According to the Kerala Panchayat Raj Act, the primary duties and powers of the Finance Standing Committee in the Block Panchayat are as follows:

📊 Budget & Financial Control

Lead the preparation of the Block Panchayat's annual and revised budgets, review budget proposals, and submit recommendations to the governing body.
Ensure financial discipline by constantly reviewing financial transactions, income, and expenditure accounts.
Suggest efficient ways to mobilize funds, grants, and other revenue sources due to the Block Panchayat.

📑 Audit & Financial Supervision

Review audit reports and audit objections of the Block Panchayat and take necessary follow-up actions.
Ensure that funds allocated for projects are utilized on time and in accordance with the rules.
Provide suggestions to curtail and control expenditures to avoid financial irregularities.
Ensure the financial maintenance of properties and assets under the custody of the Block Panchayat.
Perform other financial duties assigned by the Block Panchayat Committee.