Current Affairs - Banking - Discussion

The World Bank (WB) has approved a loan assistance of $44 million for the Assam State Public Finance Institutional Reforms (ASPIRe) Project. The ASPIRe project is based on three important components that act as pillars for institutional reforms - strengthening public finance institutional capacity, strengthening expenditure and revenue information systems and on project management, monitoring and evaluation, and coordination. The purpose of the project is to improve predictability and transparency in budget execution and efficiency in tax administration in Assam.