Audit Reports
Goa
Report of 2012 - Compliance and Financial Audit on State Finances of Government of Goa
Overview
Goa was liberated from the Portuguese rule and incorporated with the Indian Union as a Union Territory with Legislative Assembly in 1962. It was granted Statehood on 30 May 1987. The social indicators of the State viz., literacy rate, rate of infant mortality and life expectancy were better off than the all India average. During 2002-03 to 2011-12, the State has demonstrated a higher economic growth rate (16.64 per cent) as compared to General Category States (13.09 per cent). During this period the population of the State grew by 8.17 per cent and the density of population increased from 258 persons per sq km to 394 persons per sq km. The State had a higher per capita income on account of higher GSDP growth rate.
This Report on the Finances of the Government of Goa is being brought out with a view to objectively assess the financial performance of the State during 2011-12 and to provide the State Government and the 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 Responsibility and Budget Management Act, 2006 and Rules, 2007 as well as the budget estimates of 2011-12.
Based on the audited accounts of the Government of Goa for the year ended March 2012, this Report provides an analytical review of the Annual Accounts of the State Government. This 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 2012. It provides an insight into trends of committed expenditure and borrowing pattern, besides giving a brief account of Central funds transferred directly to the State implementing agencies through the off-budget route.
Chapter II is based on audit of Appropriation Accounts and gives a grant-by-grant description of appropriations and the manner in which the allocated resources were managed by the service delivery Departments.
Chapter III is an inventory of the Government's compliance with various reporting requirements and financial rules. The report also compiles the data collected from various Government Departments/organisations in support of the findings.