Strengthening Municipal Finances in India: Improving the Quality of Municipal Expenditures (Part 02)
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 […]
