Audit Reports
Meghalaya
Report of 2011 - Compliance, Financial and Performance Audit on State Finance of Government of Meghalaya
Overview
This Report on the Finances of the Government of Meghalaya is being brought out with a view to assess objectively the financial performance of the State during the year 2010-11. The aim of this Report is to provide the State Government with timely inputs based on actual data so that there is a better insight into both well performing as well as ill performing schemes/programmes of the Government. To give a perspective to the analysis, an effort has been made to compare the achievements with the targets envisaged by the State Government in the Budget estimates of 2010-11 and projections made by the Twelfth/Thirteenth Finance Commissions. Based on the audited accounts of the Government of Meghalaya for the year ending March 2011, this report provides an analytical review of the Annual Accounts of the State Government. The report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of Meghalaya Government's fiscal position as on 31 March 2011. It provides an insight into trends in committed expenditure, borrowing pattern besides a brief account of central funds transferred directly to the State implementing agencies through off-budget route. Chapter II is based on audit of Appropriation Accounts and it gives the 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 Meghalaya Government's compliance with various reporting requirements and financial rules.
The fiscal position of the State viewed in terms of key fiscal parameters - revenue surplus, fiscal deficit, primary deficit - indicated that though the State successfully maintained revenue surplus during the last five-year period ending 2010-11, compared to the previous year, it declined during 2010-11. The fiscal deficit of die State has also significantly increased during 2010-11 compared to the previous year and the primary surplus of2009-10 turned into a primary deficit.