Compliance Financial
Madhya Pradesh

Report of 2010 - Audit Report (State Finances) for the year ended 31 March 2010 of Government of Madhya Pradesh

Date on which Report Tabled:
Mon 28 Mar, 2011
Date of sending the report to Government:
Government Type:
Sector Finance


In January 2006, the Madhya Pradesh Government enacted the Fiscal Responsibilities and Budget Management (FRBM) Act. It laid down a reform agenda through a fiscal correction path in the medium term with the long term goal of securing growth stability for its economy. The Government's commitment to carry forward these reforms is reflected in the policy initiatives announced in its subsequent budgets. The benefits of the FRBM legislation have been realized in terms of achieving of revenue and fiscal deficit targets relative to GSDP and keeping the ratio of total liabilities to GSDP within the ceiling limit of 40 per cent prescribed under the FRBM Act.

The Report Based on the audited accounts of the Government of Madhya Pradesh for the year ended March 2010, this report provides an analytical review of the Annual Accounts of the State Government. The report is structured in three Chapters.Finance Accounts and gives an assessment of the Madhya Pradesh Government's fiscal position as at 31 March 2010. It provides an insight into the trends of committed expenditure and borrowing patterns besides giving a brief account of Central funds transferred directly to State implementing agencies through the off-budget route.

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. Madhya Pradesh Government's compliance with various reporting requirements and financial rules. The report also compiles the data collated from various government departments/ organizations in support of the findings.

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