CAG terms Assam budget 2023-24 ‘unrealistic’; questions excessive supplementary grants
GS3Economy · S&T · Environment · Security· Fiscal policy, budget & taxation (GST)· Mains·
Why in news
The Comptroller and Auditor General (CAG) criticized the Assam government's 2023-24 budget for 'unrealistic' assumptions and the approval of excessive supplementary grants without necessity.
Background
The CAG identified ₹30,516.47 crore in unutilized funds as excessive savings. It also flagged ₹30,210.86 crore in supplementary grants approved without requirement and noted missing Utilisation Certificates (UCs) for several autonomous councils.
Facts for Prelims
- FactAssam's unutilized funds for 2023-24: ₹30,516.47 crore.
- FactAssam's supplementary grants approved without requirement: ₹30,210.86 crore.
- FactNon-submission of Utilisation Certificates (UCs) was flagged as a barrier to budgetary accountability.
For Mains
Q. Examine the role of the CAG in ensuring fiscal discipline and accountability in state-level budgetary management. How can states improve the efficiency of fund utilization?
Dimensions to cover in your answer
- Fiscal leakage: Over-estimation of budgetary assumptions leading to significant unutilized funds and 'excessive savings'.
- Accountability gap: Lack of Utilisation Certificates (UCs) hindering the tracking of expenditure in autonomous bodies.
- Budgetary mismanagement: Approval of supplementary grants without necessity undermining the integrity of the annual budget.
Keywords: Fiscal discipline · Budgetary oversight · Utilisation Certificates · Public accountability · Fiscal transparency
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