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

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A1991

B2000

C1985

D1996

Answer:

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.

Related Questions:

Which of the following statements correctly describes the government's commitment to education in Kerala?

The State Government and Local Self-Government institutions are committed to providing good quality infrastructure in educational institutions.
There is a strong emphasis on maintaining a hygienic environment within educational institutions by the authorities.
The government's role is limited to policy-making, with infrastructure development left to private entities.