Administration

Administration The following may be listed as some of the important principles of financial administration ) The principle of primacy of public interest, public choice and public policy ) The principle of political direction and control ) The principle of correspondence ) The principle of unity of organisation and management ) The principle of stability and balance ) The principle of simplicity and flexibility ) The principle of conduct, discipline and regularity ) The principle of public trust and accountability. Four Distinct Phases- Financial Administrative History of India Period I ( - ) - Creation of structure and concretisation. Period II ( - ) - Development of systems and Procedures. Period III ( - ) - Democratisation and Decentralisation Period IV ( -till date) - Development orientation. New Emerging Trends - Financial Administration in India ) Regulation and control of fiscal deficit ) Cutback on non-development expenditure ) Development of zero base perspective ) De-emphasised public sector ) Non-bureaucratic delivery of public goods and services ) Focus on decentralized responsibility for financing development plans ) Towards deregulation and liberalization