Compliance Financial
Haryana

Report of 2011 - Compliance and Financial Audit on State Finance of Government of Haryana

Date on which Report Tabled:
Thu 23 Feb, 2012
Date of sending the report to Government:
Government Type:
State
Sector Finance

Overview

 In July 2005, the 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 re venue/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 2011, this Report provides an analytical revi ew 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 on 31 March 2011. 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.

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