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Compliance Financial
Maharashtra

Report of 2012 – Compliance and Financial Audit on State Finances of Government of Maharashtra

Date on which Report Tabled:
Thu 18 Apr, 2013
Date of sending the report to Government
Government Type
State
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Sector -

Overview

Maharashtra is the second largest State in India, both in terms of population and geographical area. The State has shown higher economic growth in the  past decade as the compound annual growth rate of its Gross State Domestic Product for the period 2002-03 to 2011-12 has been 17.17 per cent as  compared to 14.46 per cent in General Category States. The population below the poverty line in Maharashtra is lower than the average of General Category States. During the above mentioned period, its population grew by 17.23 per cent against 13.90 per cent in General Category States. The per capita income compound annual growth rate in Maharashtra (15.12per cent) has been higher than that of the General Category States (13.09 per cent) in the current decade.

This Report on the Finances of the Government of Maharashtra is being brought out with a view to objectively assess the financial performance of the State during 2011-12 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 Budgetary Management Act, 2005 and in the Budget Estimates of 2011-12.

Based on the audited accounts of the Government of Maharashtra for the year ended March 2012, this Report provides an analytical review of the Annual Accounts of the Government. The Report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of the Maharashtra Government's fiscal position as on 31 March 2012. It provides an insight into trends of committed expenditure and the borrowing pattern, besides giving a brief account of Central funds transferred directly to the State implementing agencies, without routing it through the State budget.
Chapter II is based on audit of Appropriation Accounts and gives a grant- by-grant description of appropriations and the manner in which the allocated resources were managed by the service delivery departments.
Chapter III is an inventory of the Maharashtra Government's compliance with various reporting requirements and financial rules. The report also compiles the data collated from various Government departments/ organisations in support of the findings.

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