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Rajasthan

Report of 2011 – Financial Audit on State Finance of Government of Rajasthan

Date on which Report Tabled:
Fri 13 Apr, 2012
Date of sending the report to Government
Government Type
State
Sector Finance

Overview

Based on the audited accounts of the GoR for the year ending March 2011, this report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed based on the FRBM Act, Budget Documents, Economic Review 2010-11, Thirteenth Finance Commission (XIII-FC) Report and other financial data obtained from various Government departments and organisations. The report is structured in three Chapters.

Chapter 1 is based on the audit of Finance Accounts and makes an assessment of GoR's fiscal position as on 31 March 2011. It provides an insight into trends in committed expenditure, borrowing pattern, besides a brief account of Central funds transferred directly to the State Implementing Agencies through off-budget route. Chapter 2 is based on Appropriation Accounts and gives grant-by-grant description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Chapter 3 is an inventory of GoR's compliance with various reporting requirements and financial rules.

The report also has an Appendix I of additional data collected from several sources in support of the findings. Appendix 4.1 at the end gives a glossary of selected terms related to State economy, as used in this report. Audit findings and recommendations The State Government has shown a return to fiscal consolidation by showing a healthy growth in both tax and non-tax revenue. The fiscal deficit was a healthy 1.4 per cent of Gross State Domestic Product (GSDP) as against the target of three per cent as prescribed by revised FRBM Act, 2011.

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