Audit Reports
Rajasthan
Report of 2014 - Financial Audit on State Finances of Government of Rajasthan
Overview
Based on the audited accounts of the Government of Rajasthan for the year ended March 2013, this report provides an analytical review of the finances of the State Government. The financial performance of the State has been assessed based on the Fiscal Responsibility and Budget Management Act, Budget Documents, Economic Review 2012-13, Thirteenth Finance Commission Report and other financial data obtained from various Government departments and organisations. The report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of Government of Rajasthan's fiscal position as on 31 March 2013. It provides an insight into trends in committed expenditure, borrowing pattern, besides giving a brief account of Central funds transferred directly to the State Implementing Agencies through off budget route. Chapter II is based on Appropriation Accounts and gives 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 Government of Rajasthan's compliance with various reporting requirements and financial rules. The report also has an Appendix I of additional data collected from several sources in support of the findings. Appendix 4.1 at the end gives a glossary of selected terms related to State economy, as used in this report.
The State Government has shown a return to fiscal consolidation by showing improvement in both tax and non-tax revenue. The fiscal deficit was 1.8 per cent of Gross State Domestic Product as against the target of 3 per cent as prescribed under the Rajasthan Fiscal Responsibility and Budget Management (Amendment) Act, 2011. However, it increased from 0.9 per cent in 2011-12 to 1.8per cent in 2012-13, which was due to increase in net capital expenditure and net loans and advances disbursed during the year.
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