Aizawl (Mizonews.Net): The Principal Account General held a press briefing on Auditing Reports for the year 2011-12 today afternoon at the Conference Hall office of the Principal Accountant General here in the state capital.
The report of the PAG was based on three Audit Reports,. ie State Finances , Social. Economic , Economic ( PSUs), General and Revenue and Annual Technical Inspection Report on Urban Local body of the Comptroller and Auditor General of India for the year ended 31st March 2012.
A summarized version of the more important issues of the three Audit Reports of the Comptroller and Auditor General of India relating to the Government of Mizoram for the year ended 31 March 2012 are annexed herewith.
Report on State Finances that summary of Current Year’s Fiscal Operations that GSDP of the State registered a higher growth of 15.41 percent in 2011-12 as a against a growth of 7.80 percent in 2010-11. The Significant changes during 2011-12 over the previous year was that revenue receipts increased to Rs.3,824.90 crore in 2011-12 from Rs.2,855.37 crore in 2010-11 ( ie 33.95% crore) and Central share of Taxes ( Rs.375.72 crore). The revenue receipt ( Rs.3,824.90 crore) was also higher by Rs.76.60 crore ( 2.04%) than the assessment made by the state Government in its fiscal correction path ( FCP) ( Rs.3748.30 crore). Revenue Expenditure increased by Rs.441.09 crore ( 13.55%) while capital Expenditure decreased by Rs.14.44 crore ( 2.35%) over the previous year. Cash balance of the State decreased by Rs.26.34 crore ( 11.90%) over the previous year , however , the investments from cash balances increased from Rs.211.45 crore in 2010-11 to Rs.292.51 crore in 2011-12.
The total expenditure of the state increased progressively from Rs.2,458.75 crore in 2007-08 to Rs.4,331.12 crore in 2011-12 at an annual average rate of 14.72% and increased by 11.02% from 3,900.82 crore in 2010-11 to Rs.4,331.12 crore in 2011-12. Of the total expenditure during 2011-12, the revenue expenditure ( Rs.3,697.33 crore) constituted 85.37% while capital expenditure ( Rs.600.27 crore) constituted 13.85% while loan and advances ( Rs.33.52 crore) formed 0.77 percent.
While fiscal deficit decreased by Rs.541.06 crore , primary deficit had decreased by Rs.710.63 crore over the previous year. The overall fiscal liabilities of the state increased at an average annual rate of 6.93percent during the period 2007-12. During the cuurent year , the overall fiscal liabilities of the state government increased by 51.59 crore ( 1.15%) from Rs.4,4,96.86 crore in 2010-11 to Rs.4,548.45 crore in 2011-12. The increase in fiscal liabilities was mainly due to increase in the Public Accountant liabilities by Rs82.60 crore and loans and advances by Rs.4.25 crore, offset by a decrease in Internal debt by Rs35.26 crore.
As of 31 March 2012, government had invested Rs.19.77 crore in Government Companies and Co-operatives , out of which an amount of Rs.3.28 crore was invested in Government Companies and Rs.16.49 crore was invested in Co-operative Societies. During the current year, state Government invested only Rs.0.50 crore in Public sector and other Undertaking of governments companies. No dividend was received during 2011-12 report added.
The state government had guaranteed loans raised by various corporations and other which at the end of 2011-12 stood at Rs.232.18 crore. No fresh guarantees were extended in the current year.
During the current year , the sum of the quantum spread and primary deficit turned positive indicating that the debt –GSDP ratio is stable and eventually the ration would fall. During 2010-11 , expenditure of Rs.4,676.96 crore was incurred against the total grants and appropriations of Rs.5,150.67 crore, resulting in savings of Rs.473.71 crore. The overall savings were the net result of savings of Rs.476.75 crore which were offset by excess of Rs.3.04 crore.
While report on social , economic , Economics ( PSUs) , General, Revenue sector which reported as lack of appropriate action resulted in outstanding loan and interest of Rs.3.65 crore ( 83%) against the loanees.
The Health & Family Welfare Department failed to release reimbursement of Rs.10.39 crore from M/s RGICL as it refused to entertain reimbursement of medical claims preferred by the beneficiaries.
While performance Audit of implementation of Mahatma Gandhi National Rural Employment Guarantee scheme ( MGNREGS) stated that the programme officer , Bungtlang ‘S’ Block irregularly released an amount of Rs.361.19 lakh during April 2007 to September 2011 to the presidents of 27 village councils under the Block for execution of works under material component without any supporting documents.
While mentioning about Public Works Department revealed that a fraudulent payments of Rs.5.81 lakh against four nun –executed works, the Public Works Department failed to realize value of issued stores worth Rs.18.18 lakh from the firms’ bills. Non –realisation of hiring charge by the Mechanical Division , Lungli resulted in a loss of Rs.30.14 lakh to the Department. The Public Works Department made excess payment of Rs.27.21 lakh in formation cutting work under ‘ Improvement and Widening of Tlangpui to Niawhtlang Road’.
Keywords: Latest Mizoram News, Mizoram News
via NorthEast Calling - NorthEast India | India's No1 online News Magazine http://necalling.com/brief-of-mizoram-audit-reports-for-the-year-2011-12/
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