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CAG raps Maharashtra government for poor financial management

CAG raps Maharashtra government for poor fiscal management
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The Comptroller and Auditor General of India (CAG) has accused the Maharashtra government of deficient financial management,  in its the report on the state for 2014-15, CAG has said the state government has gone in for unnecessary or excessive supplementary provisions which have largely remained unused.

The report has also highlighted 612 sub-heads from the budget documents in which 50 per cent of the total expenditure was incurred in the last month of financial year (March 2015). “After the close of the financial year, the supplementary appropriations found to be unnecessary or excessive will be commented as an irregularity in the Appropriation Accounts,” the CAG report said.

As per the report, supplementary provisions aggregating Rs 12,586.98 crore obtained in 43 cases — Rs 10 crore or more in each case — during the year proved unnecessary as the actual expenditure was less than the original provision. The original provision was around Rs 1.22 lakh crore while the actual expenditure was about Rs 1.06 lakh crore.


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