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DTSTART:20240806T123000Z
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SUMMARY:Strengthening Municipal Finances in India: Institutional Design to Streamline Municipal Finances (Part 03)
DESCRIPTION:In India, municipal revenue and expenditure are not only low, hovering around 1% of GDP (as against 7.4% in Brazil and 6% in South Africa), but they have also remained stagnant over time. There is a gross mismatch between the functions and finances of the urban local bodies. The current levels of own taxes and non-taxes are insufficient to fund the expenditure demands of urban areas adequately. Consequently, urban local bodies have increasingly relied on funding from the Union and state governments, placing them in a vulnerable position over time.\nThe poor finances of the Urban Local Bodies (ULBs) have detrimental effects on urban infrastructure and service delivery, ultimately lowering living standards. Moreover, these financial constraints serve as a barrier to the continued expansion of cities, impeding national economic growth. Considering the substantial contribution of cities to India’s GDP (>60%), it is imperative to prioritise their development and advancement. An essential step towards achieving this goal is addressing and improving municipal finances.\nIn our endeavour to strengthen municipal finances, we are hosting a three-session webinar series on municipal revenue, expenditure and institutional design. The sessions will have leading economists, policy practitioners, public finance scholars, urban planners, etc., to discuss various municipal finances. The goal of these webinars is to generate actionable suggestions for policymakers. Thus, the discussion will focus primarily on exploring potential solutions, with limited discussion on the problem’s context, nature, and extent.\nKey Questions to be addressed:\nHow can we ensure that States effectively promote fiscal decentralisation to Urban Local Bodies? What strategies can be employed to enhance the functioning of State Finance Commissions? What measures are necessary to guarantee fiscal autonomy for municipal bodies?\n
URL:https://www.inhaf.org/webinar/institutional-design-to-streamline-municipal-finances-118/
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CATEGORIES:Events,Webinar
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