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        News and Press Release

        15th Finance Commission Meets Representative of PRIs of Punjab

        January 29, 2019

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        Devolution of finances to PRIs emphasises state grants and performance incentives amid weak own-revenue and accounting gaps. The 5th State Finance Commission recommended a 4% share of net state tax revenue for local bodies, fixed annual grants and performance-linked grants across PRI tiers; however, only 13 of 29 functions are devolved. Gram panchayats have negligible own-tax revenue and declining non-tax income, relying mainly on state and central grants. Significant governance weaknesses include multi-year accounting arrears, lack of consolidated accounts, and non-adoption of the Model Accounting System, which has undermined data quality and eligibility for performance grants.

        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

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        <h1>Devolution of finances to PRIs emphasises state grants and performance incentives amid weak own-revenue and accounting gaps.</h1> The 5th State Finance Commission recommended a 4% share of net state tax revenue for local bodies, fixed annual grants and performance-linked grants across PRI tiers; however, only 13 of 29 functions are devolved. Gram panchayats have negligible own-tax revenue and declining non-tax income, relying mainly on state and central grants. Significant governance weaknesses include multi-year accounting arrears, lack of consolidated accounts, and non-adoption of the Model Accounting System, which has undermined data quality and eligibility for performance grants.

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