Is a GST Council-like federal body for public expenditure a good idea?

The GST Council, chaired by the union finance minister, comprises finance ministers of all states

The Economic Advisory Council to the Prime Minister (EAC-PM) has recommended a GST Council-like mechanism for the Centre and states to oversee public expenditure. This is not the first time such a call has been made.

Earlier, former finance minister Arun Jaitley had highlighted the need for such a body. He had made a case for setting up such federal institutions to promote healthcare, rural development and agriculture sectors by optimally utilising resources of the Centre and states.

According to a report in The Indian Express, EAC-PM chairman Bibek Debroy has made a similar request, but in the larger domain