Question: Recently, the Himachal Pradesh Public Financial Management and Capacity Building Program was inaugurated by Chief Secretary of the State V.C. Pharka. What is the total estimated cost of this project?
(a) 35 million US $
(b) 40 million US $
(c) 45 million US $
(d) 55 million US $
Answer: (c)
Related Facts:
- On August 31st, 2017, Himachal Pradesh Chief Secretary V.C. Pharka launched the Himachal Pradesh Public Financial Management and Capacity Building Program.
- The programme duration is 5 years and it will be implemented between 2017 and 2022.
- The programme size is USD 45 million.
- Himachal Pradesh, the recipient of this project, is the first state in the country.
- Himachal Pradesh has received this project by virtue of better coordination with World Bank and better standards achieved earlier.
- Out of this USD 45 million, USD 36 million will be financed by the Bank, and the remaining amount will be funded out of State Budget.
- Under the project, it is necessary for the State to achieve the goals for achieving the desired amount.
- For this, emphasis should be on better management of funds, appropriate audit and proper utilization for public finance management.
- This project will help in management of public finance in correct way.
Reference:
http://himsamachar.com/cs-launches-public-financial-management-capacity-building-programme/
http://www.worldbank.org/en/news/loans-credits/2017/05/17/india-himachal-pradesh-public-financial-management-capacity-building-program
http://pib.nic.in/newsite/PrintRelease.aspx?relid=163295