CAG finds fault with langa govt on poor management of finances

[DiscoKing]

The Comptroller and Auditor General (CAG) in its report on Telangana finances for the period ended March 2016 has observed “fiscal deficit, which stood at 3.23 per cent of Gross State Domestic Product, is understated by ₹3,719 crore by crediting budget borrowings to revenue receipts.”
This would have the effect of increasing the ratio of fiscal deficit to GSDP from 3.23 per cent to 3.87 per cent, the auditor said.
‘Unrealistic assumptions’
On financial management and budgetary control, CAG pointed out many instances of unrealistic budgetary assumptions and weaknesses in expenditure monitoring and control during the year.
The actual expenditure of ₹1,04,098 crore incurred was less than the budget provision of ₹1,39,360 crore and savings for the current year stood at ₹35,262 crore (25 per cent).
It further stated that several policy initiatives taken up by the government remained either unfulfilled or were partially executed, primarily due to non-approval of the scheme guidelines, non-commencement of works for want of administrative sanction and poor project implementation, apart from non-release of funds.
‘Poor management’
There were unrealistic budgetary allocations resulting in substantial savings, unnecessary supplementary grants, expenditure incurred without provision and excess re-appropriations, were indicative of poor budget management.
The auditor stated that there was non-reconciliation of 57 per cent (₹53,884 crore) of the total expenditure and 52 per cent (₹39,360 crore) of the total receipts with the books of the Accountant General during the year.
 
The state registered revenue surplus of ₹238 crore during 2015-16 and overstated due to misclassification of grants in aid under capital heads and crediting of budget borrowings of ₹3,719 crore to revenue receipts.
 

[DiscoKing]

bangaru TG 

[DiscoKing]

[Annayya_fan]

long live kcr 

[DiscoKing]

Just now, Annayya_fan said:

long live kcr 

turaqs ki 9% reservation anta ga 

[psycopk]

21% growth...india lo no1, 2011 lo ap budget kante ekuva ani dora cheptunte... mee andhrolla media maa meda edupu tho idi anta rastunaru.. #muttonbiryani

[Annayya_fan]

3 minutes ago, DiscoKing said:

turaqs ki 9% reservation anta ga 

vani istam vachinatu cheste SC inko mottikaya ready 

[psycopk]

Just now, Annayya_fan said:

vani istam vachinatu cheste SC inko mottikaya ready 

lol... SC oka court ... adi ichedi oka terupu... comedy seyaku samara... TN lo 70% reservations ela untai...

karnataka tamilnadu ki water enduku aputundi...

SC ala untadi ante..

[DiscoKing]

1 minute ago, Annayya_fan said:

vani istam vachinatu cheste SC inko mottikaya ready 

SC androladhi maa court maagavle

[zoolakataka_14]

Just now, DiscoKing said:

SC androladhi maa court maagavle

theesko aithe 

[DiscoKing]

4 minutes ago, psycopk said:

21% growth...india lo no1, 2011 lo ap budget kante ekuva ani dora cheptunte... mee andhrolla media maa meda edupu tho idi anta rastunaru.. #muttonbiryani

CAG androladhi anatara ankul ipudu modhu langas?

[Annayya_fan]

1 minute ago, psycopk said:

lol... SC oka court ... adi ichedi oka terupu... comedy seyaku samara... TN lo 70% reservations ela untai...

karnataka tamilnadu ki water enduku aputundi...

SC ala untadi ante..

are you sure?? 50% limit datakudadu according to rajyamgam

[Annayya_fan]

1 minute ago, DiscoKing said:

SC androladhi maa court maagavle

telgangana desam vachaka kattukuntarule 

[psycopk]

2 minutes ago, Annayya_fan said:

are you sure?? 50% limit datakudadu according to rajyamgam

rajyamgam aa lavada na..

[Annayya_fan]

Just now, psycopk said:

rajyamgam aa lavada na..

kcr cheppina rajyamgama rajyamgam jp goru cheppina rajyamgama