Audit Reports

As a residt some projects either did not commence or stopped mid way. Expenditure efficiency of Department was poor as only 71 per cent of Budget provision could be spent over five years due to delay in finalisation of site/ administrative approval/finalisation of tender and slow progress............

1.2 Fiscal Responsibility and Budget Management Act and Twelfth Finance Commission Recommendation With the enactment of a Fiscal Responsibility and Budget Management Act (FRBM Act) in 2003 at the Centre, the Twelfth Finance Commission (TFC) recommended that each State must enact a fiscal............

State healthcare spending remained below three per cent of total budget against prescribed eight percent due to less allocation by the State. Though maternal mortality rate was reduced from 303 in 2007-08 to 237 in 2011-12, yet the same was above the national average. Similarly, infant mortality............

4.1.4 Audit criteria Procedure and norms laid down in the Punjab Budget Manual and Subsidiary Treasury Rules; Government of India’s (Gol) guidelines and the Punjab Government notifications and instructions issued from time to time for implementation of the State/Centrally sponsored schemes;............

of audit objectives were based on the following: ARRs submitted by power utilities and OERC Tariff orders; Perspective plan, Annual Budgets and Annual Reports; PPAs/LOIs with generators, IPPs, CGPs and BPSAs with DISCOMs; Provisions of EA 2003 and Rules, Regulations and............

1.2.1 Review of the fiscal situation The Thirteenth Finance Commission (ThFC) recommended that every State needs to amend Fiscal Responsibility and Budget Management (FRBM) Act and work out a fiscal reform path to make credible progress towards fiscal consolidation. Keeping in line with the............

An expenditure of? 50 lakh was incurred from the Contingency Fund ( 20 lakh in June 2008 and 30 lakh in July 2008) as there was no budgetary provision for the work. The work commenced in July 2008 and was completed in November 2008. The report submitted in December 2008 awaited approval............

136.47 crore in the cash balance of the State at the end of the year 2008-09. Chart 1.1 presents the budget estimates and actual for some important fiscal parameters. Chart 1.1: Selected Fiscal Parameters: Budget Estimates vis-a vis Actuals 2000 1775.84 1758.20 1500 1345 41 138Q55 1000 ID l_ o............

65 Audit Report on State Finances for the year ended 31 March 2010 Appendix 1.2 (Referred to in Page 1) Fiscal Responsibility and Budget Management (FRBM) Act, 2003 (as amended upto January, 2008) The Government of Punjab had enacted the Punjab Fiscal Responsibility and Budget Management Act,............

Consequently, no target was set by the Government for containing the fiscal deficit. Budget Analysis Budget papers presented by a State/Union Territory Government provide a description of the projections or estimations of revenue and expenditure for a particular fiscal year. The importance of............