Audit Reports

Odisha

Overview

This Report on the Finances of the Government of Odisha is being brought out with a view to assess objectively the financial performance of the State during 2010-11 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 in the Fiscal Responsibilities and Budget Management (FRBM) Act, 2005 and in the Budget Estimates of 2010-11, and norms recommended by the Thirteenth Finance Commission. The Report based on the audited accounts of the State Government for the year ending March 2011, this report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed based on the FRBM Act, budget documents, Thirteenth Finance Commission (13th FC) recommendations and other financial data obtained from various Government departments and organisations. The report is structured in three chapters.

Chapter 1 is based on the audit of Finance Accounts and makes an assessment of Odisha Government's fiscal position as of 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 and resources generated through public private partnership mode. Chapter 2 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. Besides, comments arising out of audit of budgetary process and budget assumptions and outcome of inspection of treasuries have also been made in chapter-2. Chapter 3 is an inventory of Government's compliance with various reporting requirements and financial rules. The report also has an appendage of additional data collected from several sources in support of the findings. Appendix 4.1 at the end gives a glossary of selected terms related to State economy, as used in this report.

Amendment to the State FRBM Act: The 13lh FC recommended amendment to the State FRBM Act incorporating there in the continuation of the already achieved zero revenue deficit, setting a target of three per cent of fiscal deficit by 2011-12, a feature of independent review / monitoring system, projection of Revenue Consequences of Capital Expenditure (RCCE) in the Mid Term Fiscal Plan (MTFP), public private partnerships (PPP) and related liabilities and bringing out statements on physical and financial assets and vacant public land and buildings. However, the FRBM Act was yet to be amended (October 2011). Government may initiate steps for amending the Act incorporating there in the issues raised by the 13th FC for a better monitoring of expenditure and enhanced grip over the State finances.

Download Audit Report

• Report of 2011 - Full Report
  _{(3.44 MB) Download}

• Preface
  _{(0.11 MB) Download}
• Executive Summary
  _{(0.19 MB) Download}
• Chapter 1 - Finances of the State Government
  _{(1.39 MB) Download}
• Chapter 2 - Financial Management and Budgetary Control
  _{(0.35 MB) Download}
• Chapter 3 - Financial Reporting
  _{(0.30 MB) Download}
• Appendices
  _{(1.82 MB) Download}