Tag: CAG

States’ expenses on salary, pension, interest payment rise 2.5 times in 10 years since FY14: CAG

States’ expenses on salary, pension, interest payment rise 2.5 times in 10 years since FY14: CAG

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The committed expenditure on salaries, pensions, and interest payments increased by 2.49 times to ₹15,63,649 crore in fiscal 2022-23 across all States from ₹6,26,849 crore in 2013-14, said a CAG report on State finances. A large share of the revenue expenditure is either committed or tied up. Salaries, pensions, and interest payments on public debt […]

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Table CAG reports on time, L-G tells CM

Table CAG reports on time, L-G tells CM

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Lieutenant-Governor Vinai Kumar Saxena on Monday wrote to Chief Minister Arvind Kejriwal questioning the delay on part of the government in tabling four Comptroller and Auditor General (CAG) Audit Reports in the Assembly in violation of existing rules and procedures. The L-G asked the Chief Minister to act on the findings of the four reports, […]

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Exclude borrowings by state government entities when fixing net borrowing ceiling: Kerala Finance Minister K. N. Balagopal

Exclude borrowings by state government entities when fixing net borrowing ceiling: Kerala Finance Minister K. N. Balagopal

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In a letter to Union Finance Minister Nirmala Sitharaman, Mr. Balagopal also emphasised that the Centre rarely imposes any such limits on its own borrowings In a letter to Union Finance Minister Nirmala Sitharaman, Mr. Balagopal also emphasised that the Centre rarely imposes any such limits on its own borrowings Reiterating Kerala’s stand on ‘off-budget’ […]

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Be more realistic in budgetary assumptions, CAG tells Kerala

Be more realistic in budgetary assumptions, CAG tells Kerala

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Report identifies misclassification of expenditures and investment, and lack of transparency Report identifies misclassification of expenditures and investment, and lack of transparency The Comptroller and Auditor General (CAG) has questioned discrepancies in the budgeting practices of the State government, asserting that the latter needs to be more “realistic” in its budgetary assumptions and ensure efficient […]

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CAG report picks holes in Kerala University’s overall performance

CAG report picks holes in Kerala University’s overall performance

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A report by the Comptroller and Auditor General (CAG) on the functioning of the University of Kerala pointed out that the varsity, which came into existence in 1937, is yet to have an approved master plan detailing areas envisaged for development including academic curriculum and physical infrastructure. The report tabled in the State Assembly has […]

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CAG pulls up Kerala again for off-budget borrowings

CAG pulls up Kerala again for off-budget borrowings

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Off-budget borrowings have landed the Kerala government in trouble with the Comptroller and Auditor General (CAG) yet again with the latter painting a bleak picture of the State finances and noting that such borrowings through the Kerala Infrastructure Investment Fund Board (KIIFB) and Kerala Social Security Pension Ltd (KSSPL) have jacked up the State’s overall […]

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