Report of The Eleventh Finance Commission (for 2000-2005)

The Eleventh Finance Commission was constituted on 3rd July, 1998 with the mandate to give its report by 31st December, 1999 covering the five year period 2000-2005. This Commission, for the first time, was required to review the state of the finances of the Union and the States and suggest ways and means by which the governments, collectively and severally, may bring about restructuring of the public finances so as to restore budgetary balance and maintain macro economic stability.