Audit Reports
Maharashtra
Report of 2010 – Compliance, Financial and Performance Audit on State Finances of Government of Maharashtra
Overview
Maharashtra is the second largest State in India both in terms of population and geographical area. Gross State Domestic Product (GSDP) of the State has been growing at a higher compound annual growth rate of 14.18 per cent as compared to the General Category States. Yet, population below poverty line in Maharashtra (35.7 per cent) is much more than the average of the General Category States.
This Report on the Finances of the Government of Maharashtra is being brought out with a view to assess objectively the financial performance of the State during 2009-10 and to provide the State Government and 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 Fiscal Responsibilities and Budget Management (FRBM) Act, 2005 and in the Budget estimates of 2009-10.
The Comptroller and Auditor General (C&AG) has been commenting upon the Government's finances for over four years since the FRBM legislation. Since these comments formed part of the Civil Audit Report, it was felt that the audit findings on State Finances remained relatively obscure in the large body of audit findings on compliance and performance audits. Accordingly, from the year 2009 onwards, the C&AG decided to bring out a separate volume titled "Report on State Finances". This Report is the second in this endeavour.