Audit Reports
Financial
Civil
Report No. 1 of 2015 - Financial Audit on Union Government Accounts for the year 2013-14 of the Union Government
Date on which Report Tabled:
Mon 25 May, 2015
Date of sending the report to Government:
Government Type:
Union
Union Department
Civil
Sector
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Overview
Union Government Finances and Accounts: 2013-14
This Report discusses the comments of the Comptroller and Auditor General of India (CAG) on the accounts of the Union Government and analyses the finances of the Union Government for the year 2013-14. It also contains an analysis of the Appropriation Accounts and audit observations with regard to the accounts of the Union Government for the year 2013-14.
HIGHLIGHTS
CAG’s comments on Union Government Accounts
- The financial position of the Union Government in 2013-14 was characterised by an increase of 14 per cent in gross revenue receipts primarily on account of a substantial increase in both tax revenue receipts (10 per cent) and non-tax revenue receipts (28 per cent) over previous year. (Para 1.2, 1.2.3 and 1.2.4)
- Capital expenditure was 1.76 per cent of GDP, well below the 3.9 per cent level set out for the year in the fiscal consolidation path set out by the Thirteenth Finance Commission. Of the total capital expenditure, 40 per cent was accounted for by Defence. (Para 1.1.2 and 1.3.3)
- Analysis of plan expenditure of civil ministries revealed that 75 per cent of the total plan expenditure was in the form of grants-in-aid payment. In five of the 10 Ministries/ Departments incurring the largest plan expenditure, over 98 per cent was in the form of disbursement as grants-in-aid. (Para 1.3.5 and 1.3.7)
- Out of the total receipts of Rs. 7,896.39 crore towards Universal Access Levy during the year 2013-14, the Department of Telecommunications transferred Rs. 2,163.45 crore to the Universal Service Obligation Fund (USO Fund) which was further disbursed towards the stated objectives. Non-transfer of balance amount in USO Fund resulted in under-statement of the closing balance of the USO Fund by Rs. 5,732.94 crore for the financial year 2013-14. Overall understatement of the closing balance in the USO Fund was of the order of Rs. 33,682.86 crore during 2002-03 to 2013-14. (Para 2.2.1)