<h1>Finance Leaders Discuss Revenue Collection, GST Integration, and Accounting Standards; Stress on Budget Stabilization for Fiscal Resilience</h1> The Comptroller and Auditor General of India and the Chairman of the 16th Finance Commission held discussions on public finance, focusing on revenue sources, GST administration, and accounting standardization. Key issues included declining State Own Tax Revenue buoyancy, fiscal challenges, and the need for robust revenue collection mechanisms. Recommendations included modernizing revenue collection methods and integrating unregistered providers into the GST framework. Emphasis was placed on standardizing accounting practices and harmonizing local body accounts with state and central accounts. The meeting highlighted the establishment of Budget Stabilization Funds as a model for financial resilience and improved fiscal management.