Audit Reports
Bihar
Report 2015 - State Finances Government of Bihar
Overview
The report is based on the audited accounts of the Government of Bihar for the year ended March 2015, 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 the Finance Accounts and makes an assessment of the Bihar Government’s fiscal position as on 31 March 2015. Chapter-II is based on the audit of Appropriation Accounts and gives Grant-wise description of Appropriations and the manner in which the allocated resources were managed by the service delivery Departments. Chapter-III is an inventory of the Bihar Government’s compliance with various reporting requirements and financial rules. Resource Mobilisation: Revenue Receipts (Rs.78417.54 crore) of the State grew at 13.78 per cent during 2014-15 over the previous year, there were less than the Budget Estimate by Rs 23522.00 crore. Capital Expenditure: Capital Expenditure (CE) increased to Rs 18150.41 crore in 2014-15 from Rs 14001.00 crore in 2013-14. Fiscal Situation: The State had a Revenue Surplus of Rs. 5847.56 crore during 2014-15. During the current year Fiscal Deficit increased to Rs.11178.50 crore. It was 2.78 per cent of GSDP, well within the ceiling (three per cent) recommended by the Thirteenth Finance Commission (ThFc). Funds transferred directly from Government of India to the State Implementing Agencies: During the year 2014-15, the Government of India directly transferred Rs.651.74 crore only to the State Implementing Agencies which was less than the previous year by Rs.8812.76 crore (93.11 per cent).
Fiscal Liabilities: Fiscal Liabilities of the State increased from Rs. 62858.01 crore in 2010-11 to Rs. 99055.82 crore in 2014-15 Financial Accountability and Budget Management: There were large savings of Rs. 43925.80 crore (31.37 per cent) against total budget provision of Rs. 140022.59 crore during 2014-15. Out of the total savings (Rs. 43925.80 crore), Rs. 27334.02 crore (62.23 per cent) only was surrendered and out of which an amount of Rs. 22740.73 crore (83.20 per cent) was surrendered on 31 March 2015. The Controlling Officers did not reconcile Rs. 68657.81 crore (exceeding Rs. 10 crore in each case) under 75 Major Heads during 2014-15. Financial Reporting: An amount of Rs. 5381.42 crore drawn on Abstract Contingent (AC) bills remained outstanding as on March 2015 due to non-submission of Detailed Contingent (DC) bills. Utilisation Certificates (UCs) of Rs. 31510.73 crore against the Grants-in-aid (GIA) bills drawn by different departments were outstanding as on 31 March 2015. Temporary advances and Imprest of Rs. 186.08 crore drawn up to 31 March 2015 by eight Departments/Organisation remained to be adjusted.