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 government schemes hang idle or 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
As all undertakings depend on finance, treasury must be valued. ~ Arthasastra Reason for under-use: [Under utilization] ) Fixed nature of funds (2). MGNREGA fund with public finance can't be used in any other service. lack of clarity on fund use provision → leading to no use. ) Red taism - delay in clearance. [Implications] lack i lack of development activity x Read, Railway etc. (2). cost overrunning due to delays.
) Over regulation ) Lack of Transparency - of officer judiance every in fund use. (2). Nexus between politician and officer x - Charaghat had an level involvement ) No grievance redressal mechanism ) Delay in public project of develop- ment activity x Read, Railway etc. (2) cost overrunning due to delays. (3). Deletion of public fund (4). security is promised
a delay in public projects x Read, Railway etc. (2) cost overrunning to delays. (3). Deletion of public fund (4) security is promised x - delay in define aggression. [Note] - every public fund use must be guided by 'virtue ethics' for benefit of nation.
— SAKSHEE MISHRA · AIR 214
Conclusion
16 words
SAKSHEE MISHRA
Government Policies and Interventions - Design, Implementation and Issues
Public Fund Utilization and Governance
Fiscal Management and Fund Allocation
193
Total words
1
Paragraphs
analytical and critical
Tone