Report No. 8 of 2021- State Finances Audit Report 2020-21, Government of Punjab

Date on which Report Tabled:
Wed 29 Jun, 2022
Date of sending the report to Government:
Fri 29 Apr, 2022
Government Type:
Sector Finance


In accordance with Article 151(2) of the Constitution of India, the State Finances Audit Report of the Comptroller and Auditor General of India for the year ended 31 March 2021 - Government of Punjab, was forwarded to the State Government on 29 April 2022 for laying in the State Legislature. 
The Report was laid in the State Legislature on 29 June 2022.

This Report on the finances of the Government of Punjab is brought out to assess the financial performance of the State during the year 2020-21 vis-à-vis the Budget Estimates and the targets as recommended by the Fourteenth Finance Commission. The report analyses the dominant trends and structural profile of Government’s receipts and disbursements. Recommendations of the Thirteenth Finance Commission have also been referenced, wherever required.

Based on the audited accounts of the Government of Punjab for the year ended 31 March 2021 and additional data collated from several sources such as the Economic Survey brought out by the State Government and Census, this Report provides an analytical review of the Annual Accounts of the State Government and financial performance of the State Public Sector Enterprises (SPSE) in five Chapters.

Chapter-I describes the basis and approach to the Report and the underlying data, provides an overview of structure of Government accounts, budgetary processes, macro-fiscal analysis of key indices and State’s fiscal position including the deficits/surplus.

Chapters-II and III of this Report contain audit observations on matters arising from examination of the Finance Accounts and Appropriation Accounts respectively of the State Government for the year ended 31 March 2021.

Chapter-IV comments on the quality of accounts rendered by various authorities of the State Government and issues of non-compliance with prescribed financial rules and regulations by various departmental officials of the State Government.

Chapter-V on State Public Sector Enterprises provides the analysis of Audit of State Public Sector Enterprises regarding investment, disinvestments, returns, debt servicing, performance and losses incurred, and also the CAG’s oversight on Audit of accounts of State Public Sector Enterprises.

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