Audit Reports

The names of the State Government departments and the total budget allocation and expenditure of the State Government under Social Sector during the year 201 4-15 are given in the table below: Table 1.1 .1 (` in crore ) Sl. No. Name of the departments Total Budget Allocation Expenditure 1............

summary v Chapter I: Finances of the State Government 1.1 Introduction 2 1.2 Summary of fiscal transactions 2 1.3 Fiscal reforms path in Sikkim 3 1.4 Budget 201 4-15 6 1.5 Resources of the State 9 1.6 Revenue Receipts 11 1.7 Application of resources 19 1.8 Quality of Expenditure 26 1.9 Financial............

3 of the year 2016 i Table of Contents Description Reference to Paragraph Page No. Preface v Overview vii CHAPTER-I: INTRODUCTION Budget profile 1.1 1 Application of resources of the State Government 1.2 1 Funds transferred directly to the State implementing agencies 1.3 2 Grants-in-aid from............

The names of the State Government departments and the total budget allocation and expenditure of the State Government under Social Sector during the year 2014-15 are given in the table below: Table: 1.1.1 ( ` in crore) Name of the Departments Total Budget Allocation Expenditure Education............

THE STATE GOVERNMENT Profile of State 1 Introduction 1.1 1 Summary of Fiscal Transactions in 2014-15 1.1.1 1 Review of the fiscal situation 1.1.2 3 Budget estimates and actuals 1.1.3 4 Gender budgeting 1.1.4 5 Resources of the State 1.2 6 Resources of the State as per the Annual Finance Accounts............

3 of the year 2016 i TABLE OF CONTENTS Paragraph number Page n umber Preface vii Overview ix Chapter I Introduction Budget Profile 1.1 1 Application of resources of the State Government 1.2 1 Grants -in-aid from the Government of India 1.3 2 Planning and conduct of audit 1.4 2 Lack of............

Special Financial Support - State Government provides budgetary support by way of grants and subsidies to the PSUs as and when required. Guarantees - State Government also guarantees the repayment of loans with interest av ailed by the PSUs from Financial Institutions. Investment............

produce was deposited ( ` 251.58 crore) into Revenue Head of the Department and was paid ( ` 254.07 crore) to the Commercial Tax Department through budget allotment, resulting in overstatement of receipt and expenditure. (Paragraph 8.2.29) There was lack of preparation/ maintenance of necessary............

Special Financial Support- State Government provides budgetary support by way of grants and subsidies to the PSUs as and when required. Guarantees- State Government also guarantees the repayment of loans with interest availed by the PSUs from financial Institutions. Chapter - I -............

and Liabilities 1.9 33 Debt Management 1.10 39 Fiscal Imbalances 1.11 41 Conclusion and Recommendations 1.12 44 CHAPTER 2 FINANCIAL MANAGEMENT AND BUDGETARY CONTROL Introduction 2.1 47 Summary of Appropriation Accounts 2.2 47 Financial Accountability and Budget Manag ement 2.3 48 Outc ome of............