Compliance Financial
Haryana

Report of 2010 - Compliance and Financial Audit on State Finances of Government of Haryana

Date on which Report Tabled:
Fri 04 Mar, 2011
Date of sending the report to Government:
Government Type:
State
Sector Finance

Overview

In July 2005, Haryana Government enacted the Fiscal Responsibilities and Budget Management (FRBM) Act. It laid down a reform agenda through a fiscal correction path in the medium term with the long term goal of securing growth with stability for its economy. The Government's commitment to carry forward these reforms is reflected in the policy initiatives announced in its subsequent budgets. The benefits of legislation of the FRBM Act have been realised to some extent in terms of reducing revenue/fiscal deficit and minimising liabilities. However, a host of institutional and sectoral reform measures will go a long way in building up the much needed 'fiscal space'for improving the quality of public expenditure and to promote fiscal stability. The Government has done well in establishing an institutional mechanism on fiscal transparency and accountability.

Based on the audited accounts of the Government of Haryana for the year ended March 2010, this Report provides an analytical review of the Annual Accounts of the Government. The Report is structured in three Chapters.
                 
Chapter 1 is based on the audit of Finance Accounts and makes an assessment of the Haryana Government's fiscal position as at 31 March 2010. It provides an insight into trends of committed expenditure and borrowing patterns besides giving a brief account of Central funds transferred directly to State implementing agencies through the off-budget route.                   
Chapter 2 is based on audit of Appropriation Accounts and gives a grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments.                             
Chapter 3 is an inventory of the Haryana 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.

Download Audit Report

Back to Top