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The Haryana Challenge
Swarna Jayanti Haryana Institute for Fiscal Management (SJHIFM) is one of its kind initiatives in India in the field of Public Economy and Policy. It is meant to serve as a premier research institute of the State in the field of Public Economy & Policy.
The Institute aims to strengthen the State’s capacity on issues concerning Public Financial Management. It also play a key role to provide state of the art advice to the Government of Haryana.
Indian economy and governance systems are changing at a fast pace, throwing a bigger challenge for the State Governments to respond in equal measure. For a modern and responsive Finance Department at the State level, it is important that “informed” decision making within government including up to local bodies based on consistent and transparent governance processes is put in place.
Drawing its mandate from the 5th State Finance Commission Report and the Sustainable Development Goals 2030 VISION of Haryana, the vision of SJHIFM would be to work as a ‘Policy Think Tank’ for the State of Haryana, and aim to upgrade/build the internal State stakeholders capacity through structured training and research programme. It will achieve this by forging partnerships and engagement with experts from various fields and from the Universities / Institutes of National and International level.
The Institute has been registered under the Haryana Registration and Regulation of Societies Act, 2012 on 03.11.2016.
The Governing body of the Institute is headed by Hon’ble Chief Minister, Haryana as a Chairman, Finance Minister, Haryana as Vice Chairman, Chief Secretary, Government of Haryana as President, Administrative Secretaries of Revenue, Finance & Planning, Excise & Taxation, Urban Local Bodies, Development & Panchayats and other officers of Finance Department as Members of the Society and Director of the Institute as a Member Secretary.
The Director of the Society is responsible for the proper administration of the affairs of the Society under the direction and guidance of the Governing Body of the Society. Under the supervision of the Director, there will be three major wings comprises of Research Wing, SDGCC Wing and Administrative Wing. The Research wing comprises of Public Resource Management (PRM), Public Expenditure Management (PEM), Public Debt Management (PDM), State Finance Commission (SFC) and Programme Evaluation. These wings will work together to achieve the objectives and goal of the Institute (SJHIFM).