NOTICE NOTICE

The New Website for Finance Department is finance.assam.gov.in Eventually the Department will move to aforesaid Website

FINANCE DEPARTMENT FINANCE DEPARTMENT

Overview:

Finance Department comprised only two branches viz the Finance Branch and the Budget Branch in the Pre-independent period. However with the growth of the economy,adoption of planning as an instrument of development,efforts to raise the state govt. revenue and Dept. activities and taking up of innovative approach for the development and modernization of state ‘s economy, the size and scope of works of the Finance Department has gradually expanded over the years.  

Role and Function of the Finance Department

The Role and function of Finance Department are laid down in Rule 33 of the Assam Rules of Executive Business,1968.The main functions of the department are preparation of budget and statement of estimated revenues and expenditure to be laid down before the Sate Legislature; framing of rules regulating the pay, leave of person in service of the state Government and rules regulating the number, grading or cadre emolument of posts; laying down of rules relating to advances made to the Government servants for purchase or construction of houses etc .;Examination of the proposals for increase or reduction of taxes ; state borrowing and provision of Government Guarantees against loans raised by PSUs and other Co-operative entities , laying down of appropriate financial rules for guidance of other Co-operativeentities,laying down of appropriate financial rules for guidance of other department that are responsible for maintenance of proper accounts and action to enforce accountability on such matters ; preparation of estimates of receipts and disbursements and keeping watch on State Government fiscal balances, ways and means operations etc .