A study on Municipal Financial Disclosure Reporting in West Bengal



The present form of local government in India owes its genesis to the British rule. 73rd and 74th landmark Constitutional Amendments in 1992 changed the structure of governance permanently from a two-tier to a three-tier system consisting of the Union, the States and the Local Bodies. Over the years increasing amount of funds are available to municipalities from different sources like grants from the Central and State Governments, self-generated revenue, etc. With increasing funds being made available for functioning of ULBs and ensuring transparent and fair financial reporting for all kinds of stakeholders, successful implementation of accrual based double entry system is a pre-requisite. In this backdrop, this study examines and measures the disclosure score of financial report in West Bengal.


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ISSN : 2251-1571