Rs. 5 crore corpus fund (one time) and Rs. 1 crore recurring fund every year. The centre started functioning from April 01, 2021.The Centre for Public Finance is part of the new entity “Madras School of Economics-Institute of Special Importance” that has emerged as per Madras School of Economics Act 2020. This will function in the premise of Data Centre Land and Building to be given to MSE. Until then, it functions at the MSE premises.
The Centre will have a strong focus in theoretical and empirical issues on public finance. It would undertake both theoretical and applied research relating to fiscal management at the union, State and local levels. The important areas that will be taken up are: