Audit Reports
Tripura
Report of 2014 - Financial Audit on State Finance of Government of Tripura
Overview
This Report on the Finances of the Government of Tripura is being brought out with a view to assess objectively the financial performance of the State during the year 2012-13. 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 achievements with the targets envisaged by the State Government in Fiscal Responsibility and Budget Management Act, 2005 as well as in the Budget estimates of 2012-13. A comparison has been made to see whether the State had given adequate fiscal priority to developmental, social sector and capital expenditure and whether the expenditure had been effectively absorbed by the intended beneficiaries.
Based on the audited accounts of the Government of Tripura for the year ending 31 March 2013, 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 Tripura's fiscal position as on 31 March 2013. It provides an insight into trends in committed expenditure, borrowing pattern besides 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 Tripura Government's compliance with various reporting requirements and financial rules. This chapter also provides details on non-submission of annual accounts and also delays in placement of Separate Audit Reports in the Legislature by the Autonomous Bodies. Besides, cases of misappropriation and losses that indicate inadequacy of controls in the Government departments are also detailed in this chapter.
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 and primary surplus during the XII FC award period i.e. 2005-10 except 2009-10 where it had primary deficit. In the first three years of XIII FC from 2010-11 to 2012-13 the State had revenue and primary surplus. The State had also managed to achieve fiscal surplus consecutively for a second year beginning lfom 2011-12 which was in deficit till 2010-11. The fiscal correction target had been achieved as envisaged in the framework of fiscal responsibility legislation. However, there is also a need to increase the developmental expenditure as the development capital expenditure was 0.33 per cent lower than the previous year.