https://www.taxtmi.com/news?id=21651 Discussion focused on fiscal transparency and risks from off budget and extra budgetary resource mobilisation, with the CAG noting that international standards and the amended FRBM Act, 2003 envisage including such resources within the definition of debt but expressing concerns about current completeness and reliability of disclosures. The CAG also highlighted inconsistent measurement of capital expenditure, the need for better asset accounting and adoption of standards based government accounting, and discussed public expenditure management, GST revenue impacts and local bodies' finances. en-us Mon, 08 Jul 2019 18:55:15 +0530 Mon, 08 Jul 2019 18:55:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21651 Discussion focused on fiscal transparency and risks from off budget and extra budgetary resource mobilisation, with the CAG noting that international standards and the amended FRBM Act, 2003 envisage including such resources within the definition of debt but expressing concerns about current completeness and reliability of disclosures. The CAG also highlighted inconsistent measurement of capital expenditure, the need for better asset accounting and adoption of standards based government accounting, and discussed public expenditure management, GST revenue impacts and local bodies' finances. News - Mon, 08 Jul 2019 18:55:15 +0530 https://www.taxtmi.com/news?id=21651