BUDGET 2026-27
Grama Panchayat Financial Report Structure
1. Key Revenue Receipts (Form KPB-4 to KPB-7)
LegitQuest
Own Source Tax Revenue (KPB-4): Property Tax, Profession Tax, Entertainment Tax, Trade License Fees.
Slideshare
- Non-Tax Revenue (KPB-5): Building Permit Fees, Rent from Panchayat Assets, Dangerous & Offensive (D&O) License Fees, Auction proceeds.
State & Central Grants (KPB-6):
LegitQuest
- Development Fund: Untied funds for local plan projects.
- Maintenance Fund: Allocated separately for Asset Maintenance (Roads) and Non-Road Assets.
- General Purpose Fund: Revenue for operational expenses, honorariums, and administration.
- Central Finance Commission (CFC) Grants: Basic (Untied) and Tied grants (Sanitation, Drinking Water).
2. Sectoral Allocation Framework (Annual Plan - Form KPB-11)
LegitQuest
Panchayat development outlays are systematically divided across three main sectors:
| Sector | Core Focus Areas | Minimum Mandated Allocation |
|---|---|---|
| Productive Sector | Agriculture, Animal Husbandry, Dairy, Soil & Water Conservation, Local Employment | ~10%–15% |
| Service Sector | Public Health, Anganwadis, Drinking Water, Education, Sanitation, Waste Management | Broad allocation |
| Infrastructure Sector | Rural Roads, Bridges, Footpaths, Public Building Maintenance, Street Lighting | Subject to caps |
| Mandatory Sub-Plans | SCP (Scheduled Caste Plan), STP (Scheduled Tribe Plan), Women Component Plan (WCP) | Mandatory targeted outlays |
3. Mandatory Budget Documents & Annexures
LegitQuest
To comply with statutory norms, a complete Grama Panchayat Budget presentation must include:
- Budget Speech (President): Strategic vision outlining priority welfare schemes and infrastructure goals for the fiscal year.
Form KPB-1: The main financial statement comparing Previous Year Actuals, Current Year Revised Estimates, and Next Year Budget Estimates.
LegitQuest
- Performance Budget (Form KPB-3): Physical targets vs. actual physical achievements for major developmental projects.
- Gender & Vulnerable Groups Budgeting Statement: Breakdown of projects targeted for women, children, aged, and differently-abled individuals.
DPC Approval: Project allocations approved by the District Planning Committee.