World Bank will provide USD 36 million to Himachal Pradesh

Vastavam web: The World Bank will extend a loan of USD 36 million to improve the efficiency of public expenditure management and tax administration in Himachal Pradesh. The program, the finance ministry said, is expected to contribute to enhancing efficiency of key departments, improving budget credibility, strengthening systems and procedures to improve fiscal discipline.The program, whose duration is 5 years, is also expected to improve revenue administration to increase fiscal space and targeted organisational reforms including human resource.”The program focuses on the priority areas identified by the GoHP, which were articulated in various stakeholder workshops during Program preparation,” the ministry said.