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Audit Reports
Compliance
Financial
Jammu and Kashmir State (Upto 30-Oct-2019)
Report No. 1 of 2012 - Compliance and Financial Audit on State Finances of Government of Jammu Kashmir
Date on which Report Tabled:
Fri 05 Apr, 2013
Date of sending the report to Government:
Government Type:
State
Sector
-
Overview
This Report on the finances of the Government of Jammu and Kashmir is being brought out to assess objectively the financial performance of the State during the year 2011-12. The aim of this Report is to provide the State Government with timely input based on actual data so that there is a better insight into both well performing as well as ill performing schemes/ programmes of the Government. 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 Fiscal Responsibility and Budget Management Act, 2006 as well as in the Budget Estimates of 2011-12 and the fiscal performance during 11th Five Year Plan.
The Comptroller and Auditor General of India (C&AG) has been commenting upon the Government's finances for over five years since FRBM legislation and have already published five Reports in the past. Since these comments formed part of the Civil Audit Report, it was felt that the audit findings on State finances remained camouflaged in the large body of audit findings on compliance and performance audits. The obvious fallout of this well-intentioned but all-inclusive reporting was that the financial management portion of these findings did not receive proper attention. In recognition of the need to bring State finances to center-stage once again, a Stand-Alone Report on State Government finances is considered an appropriate audit response to this challenge. Accordingly, from the Report year 2009 onwards, C&AG had decided to bring out a separate volume titled 'Report on State Finances.' This Report is the fourth in this endeavor.
Based on the audited accounts of the Government of Jammu and Kashmir for the year ending March 2012, this report provides an analytical review of the Annual Accounts of the State Government. The Report is in three Chapters.