Mandate & Role of Finance (Budget) Department
The Finance Department (Budget) is vested with the constitutional and statutory responsibility of managing the public finances of the Government of Goa. It plays a pivotal role in formulating the State Budget and presenting it annually before the Goa Legislative Assembly.
As the custodian of the State Exchequer, the Department balances governmental receipts with disbursements, ensures fiscal stability, manages public borrowings, and guarantees that debt servicing obligations are fulfilled in accordance with the Goa Fiscal Responsibility and Budget Management (FRBM) Act.
The Department diligently evaluates administrative proposals submitted by various government departments with reference to actual public needs, fiscal prudence, cost efficiency, and established financial codes before committing budgetary allocations.
