Functions
Major functions of the Finance Department include the following
- Framing of rules regulating the pay, leave and pension of persons in the service of the Government and rules regulating the number, gradings or cadre and emoluments of posts under the Government and also be responsible for seeing that these rules are properly applied.
- Finance Department is responsible for all matters relative to financial procedure and the application of the principles of sound finance.
- Advise on the financial aspect of all transactions relating to loans granted by the Government.
- Safety and proper employment of Famine Relief Fund and other special funds, if any, and for the administration of Provident Funds, Deposits and Advances.
- Examine and report on all proposals for the imposition, increase, reduction or abolition of taxes, duties, cesses or fees.
- Examine and report on all proposals for borrowing or giving of a guarantee by the Government and raise such loans as have been duly authorised, Finance Department shall be in charge of all matters relating to the service of loans or the discharge of guarantees.
- Ensure that proper financial rules are framed for the guidance of other departments and that suitable accounts, including commercial accounts, whatever necessary, are maintained by other departments and establishments subordinate to them.
- Prepare an estimate of the total receipts and disbursements of the State in each year and watching the state of the Government's balances and for their ways and means operations.
- Preparation of Budgets and supplementary estimates.
- Advise departments responsible for the collection of revenue regarding the progress of collection and methods of collection employed.
Read more about this topic: Department Of Finance (Kerala)
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