CAG Report On Maharashtra’s Finances amid pandemic: ‘Fiscal deficit maintained; delay in submission of utilisation certificates’
Read Time:41 Second
The Comptroller and Auditor General (CAG) of India’s report on Maharashtra’s finances for the year that ended on March 31, has said that during the Covid-19 pandemic in 2020-21, the state government managed to contain fiscal deficit to Gross State Domestic Product (GSDP) ratio at 2.69 per cent, as against the target of 4 per cent, due to reduced expenditure.
The report was tabled in state legislature on Thursday — the last day of the Monsoon Session.
However, the revenue deficit of Rs 17,116 crore in 2019-20 increased to Rs 41,141.85 crore in 2020-21. During 2020-21, the fiscal liability (total outstanding to debt) to GSDP ratio at 20.15 per cent was higher than the targets prescribed in the Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
0
0
