Effective utilisation of public funds is not merely an administrative requirement but a moral responsibility of those entrusted with public office. However, instances of funds allocated to flying idle o being diverted towards extraneous purposes continue to be reported across the country. Examine the reasons for under-utilization and mis-utilization of public funds and their implications.
Main Body
Effectively public funds must be utilized to uphold Public Trust doctrine & governance and ensure Fiscal probity. Yet, CAG has highlighted instances of fiscal laxity.
REASONS FOR UNDER-UTILIZATION/MIS-UTILIZATION:
STRUCTURAL:
FUNCTIONAL:
(D) NFBudget unutilized (LOF)
(G) Transfer of fund without lasting (D) Inadequate public accountability in audits
(D) Inadequate public accountability (EI) - MGNREGA fund diversion
IMPLICATIONS:
Economic Injustice:
Corruption begets corruption -> Welfare schemes ineffective
Social Injustice and Inequality (PAUSSAD)
Caring ahead, principles of profit, transparency and collegiality must be adopted to achieve UPLIFT goal of Ham Rajya
Conclusion
Caring ahead, principles of profit, transparency and collegiality must be adopted to achieve UPLIFT goal of Ham Rajya
18 words
DEEKSHA CHOURASIYA
Governance and Public Administration
Public Fund Management and Accountability
Under-utilization and Mis-utilization of Public Funds
138
Total words
15
Paragraphs
1
Bullets
analytical
Tone