Make the State a model of excellence in management of public finance and economic management for its sustainable development.

Sound fiscal management through appropriate and prudent economic and financial policies; regular audit; inspection and expenditure rationalization.


  1. Adopting appropriate and prudent economic and financial policies.
  2. Judicious resource allocation, rational investment decisions and expenditure rationalization.
  3.  Efficient and proper revenue mobilization and debt management and their utilization.
  4. Effective monitoring of implementation of various schemes/activities.

The Department is headed by the Finance Commissioner, Government ofMizoram who supervises and controls the functioning of the various branches of the/Department through Officers subordinate to him/her. The branches of the Department and details of business transacted are as under


  • Rules relating to advances of Car, HBA, etc.
  • Embezzlement and other financial irregularities in Public Finance.
  • Write off of losses.
  • Pre-Audit and Arrear claims.
  • Rules relating to Security Deposit.
  • All matters relating to Audit.
  • Audit Certificate.
  • Rules and procedures regarding General Provident Fund.
  • Submission of monthly Accounts by Treasuries/Divisions.
  • Departmentalization of Accounts.
  • Insurance Scheme of Government servants.
  • P.A.C and C & AG’s Reports.
  • Permanent advance and imprest including fixation of stock reserve limit
  • Enhancement of Monetary limits for submission of vouchers/sub vouchers to Accountant General.
  • Matters relating to pension other than the case dealt with by Finance Department (Establishment Branch).
  • Verification of Department Accounts and Cash balances.
  • Opening of Bank Accounts.
  • Matters relating to drawal of fund on A.C Bills.
  • Tax Deduction at Source.


  • Declaration of Controlling Officers in respect of Budget.
  • Preparation of Detailed Budget Estimates and Revised Estimates.
  • Sanction of acceptance of Supplementary Demands and Appropriation.
  • Sanction and regularization of Advance from contingency funds.
  • Preparation of Excess Demand and Grants.
  • Preparation of Appropriation Bills.
  • Classification of Receipts and Expenditure.
  • Surrender of saving of various office/Departments.
  • Letter of Credit.
  • Transfer of funds to other Departments.
  • Re-appropriation of funds.
  • Reconciliation of Accounts with Accountant General.
  • Regulation of all kinds of expenditure through Budget.
  • Allocation of additional fund under Non Plan.
  • Revalidation of unutilized Grant/Fund.

Debt Management

  • Reconciliation of Accounts - Government Receipts and Public Debt.\
  • Loans and Advances from the Government of India.
  • Loans from Central Financial Institutions (CFIs).
  • National Small Savings Fund.
  • Market Borrowing.
  • Borrowing requirements/Ceiling of the State Government.
  • Consent of Government of India under Article 293(3) of the Constitution of India.
  • Matters relating to receipts and Expenditure under Public Account, General Provident Fund, Insurance & Pension Fund, Deposit & Advances, Reserve Funds etc. including payment of interests.

Financial Resources.

  • Plan Financing: Assessment of Financial Resources for State’s Annual Plan, Plan Grants from Central Government, Planning Commission, etc. (excluding loans)
  • Non-Plan Financing: Non-Plan Revenue Deficit Gap Grants, Share of Taxes, Other Grant under Awards of Finance Commission.
  • State’s Own Tax and Non-Tax Revenues.
  • Assessment of Financial Resources for State’s Five Year Plans and Annual Plans.

Economic Issues:

  • Economic Survey.
  • Matters relating to Multilateral Institutions and External Assistance.
  • Public Private Partnership (PPP), Viability Gap Funding (VGF) and related matters.
  • Economic Policies of the State Government.

Fiscal Management and Fiscal Reforms.

  • Matters relating to Fiscal Policies and Reforms.
  • The Mizoram Fiscal Responsibility and Budget Management Act, 2006 and Rules, 2007 and related matters.

Management of Cash Balances:

  • Ways and Means Advance, Special Ways and Means Advance and Overdrafts.
  • Adjusting Transactions.
  • Maintenance of Daily Cash Balance Position with the Reserve Bank of India.
  • Credit of Funds into Government Accounts.
  • Current Accounts of Finance Department.Control of Expenditure through Treasuries including clearance of bills and cheques and records receipt and payments in various Treasuries.
  • Release of fund for procurement of Foodstuff & Transport Subsidy.
  • Investment of Cash Balances in Treasury Bills/Government of India Securities and Rediscounting.

Expenditure Management

  •  Economy Measures in Government’s expenditure.
  • Stock Suspense and related matters.
  • Monitoring of Plan Expenditure and Other Earmarked Funds in the State’s Annual Fund.

Government Accounts & Records:

  •  Record of Adjusting Transaction.
  • Record of Non-Plan Grants and Grants for State Plan Schemes.
  • Record of Grants for Special Schemes (NEC, NLCPR, etc.)
  • Record of Grants for CSS.
  • Record of Grants for CPS.

