Audit Reports
Madhya Pradesh
Report No. 1 of 2012 - Audit Report (State Finances) for the year ended 31 March 2012 of Government of Madhya Pradesh
Overview
The Report on the Finances of the Government of Madhya Pradesh is brought out with a view to assess the financial performance of the State during 2011-12 based on audit analysis of financial data. In order to give a perspective to the analysis, we have attempted to compare the achievements made by the State Government vis-a-vis the targets envisaged in the Fiscal Responsibility and Budget Management Act (FRBM Act), 2005, Budget Documents, norms recommended by the Thirteenth Finance Commission and other financial data obtained from various Government Departments and organisations.
Based on the audited accounts of the Government of Madhya Pradesh 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 1 is based on the audit of the Finance Accounts and makes an assessment of the Madhya Pradesh Government's fiscal position as on 31 March 2012. It provides an insight into the trends in die overall finances of the State, Actual Expenditure vis-a-vis Budget Estimates, Salaries and Wages, Pensions, Interest Payments and Subsidies, Expenditure and Borrowing patterns, besides giving a brief account of Central funds transferred directly to the State implementing agencies through the off-budget route. It also makes an assessment of the adequacy of the State's Fiscal priorities to Developmental, Social Sectors and Capital Expenditure.
Chapter 2 is based on audit of Appropriation Accounts and gives a grant-wise description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Besides, comments arising out of review of two grants i.e. Grant No. 10 and 53 pertaining to Forest and Urban Administration and Development Department respectively have also been made in this Chapter.
Chapter 3 is an inventory of the Madhya Pradesh Government's compliance with various reporting requirements and financial rules. The Report also compiles the data collated from various Government departments/organisations in support of the findings. At the end of the Report a glossary of abbreviations is given.