One of the important conditions of the 13th Finance Commission is to put in place a Supplement to the State Budgets meant for local bodies furnishing details of grants and transfers to ULBs. There is no uniformity in the structure of Supplementary Budgets being prepared by different states. The objective of the study is to assist MoUD in standardization of Supplementary Budgets and Finance Accounts as per the guidelines of 13th Finance Commission.
A detailed investigation of codification structure of Supplementary Budgets, State Budgets and Finance Accounts has been undertaken for twelve states. A new format for the structure of Supplementary Budget has been devised and was discussed during these visits.