Audit Reports

Pondicherry

Overview

Based on the audited accounts of the Government of Union Territory of Puducherry for the year ending March 2014, this Report provides an analytical review of the Annual Accounts of the Union Territory Government The Report is structured in three chapters. Chapter I is based on the audit of Finance Accounts and makes an assessment of the Government's fiscal position as on 31 March 2014. It provides an insight into trends in receipts and expenditure, committed expenditure, borrowing pattern and fiscal status of the Government, besides giving a brief account of Central funds transferred directly to the UT implementing agencies through the off-budget route. Chapter II is based on the audit of Appropriation Accounts and gives grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Chapter in is an inventory of the Government's compliance with various reporting requirements and financial rules. The Report also has additional data collated from several sources in support of the findings.

High share of revenue expenditure in total expenditure: The revenue expenditure ofRS 4,483 crore during 2013-14 constituted 92.51 per cent of total expenditure. The committed expenditure such as salaries, pension and interest payments constituted around 50 and 48 per cent of revenue receipts and revenue expenditure respectively. Inadequate priority to Development expenditure: Capital expenditure increased by RS 47 crore from RS 315 crore in 2012-13 to RS 362 crore in 2013-14 and it was 7.47 per cent of the aggregate expenditure. However, the development capital expenditure, as a percentage of aggregate expenditure decreased from eight per cent in 2012-13 to six per cent in 2013-14.

Low return on investments: As of 31 March 2014, Government invested RS 981.85 crore in Government companies and co-operative institutions. Though the average rate of interest on UT Government's borrowings was 7.7 per cent, the average rate of return on investment was around 0.5 per cent during 2009-14. High ratio of fiscal liabilities to GSDP: The outstanding fiscal liabilities increased from RS 3,887 crore in 2009-10 to RS 6,555 crore in 2013-14. The fiscal liabilities constituted about 31 per cent of GSDP in 2013-14.

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• Report of 2015 - Full Report
  _{(32.18 MB) Download}

• Index
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• Preface
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• Executive Summary
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• Chapter 1 - Finances of the Union Territory Government
  _{(10.40 MB) Download}
• Chapter 2 - Financial Management and Budgetary Control
  _{(2.35 MB) Download}
• Chapter 3 - Financial Reporting
  _{(1.91 MB) Download}
• Appendices
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• Glossary
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