State Finances Audit Report 2011-12 Sikkim

Date on which Report Tabled:
Sat 27 Apr, 2013
Date of sending the report to Government:
Government Type:
Sector Finance


This Report on the Finances of the Government of Sikkim is being presented to the State Legislature, along with the Finance and Appropriation Accounts, with a view 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 inputs 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 normative assessment made by the Finance Commission (XIII FC). A comparison has been made to see whether the State had given adequate fiscal priority to the developmental, social sector and capital expenditure and whether the expenditure had been effectively absorbed by the intended beneficiaries.

The Report Based on the audited accounts of the Government of Sikkim for the year ended March 2012, this Report provides an analytical review of the Annual Accounts of the State Government. The Report is structured in three Chapters. Chapter I is based on the audit of Finance Accounts and makes an assessment of the Government of Sikkim's fiscal position as on 31 March 2012. It provides an insight into trends in committed expenditure, borrowing pattern and a brief account of Central funds transferred directly to the State implementing agencies through off budget route. Chapter II is based on audit of Appropriation Accounts and gives the 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 Sikkim Government's compliance with various reporting requirements and financial rules. The Report also has an appendage of additional data collated from several sources in support of the findings.

The fiscal position of the State viewed in terms of key fiscal parameters - revenue surplus, fiscal deficit, primary deficit, etc. indicated that the State had maintained revenue surplus during the last five year period. However, while the State continued with fiscal deficit in all the five years, it showed downward trend, the primary deficit also continued to prevail. During the current year, the revenue surplus increased as the fiscal and primary deficits decreased as compared to the previous year. Revenue receipts showed progressive increase from RS 1,497.71 crore in 2007-08 to RS 2,345.37 crore in 2009-10 but decreased to RS 2,151.70 crore in 2010-11. However, the revenue receipts increased in 2011-12 by RS 720.41 crore (33.48 percent) compared to previous year. The State's own resources contributed 18.73 per cent (RS 537.96 crore) in the revenue receipts of the State during 2011-12. The balance (RS 2334.15 crore) was transfers from Government of India in the form of State's share of taxes and grants-in-aid contributions.

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