Financial Accountability

Why it matters

• Ensures adherence to the principle of legislative control over the public purse as mandated by the Constitution.
• Promotes transparency and efficiency in the utilization of taxpayer resources by minimizing fiscal leakage and corruption.
• Facilitates independent oversight through statutory bodies like the Comptroller and Auditor General to verify the legality and propriety of government spending.
• Strengthens democratic governance by requiring the executive to justify budgetary decisions and performance outcomes.

How it is asked

Focus on the roles of the Public Accounts Committee, Estimates Committee, and the Comptroller and Auditor General in maintaining fiscal discipline, as well as the constitutional provisions governing the Consolidated Fund of India.