)
The report also said compliance with various financial rules and procedures of Madhya Pradesh government was deficient. In its latest state finance report 2013 tabled in the state assembly recently CAG has said that utilization certificate in respect to a grant of Rs 28,240.91 crore was awaited from the grantee institutes, indicating lack of proper monitoring by the departments in the utilization of grants.
The CAG has further said as on March 31, 2013 an amount of Rs 2,063 crore was retained in 904 personal deposit accounts in violation of provisions of Madhya Pradesh Treasury code. Also, the CAG further said, controlling officers of 23 departments did not reconcile expenditure amount to Rs 27,580.95 core during 2012-13. The CAG observed that against the total expenditure of Rs 79,920 crore during 2012-13 reconciliation was carried out by the 81 out of 104 controlling officers for Rs 52,339.05 crore (65%). The rest 23 officers have not reconciled the amount as on March 2013.
"There were significant delays (up to 57 months) in submission of accounts by the autonomous bodies, affecting their transparency and accountability," CAG said in its report. The government's compliance towards disposal of cases of losses, misappropriation, etc amounting to Rs 51.76 crore was pending, the report further said. It also said detailed countersigned contingent bills against Rs 15.24 crore drawn on abstract contingent bills were awaited at the end of 2012-13.
Expenditure on salaries and wages, pension payments, interest payment and subsidies together constitute 51% of the revenue expenditure and 46% of the revenue receipts.
"Out of total subsidy payment of Rs 5,697 crore 47% pertained to Energy Department," the CAG said.
On fund transfer it said, "a total amount of Rs 6,233 crore was directly transferred to the state agencies during 2012-13 for implementing various schemes. These funds were not routed through state budget. There is no mechanism for monitoring the utilization of such funds."
The CAG however said that state maintained revenue surplus during the year 2012-13 at Rs 7,459 crore. However, it decreased to Rs 2,451 crore over the previous year. Though the fiscal deficit of the state (Rs 9,420 crore) was within the limits prescribed by Fiscal Responsibility Management Act, the fiscal deficit increased from previous year by Rs 3,660 crore. The GSDP growth rate during 2012-13 at current price 16.85% was higher than that of India's GDP 13.26%, the report said.
During 2012-13, the report said, returns on investment of Rs 14,656.50 crore made by the government up to 2012-13 in statutory corporations, companies, co-operative societies etc., was only 0.13% against average borrowing cost of 6.48% during the year.
