Audit Reports
Pondicherry
Report of 2010 - Compliance, Financial and Performance Audit on State Finances of Government of Pondicherry
Overview
This Report on the Finances of the Government of Orissa is being brought out with a view to assess objectively the financial performance of the State during 2009-10 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 Budget Management (FRBM) Act, 2005 and in the Budget Estimates of 2009-10.
The Comptroller and Auditor General (C&AG) of India has been commenting upon the Government's finances for over four years since the FRBM legislation. Since these comments formed part of the civil audit report, it was felt that the audit findings on State finances remained relatively obscure in the large body of audit findings on compliance and performance audits. Accordingly, from the report year 2009 onwards, CAG had decided to bring out a separate volume titled "Report on State Finances". This Report is the second in this endeavour. The report based on the audited accounts of the State Government for the year ending March 2010, 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 and Fiscal Correction Path of the Government, budget documents, Twelfth Finance Commission (TFC) 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 Orissa Government's fiscal position as at 31 March 2010. 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 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. 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.