financial Sectors, Budget and Plan Expenditure will be high on the Agenda.

 Besides above, issues pertaining to Social Sector expenditure, Capital Expenditure and growth etc would also be discussed among others during the one day Conference of the State Finance Secretaries.

Intergovernmental finance coordination mobilises state finance secretaries to align budget and financial sector priorities through federal consultation. Intergovernmental finance coordination convenes state finance secretaries in a one day conference chaired by central expenditure officials to provide a forum for dialogue between the Department of Expenditure, Department of Financial Services and Department of Economic Affairs and state finance leadership. The agenda emphasizes Budget and Plan Expenditure, Banking and Financial Sector issues, Social Sector Expenditure, Capital Expenditure and growth, aiming to align fiscal priorities and administrative coordination between centre and states.