functions of Finance Department in detail may be seen at No.VIII
of the Schedule of the Government of Mizoram (Allocation of Business)
Rules, 1987 (Notification No. J.12011/11/87-POL, dt.20/2/1987) which
allocated 28 subjects to the Department. The procedures followed
in the discharge of its allocated duties are provided under Rule
31 to 36 of the Government of Mizoram (Transaction of Business)
The allocated subjects include:
powers and delegation thereof; Rules relating to pay, allowances
and TA; Implementation of pay committee recommendations; Advances;
Embezzlement and financial irregularities; Write off; Matter relating
to Treasuries; Security deposits; MF&AS Rules; financial aspects
of service rules; GIA and Scholarship; interpretation of FR &
SR and Civil Service Regulations having financial implications;
All budgetary matter including control of expenditure; Internal
Audit; Bank/ development of Bank; Pension, DCRG; GPF; Lottery;
Insurance schemes of Govt. servants; Discretionary grants rules
and procedures; etc.
per the provisions of Government of Mizoram (Transaction of Business)
Rules, 1987, Finance Department is required to do the followings:
- framing and administering, in consultation with
DP&AR, of Rules regulating the pay, leave and pensions, and
Rules regulating the number, gradings or cadre and emoluments
of posts under the State [Rule 31(i)].
-advise on the financial aspects of all transaction
relating to loans granted by the State[Rule 31 (ii)].
-responsible for proper utilization, regulation,
etc of Provident Fund deposits and advances made to Government
officials, etc [Rule 31(iii)].
-shall examine and report on all proposals for the
increase or reduction of taxation [Rule 31(iv)].
-shall examine and report on all proposals for borrowings
by the State, shall raise loans, etc [Rule 31(v)].
--responsible for laying down financial rules for guidance
of other Departments. May also take appropriate action to enforce
accountability [Rule 31(vi)].
-preparation of an
estimate of the total receipts and disbursements of the State
in each year and responsible for watching the state of the State
Government's balances and their ways and means of operations [Rule
-It shall prepare a statement of estimated revenue
and expenditure and any supplementary estimates or demands to
be laid before the Legislature in each year [Rule 31(viii) (a)].
For these purpose, it shall obtain from the Departments concerned
materials on which to base its estimates [Rule 31 (viii) (b)].
It examines and advises on all schemes of new expenditure, and
declines to provide in estimates for any scheme which has not
been so examined [Rule 31 (viii) (c)].
-On the basis of report from Audit Officer, it shall
requires the Department concerned to obtain sanction or not to
incur further expenditure [Rule 31 (ix)].
-On receipt of report that a Financial Rules has
been contravened or a financial irregularity has been committed,
it shall take steps to enforce the rule or to stop or rectify
the irregularity [Rule 31 (x)].
-Shall lay before Committee on Public Accounts the
report of C&AG and shall bring to the notice of the Committee
all unauthorized expenditure and financial irregularity [Rule
-Shall advice the Departments responsible for collection
of revenue regarding the progress of collection and method of
collection [Rule 31 (xii)].
-The Department shall be consulted upon all proposals
to sanction, relaxation of financial rules and before final orders
are passed in any case of serious financial irregularity [Rule
Finance Department may make Rules to govern the financial
procedure in general in all Departments [Rule 37]