RBI hosted the 36th Conference of State Finance Secretaries on October 27, 2026, focusing on fiscal sustainability through quality expenditure, cash management, and prudent debt practices. Attendees included 27 states and 3 UTs.
36th Conference of State Finance Secretaries Held at RBI
The Reserve Bank of India hosted the 36th Conference of State Finance Secretaries on October 27, 2026, at its Mumbai campus. Themed ‘Role of Quality of Expenditure, Effective Cash and Prudent Debt Management in Enhancing States’ Fiscal Sustainability’, the conference brought together Finance Secretaries from 27 states and three Union Territories.
Senior officials from the Ministry of Finance, Government of India, the Controller General of Accounts, and the Comptroller and Auditor General of India also participated. Discussions centered on improving fiscal outcomes through transparent budgeting, optimizing capital spending, and strengthening debt sustainability frameworks under the Fiscal Responsibility and Budget Management (FRBM) framework.
The event underscores ongoing coordination between central and state authorities on public financial management. Legal practitioners advising state governments or public sector entities may anticipate reforms in budget execution, procurement, and fiscal reporting aligned with evolving RBI and Union Finance Ministry guidance.
