10:27 PM
CAG questions Assam govt's financial practices, doubts accuracy of accounts
Raising questions over the accuracy of accounts, the Comptroller and Auditor General of India (CAG) has said the budget assumptions of the Assam government were "not realistic" in 2018-19 and various policy initiatives were not fulfilled due to "non-completion" of the preparatory works.
In its audit report on the the state's finances for the year ending March 31, 2019, which was tabled in the Assam Assembly on Monday, the CAG said the government failed to take corrective steps despite the auditor pointing out the lacunae every year.
"Budgetary assumptions of the state government were not realistic during 2018-19 and despite carrying out an elaborate pre-budget exercise to bring about efficiency and transparency in budget formulation and execution, budgetary estimates were off the mark to a considerable extent," it said.
Considering the state's overall budget of Rs 1,08,490 crore, the auditor also said that the control over execution and monitoring was inadequate.
"Significant policy initiatives of the government were not fulfilled during the year due to non-completion of the preparatory activities relating to these initiatives," the CAG said.
On the quality of accounts and financial reporting practices, the CAG said booking of an expenditure of Rs 14,879 crore under omnibus Minor Head 800 - Other Expenditure affected transparency and accuracy in financial reporting.