Audit Reports
Madhya Pradesh
Report of 2011 - Audit Report (State Finances) for the year ended 31 March 2011 of Government of Madhya Pradesh
Overview
In January 2006, the Madhya Pradesh Government enacted the Fiscal Responsibilities and Budget Management (FRBM) Act. It laid down a reform agenda through a fiscal correction path in the medium term with the long term goal of securing growth stability for its economy. The Government's commitment to carry forward these reforms is reflected in the policy initiatives announced in its subsequent budgets. The benefits of the FRBM legislation have been realised in terms of achieving of revenue and fiscal deficit targets relative to GSDP and keeping the ratio of total liabilities to GSDP within the ceiling limit of 40 per cent prescribed under the FRBM Act Though, the Comptroller and Auditor General (C&AG) has been commenting upon the State's Finances, the comments formed part of the civil audit report and remained camouflaged in the large body of audit findings on compliance and performance audits. In recognition of the need to bring State finances centre-stage, a stand-alone report on State Government finances was considered appropriate. Accordingly from the report year 2008-09 onwards, the C&AG decided to bring out a separate volume titled "Report on State Finances".
The ReportBased on the audited accounts of the Government of Madhya Pradesh for the year ended March 2011, this report provides an analytical review of the Annual Accounts of the State Government. The findings in the report are subject to limitation due to non-receipt of complete information relating to Personal Deposit accounts, maturity profile of debts and arrears of revenue as discussed in relevant paragraphs. The report is structured in three Chapters.
Chapter 1 is based on the audit of the Finance Accounts and gives an assessment of the Madhya Pradesh Government's fiscal position as at 31 March 2011. It provides an insight into the trends of committed expenditure and borrowing patterns, besides giving a brief account of Central funds transferred directly to the State implementing agencies through the off-budget route.
Chapter 2 is based on audit of Appropriation Accounts and gives a grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments.
Chapter 3 is an inventory of the Madhya Pradesh Government's compliance with various reporting requirements and financial rales. The report also compiles the data collated from various government departments/organisations in support of the findings.