Home >> News in English

27 July 2024   Admin Desk



CG NEWS: CAG reports sees red in fiscal management

RAIPUR,CG: The total savings amounted to ₹17,266.78 crore (13.92 per cent of total grants/ appropriation), and ₹18,959.11 crore was surrendered. Out of the total surrender of ₹18,959.11 crore, amount of ₹18,881.51 crore (99.59 per cent) was surrendered in the month of March, hence leaving no scope for utilisation of these funds for other developmental purposes, states CAG audit report.

Chhattisgarh Forest Minister Kedar Kashyap tabled the report for March 2023 in the House during the monsoon session of state assembly.

Report says since the Government could not fully utilise the original provision, the supplementary provision of ₹11,445.78 crore proved unnecessary.

The State Government has net off-budget liabilities of ₹7,161.32 crore in addition to total budgeted liabilities of ₹1,01,696.43 crore. However, the budget documents of the State Government for the year 2018-19 to 2022-23 did not disclose any off-budget borrowings.

Out of the total 3,836 Sub-Heads, reasons for variation were required in respect of 1,457 Sub-Heads. However, appropriate reasons for variations in 946 Sub-Heads were not provided by the Controlling Officers of Government Departments.

There was an excess expenditure of ₹3,630.60 crore over the authorisations made by the State Legislature under one Grant and two Appropriations during the financial year 2022-23. Excess expenditure of ₹17,436.39 crore over provision for the years 2000-01 to 2021-22 is yet to be regularised as required under the Constitution of India.

12 Departments of the Government of Chhattisgarh had not submitted DC bills for ₹306.67 crore against 471 AC Bills. 131 PD accounts were in existence and the closing balance in these accounts was ₹1,364.20 crore.

Chhattisgarh Housing Board (CHB) availed loans of ₹800 crore and ₹195 crore against the total guaranteed amount of ₹800 crore and ₹195.00 crore respectively. The State Government repaid interest and principal of ₹472.14 crore through budget on the above loans.

Similarly, Chhattisgarh Police Housing Corporation Limited (CPHCL) availed a loan of ₹644.54 crore against total guaranteed amount of ₹800 crore which through the budget the principal and interest of ₹273.95 crore was repaid.

Further, State Urban Development Agency (SUDA) availed a loan of ₹1,525 crore out of total guaranteed amount of ₹3,357 crore. Budget provision of repayment of ₹318.60 crore towards interest and principal was made.

Chhattisgarh Road and Infrastructure Development Corporation Limited (CGRIDCL) availed a loan of ₹1,500.87 crore during the year 2022-23 against the total guaranteed amount of ₹5,225 crore. The State Government has repaid interest of ₹53.67 crore.

Further, Chhattisgarh Rural Housing Corporation has availed the total loans of ₹1,792.44 crore (₹1,000 crore from Canara Bank and ₹792.44 crore from NABARD) against the total guaranteed amount of ₹3,427.28 crore, the amount as interest and principal of ₹567.27 crore was repaid.

Chhattisgarh Government has assured to repay the liabilities (Principal along with interest thereon) of Chhattisgarh Power Generation Company (CSPGCL) (₹1,000 crore) and Chhattisgarh Power Transmission Company (CSPTCL) (₹500 crore) through budget provision. The State Government has repaid interest and principal of ₹183.45 crore and ₹116.55 crore of CSPGCL and CSPTCL respectively through budget.



Photo Gallery

Advertisement

Trending News

Important Links

© Bharatiya Digital News. All Rights Reserved. Developed by TechnoDeva