Discussion Paper – September, 2018: Municipal Finance in India

This discussion paper brings together the Indian experience on municipal finance to flag emerging issues for wider consideration among urban sector stakeholders across the countries in line with New Urban Agenda (HABITAT III) and its emphasis on sustainability, self-sufficiency and vertical /horizontal balance in the municipal finance. The paper examines the status of municipal finance with a particular reference to, financial management, mobilization of funds from own/external sources and expenditure management. Finally, a list of lessons drawn and points to probe is given for necessary follow up and feedback.