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Financial
Uttar Pradesh

Report No. 2 of 2022 - State Finances, Government of Uttar Pradesh

Date on which Report Tabled:
Mon 30 May, 2022
Date of sending the report to Government
Mon 09 May, 2022
Government Type
State
Sector Finance

Overview

The State Finances Audit Report of the Government of Uttar Pradesh intends to assess the financial performance of the State during the year 2020‑21 and to provide the State Legislature with inputs based on audit analysis of the financial data. In order to put this analysis in a proper perspective, a broad comparison of targets envisaged by the Uttar Pradesh Fiscal Responsibility and Budget Management Act, 2004 as amended from time to time, the Fourteenth and Fifteenth Finance Commission Reports and the Budget Estimates of the year 2020‑21 have been attempted. The Report is structured in six Chapters:

Chapter I describes the basis and approach to the Report and the underlying data and provides an overview of structure of government accounts, budgetary processes, macro‑fiscal analysis of key indices and State’s fiscal position including the deficits/surplus.

Chapter II provides a broad perspective of the finances of the State and analyses the critical changes in major fiscal aggregates relative to the previous year, overall trends during the period from 2016‑17 to 2020‑21, debt profile of the State and key Public Account transactions, based on the Finance Accounts of the State.

Chapter III is based on the Appropriation Accounts of the State and reviews the appropriations and allocative priorities of the State Government and reports on deviations from constitutional provisions relating to budgetary management.

Chapter IV provides a broad perspective on the quality of accounts rendered by various authorities of the State Government and status of compliance with prescribed financial rules, procedures and directives.

Chapter V discusses the financial performance of State Public Sector Undertakings (PSUs), investment in PSUs, budgetary support to PSUs, Return on Equity, Return on Capital employed, etc.

Chapter VI provides position of submission of accounts by State PSUs, impact of not finalising accounts of PSUs, significant comments issued as a result of supplementary/sole audit of the financial statements of the PSUs conducted by CAG, etc.

The Report has been prepared for submission to the Governor of Uttar Pradesh under Article 151 of the Constitution.

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