Directorate of Economics and Statistics
Department of Planning & Development
Monday, September 21, 2020

Local Bodies

Local Bodies are the State Administrative bodies in each state/UT mainly clustered under Urban and Rural sectors. The urban local bodies constitute municipal corporation, Nagar Parshad/Muncipality/Nagar Panchayat, where as the rural local bodies comprises of Gram Panchayat, Panchayat Samit & Zila Parisad. Local Bodies Accounts are the maintaining of accounts by such state administrative bodies. The maintaining of the accounts in these local bodies are in the form of receipts and expenditures/payments. The receipts are maintained under two heads i.e. current receipts and capital receipts, where as the expenditures/payments are maintained as current expenditures/payments and capital expenditures/payments.

The collection, tabulation and compilation of the local bodies account has been emphasised by the 13th (thirteen) Finance Commission and by the 14th Finance Commission for generation of realistic data pertaining to receipts and expenditures/payments of all the local bodies functioning in the State.