Government Companies/PSUs:

  • Public Sector Undertakings, Statutory Boards, etc.
  • Investment in loans and equities of Government of Mizoram in PSUs/Boards/Societies/Banks.
  • Matters relating to Central Financial Institution (NSTFDC, NSCFDC, NSKFDC, NMDFC, NHFDC, IDBI, SIDBI, etc.)

Loans and Advances and Equity Investments:

  • Loans to outside Agencies/Bodies etc.

Other Matters:

  • Conference of State Finance Secretaries.
  • Reports and returns on State Finance with Government of India, Reserve Bank of India, etc.
  • Matters relating to Power Purchase, Letter of Credit (LoC) with Power Corporation.
  • Matters relating to preparation of Budget - Annual Financial Statement, Finance Minister’s Budget Speech, FRBM Statements, etc.


  • Delegation of Financial Powers and declaration of Drawing and Disbursing Officer (DDO).
  • Matters relating to establishment of Treasuries excluding Accounts Matters.
  • Service Rules of Mizoram Finance & Accounts Service as well as service matters of MFAS Officers.]
  • General Advice on financial aspects of Service Rules etc.
  • Service matters of Auditors, Divisional Accountants & Treasury Accountants.
  • Interpretation of FR, SR, CSR, CCS (CCA) having financial implication.
  • Honorarium, fee, Special Pay, Compensatory Allowances, etc.
  • Deputation for Training within and outside India.
  • Establishment matters of Directorate of Accounts & Treasuries.
  • Leave Rules/Grant of study leave.
  • Children Education Assistance.
  • Extension, re-employment on contract basis.
  • Festival Advance.
  • Revision/Framing of Rules.
  • Pension cases of Officers under Administrative Control of Finance Department.
  • Rules relating to TA/LTC/Medical Attendance Rules.
  • Creation of temporary posts.
  • Retention of temporary posts of all Departments conversion of temporary posts into permanent
  • Continuous engagement of Contract employees and Muster Roll employees.
  • Creation of Circles/Division and its conversion thereof.
  • Currency Remittance.
  • Indent of cheques/Stamps including maintenance of cheque drawing authority.
  • Yardstick for creation of posts of various categories in different offices of the State Government.
  • Matters relating to Consultative Committee.
  • Joint Consultative Committee Meeting.
  • Questions relating to State Legislative Assembly/Parliament.
  • Court cases.
  • Vetting of Rules of All Departments including Financial Memorandum and Cabinet Memorandum.
  • Vetting of proposals for promotion of Government employees.
  • Rules relating to Grant-in-Aid and Scholarship.
  • Rendition of accounts by Treasuries to Accountant General.


  • All expenditure sanction relating to Plan and Non Plan Schemes of various Departments including FC, CSS, NLCPR, NEA, etc.
  • All matters relating to Departmental Purchase Advisory Board and State Purchase Advisory Board (DPAB & SPAB)
  • Monthly expenditure of various Departments.
  • Hire of lands and buildings.
  • Matters relating to Discretionary grants of Ministers/Speakers.


Articles 270, 273, 275 and 280 of the Constitution of India provide for the constitution of a Finance Commission to recommend to the President certain measures relating to the distribution of financial resources between the Union and the States.

The recommendations of Finance Commission pertain to the following:

  • The distribution between the Union and the States of the net proceeds of taxes which are to be, or may be, divided between them and the allocation between the States of the respective
    shares of such proceeds.
  • The principles which should govern the grants-in-aid of the revenues of the States out of the Consolidated Fund of India.
  • Any other matter preferred to the Commission by the President in the interests of sound finance, which are indicated as Terms of Reference.

Finance Commission Cell is allotted the following works :

  • Preparation of Memorandums to be submitted to the Finance Commission.
  • Monitoring proper utilization of Grants given by Finance Commission and according expenditure sanction.
  • Implementation of the recommendations of Finance Commission.
  • Organizing High Level Monitoring Committee (HLMC) Meeting under the chairmanship of the Chief Secretary to approve the Annual Action Plan of Departments and to see that the Annual Action Plans (AAPs) are followed.


  • Upgradation of pay.
  • Pay Revisions.
  • Remedial measures of Pay Anomalies.
  • Dearness Allowance.
  • All allowances other than specifically assigned to other branches.

Fiscal Management Unit was established under Finance Department to facilitate various reforms and act as Programme Management Unit responsible for implementation of the Mizoram Public Resource Management Program (MPRMP) under the guidance of the Program Steering Committee. The FMU will also co-ordinate with Program Implementing Unit (PIU) in the various implementing Departments
under the program.

 To bring changes in Fiscal Management and Revenue earning capacity of the State and to improve the revenue collection in respect of all the Departments.
The following were the program outputs:

  • Tax and Non-Tax Revenue reforms.
  • Issues relating to management of debt of the State Government.
  • Public Expenditure Reforms.
  • Sectoral improvements in Health and Education Sectors.
  • Pension Reforms.
  • Public Sector Enterprise (PSE) Reforms.