Financial
Bihar

Report of 2014 - Report of the Comptroller and Auditor General of India (State Finances) for the year ended 31st March 2014 Government of Bihar

Date on which Report Tabled:
Tue 07 Apr, 2015
Date of sending the report to Government
Government Type
State
Sector Finance,Science and Technology,Information and Communication,Environment and Sustainable Development,Art, Culture and Sports,Agriculture and Rural Development,Social Welfare,Education, Health & Family Welfare

Overview

This Report on the finances of the Government of Bihar intends to objectively assess the financial performance of the State during 2013-14 and to provide the State Legislature with proper inputs based on audit analysis of financial data. In order to put this analysis in a proper perspective, a broad comparison of targets envisaged by the Bihar Fiscal Responsibility and Budget Management (Amendment) Act, 2010, the Thirteenth Finance Commission (ThFC) Report and the Budget Estimates of 2013-14 have been attempted.

Based on the audited accounts of the Government of Bihar for the year ended March 2014, this Report provides an analytical review of the Annual Accounts of the Government. The Report is structured in three Chapters.

Chapter-I is based on the audit of the Finance Accounts and makes an assessment of the Bihar Government's fiscal position as on 31 March 2014. It analyses the significant changes in major fiscal aggregates as compared to the previous year. It also provides an insight into trends in expenditure on interest payments, salaries and wages, pensions, subsidies and repayment of debt and borrowing patterns besides giving a brief account of Central funds transferred directly to State implementing agencies through the off-budget route.

Chapter-II is based on the audit of Appropriation Accounts and gives grant wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. It also contains detailed review of two grants namely Grant No. 02- 'Animal and Fisheries Resource Department' and Grant No. 18- 'Food and Consumer Protection Department'. It seeks to ascertain whether the expenditure actually incurred under the various grants is within the authorization given under the Appropriation Act.

Chapter-III is an inventory of the Bihar Government's compliance with various reporting requirements and financial rules. The report also compiles the data collected from various Government departments/organizations in support of the findings. Audit findings

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