Question

The introduction of a separate budget document exclusively for Local Self-Governments (LSGs) was a key milestone in:

• A. 1991
• B. 2000
• C. 1985
• D. 1996

Answer 1

Answer:

D. 1996

• A significant milestone in fiscal decentralization was the introduction of a separate budget for LSGs in February 1996.

• This provided a transparent mechanism for the allocation of plan funds to local bodies, distinct from the state's main budget.