Topic: Utilization of public funds
Arunachal Pradesh, rich in resources, faces significant challenges in effectively utilizing public funds. This analysis critiques the efficacy of fund utilization, focusing on implementation hurdles, lack of transparency, and accountability deficits, and proposes solutions for enhanced governance and socio-economic progress.
Key concepts include: Public Financial Management (PFM), governance, socio-economic development, transparency, accountability, implementation efficiency, resource allocation, corruption, capacity building, and citizen participation.
Implementation faces issues like geographical remoteness, poor infrastructure, and inadequate capacity of local bodies. Transparency is undermined by weak auditing mechanisms, limited public access to financial information, and instances of corruption. Accountability suffers due to weak enforcement of rules and a lack of effective oversight. Funds often get diverted or misused leading to poor infrastructure and slow progress in social sector development.
Measures for improvement include: Strengthening PFM systems; promoting e-governance to increase transparency; enforcing rigorous audit processes; empowering local communities in fund management through Gram Sabhas; enhancing citizen monitoring through social audits and public grievance redressal mechanisms; and, investing in capacity building of government officials. Increased focus on project monitoring and evaluation is essential for accountability.
Effective public fund utilization is crucial for Arunachal Pradesh’s socio-economic advancement. Addressing the challenges of implementation, transparency, and accountability through improved governance, incorporating the suggested measures, can unlock the state’s true potential and accelerate development.
- Geographical challenges & Infrastructure deficiency.
- Weak audit & e-governance adoption.
- Lack of community participation in fund management.
- Emphasis on stronger PFM and accountability mechanisms.
- Importance of capacity building of government employees.