Who is called the Watchdog of Public Finance?

By Devyani Singh|Updated : July 18th, 2022

The Comptroller and Auditor General (CAG) of India act as the watchdog of the public purse. It is in charge of controlling the entirety of the financial system of the country. It is functional on both levels of our democracy– the Centre and the state. He is one of the bulwarks of India's democratic system of government.

Who acts as the Watchdog of Public Purse?

The Comptroller and Auditor General (CAG) acts as the watchdog of the public purse. The CAG operates as an independent authority, as stated by the Constitution of India. 

The CAG is the authorized head of the audit & account department of the Indian economy. This post is also the chief Guardian of Public purse. This institution holds the government on both levels, the Centre and the State, accountable for their spending of public funds.

This institution, like many other institutions in our country, was brought into existence by the British government. The Office of the Accountant General was founded in 1858. This was after the British crown annexed the administrative powers from the East Indian Company following the revolt of 1857. Sir Edward Drummond was appointed as the first Auditor General in 1860.

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FAQs on the Watchdog of Public Finance

  • CAG means the Comptroller and Auditor General of India. 

  • Girish Chandra Murmu is India's current Comptroller Audit General (CAG). He assumed office on 8 August 2020. He is the 14th CAG of India.

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