Unrealistic budgetary assumptions found in Telangana finances: CAG
The CAG in its report on ‘State Finances’ of Telangana for the year ended March 2015 said evidence of unrealistic budgetary assumptions and weaknesses in expenditure monitoring and control were noticed during the year.
“The entire supplementary provision (Rs 5,359 crore) proved unnecessary as the actual expenditure (Rs 64,097 crore) incurred was less than the original budget provision (Rs 1,01,323 crore) and savings for the current year stood at Rs 42,584 crore (40 per cent). Out of the savings, Rs 24,622 crore were surrendered on March 31, 2015,” the CAG said.
Several policy initiatives taken up by the government were either unfulfilled or were partially executed, primarily due to non-approval of scheme guidelines, non-commencement of works for want of administrative sanction and poor project implementation, apart from non-release of funds, it said.
“Excess expenditure of Rs 304 crore was incurred during 2014-15 without legislative authorisation,” it said.
“Lumpsome provisions (Rs 2,555 crore) without specific details of expenditure were included in the budget for 2014-15. The entire provision was surrendered at the end of the year,” the CAG said.
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