State Finances Audit Report 2013-14 Sikkim

Date on which Report Tabled:
Tue 17 Mar, 2015
Date of sending the report to Government:
Government Type:
Sector Finance


This Report on the Finances of the Government of Sikkim is being brought out with a view to assess the financial performance of the State during the year 2013-14. 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 has given adequate fiscal priority to the developmental activities, to the social sector and capital expenditure and whether the expenditure has been effectively absorbed by the intended beneficiaries.

The Report based on the audited accounts of the Government of Sikkim for the year ended March 2014, 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 2014. 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 is viewed in terms of key fiscal parameters - revenue surplus, fiscal deficit, primary deficit. The State had maintained revenue surplus during the last five year period. The State witnessed fiscal deficit during the last five years but the deficit was steadily declining. The State however, maintained primary surplus during last three years. During the current year, the revenue surplus and primary surplus increased while the fiscal deficit decreased as compared to the previous year.

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