Report of the Year 2015 - State Finances Government of Gujarat

Date on which Report Tabled:
Thu 31 Mar, 2016
Date of sending the report to Government
Government Type
Sector Finance


This Report provides an analytical review of the Annual Accounts of the State Government for the year 2014-15. The Report is structured in three Chapters.

Chapter 1 is based on the Finance Accounts and makes an assessment of the Government’s fiscal position as on 31 March 2015. It provides an insight into trends of different components of the Government’s receipts, expenditure and borrowing pattern, besides giving a brief account of fiscal imbalances.

Chapter 2 is based on the 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. Observations on the audit of administrative department/ controlling officers relating to Grant No. 9 (Education) and Grant No. 74 (Transport) are included.

Chapter 3 is an inventory of the Government’s compliance with various reporting requirements and financial rules alongwith additional data collated from several other sources in support of the findings. This Chapter also contains observations noticed during audit of submission of Utilisation Certificates by the Social Justice and Empowerment Department and its three controlling officers. The findings related to Audit of the Personal Ledger Account of the Director General and Inspector General of Police Gujarat are also given.

At the end of 2014-15, the fiscal deficit as percentage to GSDP was 2.13, which was within the limit of three per cent. The State’s total outstanding debt as percentage of GSDP was 23.57 per cent which was also within the target of 27.1 per cent fixed by the ThFC. For financing its deficit, the State Government heavily relied on Market borrowing despite availability of resources under Public Accounts of the State and Cash Balance Investments.

During 2014-15, expenditure of Rs.1,17,670.05 crore was incurred against total grants and appropriations of Rs.1,39,284.10 crore resulting in overall savings of Rs.21,614.05 crore. The overall savings of Rs.21,614.05 crore was the result of savings of Rs.21,758.50 crore, offset by excess of Rs.144.45 crore.

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