Question

Revenue and expenditure management of local bodies in telangana

Answer 1

Revenue and expenditure management of local bodies of Telangana are as follows -

State's finance and accounting books of all financial transactions are managed by the Finance department of Telangana.

It gives precious advice to the Secretariat in matters related to pension rules, financial rules, financial procedures etc regarding State Finance.

Answer 2

Revenue is the income collected by the local authority for upkeep and maintainance of welfare of natives of given state. The revenue i s achieved from the tax systems which includes Value Added Tax.

Telangana spends about 76% of its revenue on slum dwellers and and the citizens living below the poverty line.

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