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AP incorrectly booked over 700 cr expenditure: CAG
The Morning Standard
|February 09, 2024
THE CAG report for 2022-23 tabled in the Andhra Pradesh Legislative Assembly on Thursday, observed that the State government during the financial year has incorrectly booked an expenditure of 713.14 crore under the capital section instead of the revenue section, which led to the understatement of revenue expenditure of the State.
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The impact on revenue expenditure of misclassifications/non-compliance to statutory provisions on the State's finances was net understatement of revenue expenditure to the tune of 1,816.76 crore. (Nonpayment of interest under Reserve Funds and Deposits ₹536.09 crore, short contribution of government towards NPS - ₹539.94, short transfer of cess - ₹27.59) CAG observed that the State government did not furnish information on committed liabilities and also did not disclose its off-budget liabilities in the budget documents.
According to CAG, non-freezing of accounts by treasuries after closing monthly accounts may give scope for data manipulation after submission of monthly accounts to the AG office and may lead to mismatch of figures/data between AG office and the State government.
This story is from the February 09, 2024 edition of The Morning Standard.
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