The 36th Conference of State Finance Secretaries, held on October 27, 2026, focused on fiscal sustainability, emphasizing quality spending, cash management, and prudent debt.
RBI Convenes State Finance Secretaries on Fiscal Sustainability
The Reserve Bank of India hosted the 36th Conference of State Finance Secretaries on October 27, 2026, in Mumbai. The theme, 'Role of Quality of Expenditure, Effective Cash and Prudent Debt Management in Enhancing States’ Fiscal Sustainability,' reflected growing concerns over state-level fiscal health.
Finance Secretaries from 27 states and three union territories attended, alongside senior officials from the Ministry of Finance, Controller General of Accounts, and the Comptroller and Auditor General. Discussions centered on improving expenditure efficiency, optimizing cash balances, and maintaining sustainable debt paths amid rising market borrowings.
The forum serves as a key platform for policy alignment between the Centre and states. For legal advisors in public finance and governance, outcomes from such conferences may inform future legislative or administrative measures on fiscal responsibility, resource allocation, and audit compliance, warranting close tracking.
