Financial
Uttar Pradesh

Report of the Comptroller and Auditor General of India on State Finances for the year ended 31 March 2012 Government of Uttar Pradesh

Date on which Report Tabled:
Tue 05 Mar, 2013
Date of sending the report to Government
Government Type
State
Sector Finance,Environment and Sustainable Development,Art, Culture and Sports,Agriculture and Rural Development,Social Welfare,Defence and National Security

Overview

Based on the audited accounts of the Government of Uttar Pradesh for the year ending March 2012, this report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed based on the Fiscal Responsibility and Budget Management Act, 2004 and its Second Amendment Act, 2011, Budget Documents, Economic Review 2011-12, the Thirteenth Finance Commission Report and other financial data obtained from various Government Departments and Organisations. The report is structured in three Chapters.

Chapter I is based on the audit of Finance Accounts and makes an assessment of Uttar Pradesh Government's fiscal position as on 31 March 2012. It provides an insight into trends in overall finances of the State, Actual Expenditure vis-a-vis Budget Estimates, Committed Expenditure, Borrowing Pattern, besides a brief account of Central Funds transferred directly to the State Implementing Agencies through off-budget route. Chapter II is based on audit of Appropriation Accounts and it gives the grant-by-grant description of appropriations, preparation of Budget Estimates and the manner in which the allocated resources were managed by the service delivery Departments. Chapter III is an inventory of Uttar Pradesh Government's compliance with various reporting requirements and financial rules. The report also has an appendix of additional data collected from several sources in support of the findings. Appendix 4 at the end gives a glossary of selected items related to State economy including additional data, as used in this report.

The Government had Revenue in surplus and at the same time it contained the Fiscal Deficit to below three per cent of GSDP and the Total Liability below 46.9 per cent of GSDP at the close of the financial year 2011-12 as envisaged in FRBMAct, 2004 and Second Amendment Act, 2011. The Government should monitor Receipts and Expenditure continuously for ensuring adherence to the Act ibid. Revised Estimates and Actuals: There had been wide variations in the Revised Estimates and the Actual Expenditure due to lesser expenditure from what was estimated in the Revised Budget 2011-12, leading to improvement in key deficit indicators. Adequate measures be initiated by the Government in regard to fiscal management and continuous monitoring in order to bridge the gap between the wide variations in the Revised Estimates and Actual Expenditure.

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