Audit Reports
Goa
Report of 2011 - Compliance and Financial Audit on State Finances of Government of Goa
Overview
Goa was liberated from the Portuguese Rule and incorporated with the Indian Union as a Union Territory with legislative assembly in 1962. It was granted Statehood on 30 May 1987. Goa has a land area of 3,702 sq.km. and a coastline of 104 km. It has two districts, 12 talukas and 359 villages, with a population density of 394 persons compared to the all India average of 382 persons per sq.km. It has one of the highest literacy rates (87.40 per cent) among the States of the country. The infant mortality rate and the population living below poverty line are low as compared to the all India average. During the past decade, the state has demonstrated a higher economic growth rate (17.55 per cent) as compared to General Category States (14.68 per cent). During 2001-02 to 2010-11 the population of the state grew by 8.17 per cent against 17.56 per cent in General Category States. The per capita income compound annual growth rate of the State (16.27 per cent) was higher than that of the General Category States (11.32 per cent) in the current decade.
This Report on the Finances of the Government of Goa is being brought out with a view to assessing objectively, the financial performance of the State during 2010-11 and to provide the State Government and the State Legislature with timely inputs based on audit analysis of financial data.In order to give a perspective to the analysis, an effort has been made to compare the achievements with the targets envisaged by the State Government in the Fiscal Responsibility and Budget Management Act, 2006 and Rules, 2007 as well as the budget estimates of 2010-11.
Based on the audited accounts of the Government of Goa for the year ended March 2011, this Report provides an analytical review of the Annual Accounts of the State Government. This Report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of the Government's fiscal position as on 31 March 2011. It provides an insight into trends of committed expenditure and borrowing pattern, besides giving a brief account of Central funds transferred directly to the State implementing agencies through the off-budget route.