Financial administration, 02 F.A. meaning nature and
scope of financial administration
Management of finance of
the state or government. Collection. Reservation. Distribution.
PUBLIC finance. Deal
entire economy.
1.public income 2.public
expenditure
3.public dept 4.fin administration
5.fin policy
Significance.. Welfare
state. Democracy.
.management technology
Objective.. Financial
policy. .avoid wastage. .fixing responsibility
Function. Implementing
financial policy. Fin control. Budget preparation. Budget execution .audit
..area.
1.budget preparation
2.budget execution
3.tax administration.
4. Maintaining public
account. Control ac(internal admin). ..propriety ac(for legislation)
..supplementary detailed ac(details of assets liability inc exp)
5.audit. ..appropriation (traditional. Whether spent
on accordance to appropriation)
..propriety(higher audit. Wisdom. Beyond the formalities). ..regulatory audit(rules and
regulations) ..efficiency
audit(efficiency of the agency)
..Scope..fin policy. ..economic policy ..financial planning. ..monetary policy. ..performance budget
Agency of fin management
1..ministry.
2..legislature 3..comptroller and
auditor general. 4..Parliamentary committee
..public ac comm ..estimate comm
..comm on pub undertaking
1.PAC setup in 1921
To examine appropriation
ac.
Ensures money spent by
executive within the scope of demand.
..Recommendations
..ensures accuracy if
accounts
..ensure honesty of
accounts
15+7 two years tenure
1950 pac become
Parliamentary committee.
1.expert control. Opinion of
experts
2.financial control.
Misuse
3.judicial. Judge role cag
vs fin dept
4.admin control. Transfer and
removal of corrupted official
5.post modern control.
Misuse of power
6.no parity control.
Members do not show party political difference
..Report to parliament
..cannot interfere
internal admin of depts.
..cannot disallow any item
expended
..policy cannot be questioned
2.estimate committee
.controlling expenditure
30L
..economic impv.
Organizational efficiency. ..alternative policy. Estimate within t limit of policy.
.bring efficiency in
economy
Bring efficiency in
administration
..policy matters not
within the scope
..report economic
improvement
..report to parliament
..report will be
thoughtful purpose
..recommendations for the
improvements of org
3. Committee on public
undertaking
10L 5R. Examine cag
report. Day to day admin matter. Efficiency of autonomy
4. Committee on
subordinate legislation
.check any tax
imposed. Any overcame of judiciary
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