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Genesis and Objectives


Karnataka is the first Indian State to enact Fiscal Responsibility Act (KFRA) in 2002. The experience from USAID-India Fiscal REFORM Project (2003-2008) brought out need for Fiscal Policy Institute (FPI) in the State. Government of Karnataka (GoK) established FPI in 2007, with an initial plan grant from Government of India. Setting up FPI signifies the commitment of the State to institutionalise the process of implementing the Act in letter and spirit. Thus, FPI is set up to assist GoK to;

  • enhance “informed” decision-making in state government and local bodies;
  • ensure that decision-making processes follow consistent and transparent principles, leading to greater accountability and transparency in economic governance;
  • sustain the fiscal correction course by constantly upgrading the capacity of relevant institutions




      The Key Objectives FPI are:

  • To provide customized training to Government officers / officials and relevant research output on various aspects of financial planning, programme implementation, public expenditure, and asset management with focus on fiscal prudence.
  • To take up specialized research and studies of immediate and long-term relevance to government and other public sector entities on demand and suo-motto.
  • To produce easy to use reference manuals, templates, tools and standards for policy analysis, investment appraisal, risk assessment, performance monitoring methods and institutionalise the same.
  • To capture, document and disseminate next best practices relating to good economic governance across the government operations and to help the departments in ensuring value for money spent.
  • To provide and manage the necessary physical infrastructure and managerial resources efficiently to facilitate such training and research on an ongoing basis.

Last Updated: 18-09-2021 03:51 PM Updated By: Admin

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