Analysis of Financial Governance and Development in India

This report examines the key aspects of the Busan Partnership on aid effectiveness, focusing on improved government financial governance. It explores the relationship between public financial governance and the Sustainable Development Goals (SDGs), identifying how development partners can assess system weaknesses. The report uses India as a case study, analyzing its current areas of weakness and discussing the benefits and drawbacks of adopting International Public Sector Accounting Standards (IPSAS). Finally, it outlines the support that development partners should provide to assist countries in implementing proposed reforms, emphasizing the importance of harmonization, capacity building, and partner consultation to promote sustainable development and reduce poverty.

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1. Identify the key aspects of the Busan Partnership on aid effectiveness (2011) that relate to improved government financial
governance (10%).
The Busan Partnership has led to major aid effectiveness programs and on massive basis, however the financial governance
key aspects can be laid as under:
- It is necessary to use the default approach which leads to the prospects of having a development which will be build
under the segments and the prospects of public undertaking and co operating with the developing country.
- The aspects deals with the mutually diagnostic tools which lead to assure that the necessary assistance or changes for
the strengthening of systems is truly promoted.
- It is necessary that the respective commitments to enable CSOs ( Central Service Organisation) to exercise their roles
as an independent development actors to assure that the goals are achived. (Greenhill, 2016).
- The other important aspect is that the management system must build an effectiveness process which may lead to aid
effectiveness guideline for the general public as well as accelerate the social protection plan as well as system.
2. Identify which SDGs the improvement of Public Financial Governance and systems relates. (10%)
The SDGs will assure that the fundamental values essential which may lead to serve a better atmosphere it lead to the
points which aimed at promoting following goals on a diligent manner which was the

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Ensuring that the Eradication of the extreme poverty and hunger was managed in a right manner (Brusca, Caperchione,
Cohen, and Rossi, eds., 2016).
It lead to a possibility where the achievement was made on a universal objective which was the primary education of the
students and the children
Their was an strong agenda where the promotion was managed in a right manner which was the gender equality and
empowerment of the females or the women of the country especially of the developing countries.
The other aim was to assure that the child mortality must be reduced in a great level.
The other agenda was that the Improvement must be made on the maternal health as it will promote the concept of the
health awareness (Greenhill, 2016).
They must promote the Combat of HIV/AIDS, malaria and other diseases which is the major cause of the whole agenda.
3. You are to identify how development partners can identify system weaknesses
Development partners deals with practicing the review of the past as well as the current along with dealing with future
parameters which are set on the aspect of dealing with the current basis along with the perceptions for the impact basis. It is
evident that the comparisons basis are established on account of the SAI which deals the sample joint procurement as well
as considering the option of the sample of the joint transaction reviews along with the audit reports and documents set for
the minutes of meeting. The development partners ensures the level of the separate system which leads to promote the
concept of providing the maintenance of the defined track and the evaluation of the resultant outcome. The partners in this

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system leads to a concept of where the option is adopted on the basis of the delivery measurement as well as developed on
the basis of the accountability factor . The other element which is considered is the proper principles which must be check
and monitored so that the weakness can be identified and the points which must be considered is that the inclusivity must
be lead on the basis of the country system which will be based on the structure and the framework. The other option
through which it may select the weakness option is the evidence decisions must be evaluated and monitored, audits
effective resources. The other is the transparent level which is based on the web platform and as well as the society agendas
and its manner of reporting results.
4. Identify your developing country and its current areas of weakness
The country selected is India as it is the country which is on a fast mode on the stage of development where the country is
trying to eradicate all the elements to and various social problems related to society must be identified and worked around.
The major problems can be listed will be mainly because of the factor which will be as follows as poverty is the major
concern which is education which is lacking in all areas, further it defaults on the basis of the government failures and also
disgust on the economic status. The other major problem is that the illiteracy as well as the lack of skills, and the other
unemployment factor which is spreading on a larger scale on all levels of unemployment (Carley and Christie, 2017). It has
actually lead to increases to crimes and also economy defaults on a faults on all the factor. Not to forget the other major
concern is with context to the health concerns, such levels where the element of the aspect was bad and detorting health

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and health concerns which may not lead to bad economy and a unhealthy society as well as the economy.
5. You are to discuss the benefits and drawbacks/risks of adopting IPSAS in your chosen developing country. \
Considering the country chosen which being India adoption of any roles and regulations can be difficult, it may include any
level of positive aspects as well as some level of negative aspects. The positive factor includes the level of streamlining of
various problems which will be a difficult concern as well as on the accounting accrual levels. Further, the concern will
lead to provide a better level of where the whole system will universal adopt the same level of system which promotes the
universal level of accounting and managing financial records and management (Berger, 2018). Other level is that the
universal system and the government managing and the resources as well as the scarcity of the resources and the experts
must be aimed at a great level as well as the cost is also managed. The other benefit is that the Ministry as well as the other
government sectors are also managed in a right manner. In simple world the whole system in routed and clubbed in one
simple manner of accounting and management and working on financial sector.
The disadvantage is that the complications is increased and the managing of the accounts becomes much more difficult and
complicated. It leads to a level where the confusion will be increased as well as the accommodating all the levels in
accounting will be a difficult concern which may cause a while financial system as well as the other system to default in
major problem as well as effect the public concerns in a major manner.
6. Discuss what support the development partners should put in place to assist the countries in implementing the proposed
reforms.

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Development partners involve an great level of support to promote as well as propose reforms especially in context to the
developing countries can be listed as follows: - the concentrate on the aid of the effectiveness agenda which leads to the level of
harmonization which will lead to the national development goals. It is evident that the ownership levels will be aligned on the factor of
the pushing norms must be formulated as well as the capacity of the building and the well of the partner consultation along with the
coordination system must be trusted in a right manner (Alatas, 2018). The partner solutions also assure that the level must lead to a
possibility where the country dynamics must be matured and harmonized in a right manner. In true sense they lead to promote an
nature the level of the official policy and the level of effectiveness which may actually support and help the politics to sustain and the
poverty to reduce the level of trade offs and build capacity concrete for the development and the managing of the strategic as well as
the level of sustainability.

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References
Alatas, H., 2018. Intellectuals in developing societies. Routledge.
Berger, T.M.M., 2018. IPSAS explained: A summary of international public sector accounting standards. John Wiley & Sons.
Brusca, I., Caperchione, E., Cohen, S. and Rossi, F.M. eds., 2016. Public sector accounting and auditing in Europe: The challenge of
harmonization. Springer.
Carley, M. and Christie, I., 2017. Managing sustainable development. Routledge.
Greenhill, R., 2016. Where next for development effectiveness? Leaving no one behind. Conference Policy Note.