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Financial
Meghalaya

Report No.1 of 2022 - State Finances Audit Report for the year ended 31 March 2021, Government of Meghalaya.

Date on which Report Tabled:
Fri 16 Sep, 2022
Date of sending the report to Government
Wed 08 Jun, 2022
Government Type
State
Sector Finance

Overview

Based on the audited accounts of the Government of Meghalaya for the year ending
31 March 2021, State Finances Audit Report have been prepared. This report provides an analytical review of the Annual Accounts of the Government of Meghalaya. This report is structured in five chapters.

Chapter-I describes the basis and approach to the Report and the underlying data, provides an overview of structure of government accounts, budgetary processes, macro-fiscal analysis of key indices and State’s fiscal position including the deficits/ surplus.

Chapter-II provides a broad perspective of the finances of the State, analyses the critical changes in major fiscal aggregates relative to the previous year, overall trends during the period from 2016-17 to 2020-21, debt profile of the State and key Public Account transactions, based on the Finance Accounts of the State.

Chapter-III is based on the Appropriation Accounts of the State and reviews the appropriations and allocative priorities of the State Government and reports on deviations from Constitutional provisions relating to budgetary management.

Chapter-IV comments on the quality of accounts rendered by various authorities of the State Government and issues of non-compliance with prescribed financial rules and regulations by various departmental officials of the State Government.

Chapter-V presents the financial performance of ‘Government Companies’, ‘Statutory Corporations’ and ‘Government Controlled Other Companies’.

This report also has an appendage of additional data collected from several sources in support of the findings.

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