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

A1991

B2000

C1985

D1996

Answer:

D. 1996

Read Explanation:

  • 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.


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