Maharashtra is the second largest State in India in terms of population (11.24 crore population as per 2011 census) and has 3.08 lakh square kilometres (Sq. Km) of geographical area. The Gross State Domestic Product (GSDP) in 2017-18 at current prices was Rs. 24, 96,505 crore (advance estimates). The Compounded Annual Growth Rate (CAGR) of GSDP for the period 2008-09 to 2017-18 has been 14.2 per cent as against12.9 per cent in the General Category States (GCS) of the country. The State’s literacy rate has increased from 76.9 per cent (census 2001) to 82.3 per cent (census 2011). The per capita income of the State stood at Rs. 2, 04,041 as against the country average of Rs. 1, 29,800.
This Audit Report on the Finances of the Government of Maharashtra is being brought out with a view to objectively assess the financial performance of the State during
2017-18 and to provide the State Government and State Legislature with timely inputs based on analysis of financial data. 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 Fiscal Responsibility and Budgetary Management Act, 2005 and in the budget estimates of 2017-18.
Based on the audited accounts of the Government of Maharashtra for the year ended March 2018, this Report provides an analytical review of the Annual Accounts of the Government. The Report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of the Maharashtra Government's fiscal position as on 31 March 2018. It provides an insight into trends of committed expenditure and the borrowing pattern.
Chapter II is based on audit of Appropriation Accounts and provides a grant-wise description of Appropriations and the manner in which the allocated resources were managed by the service delivery Departments of the Government.
Chapter III gives a selected insight into the State Government's compliance to various reporting requirements and Financial Rules. The Report also compiles the data collated from various Government Departments/Organisations in support of the Audit findings.