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Financial
Punjab

Report No. 1 of 2020 - State Finances, Government of Punjab

Date on which Report Tabled:
Fri 05 Mar, 2021
Date of sending the report to Government
Tue 04 Aug, 2020
Government Type
State
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Sector Finance

Overview

In accordance with Article 151 of the Constitution of India, the Report of the Comptroller and Auditor General of India on State Finances Audit Report for the year ended 31 March 2019 - Government of Punjab, was forwarded to the State Government on 4th August 2020 for laying in the State Legislature.  The Report was laid in the State Legislature on 5th March 2021. 

This Report provides an analytical review of the Annual Accounts of the State Government in three Chapters. 

Chapter-I is based on the Finance Accounts and makes an assessment of Punjab Government’s fiscal position as on 31 March 2019.  It provides an account of time series of receipts and disbursements, market borrowings, quality of expenditure, financial analysis of government expenditure and investment, debt sustainability and the fiscal imbalances.

Chapter-II is based on Appropriation Accounts and it gives the grant-wise description of appropriations. It elaborates on financial accountability and budget management, deficiencies in working of treasuries and outcome of review of selected grants.

Chapter-III is an inventory of the Punjab Government’s compliance with various reporting requirements and financial rules.

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