Deputy CM of Telangana presented the CAG report in Assembly
The finance minister reviewed the government's performance on various aspects of social finances, societal, economic sectors, revenues, and public sectors for the fiscal years 2020-21 and 2022-23, ending March 31, 2021.
Hyderabad: The finance minister reviewed the government’s performance on various aspects of social finances, societal, economic sectors, revenues, and public sectors for the fiscal years 2020-21 and 2022-23, ending March 31, 2021.
The CAG report stated that during the fiscal year 2022-2023, several policies adopted by the government exhibited irregularities in the management of public resources and weakened financial controls.
It was mentioned that the government still needs to regularize payments exceeding Rs. 2 lakh 14 thousand crores from 2014-15 to 2020-21. To fulfill revenue shortfalls, the government will have to borrow Rs. 2 lakh 52 thousand crores by 2032-33, putting significant pressure on the state’s finances.
The CAG report highlighted the lack of progress in the transfer of assets and loans between Andhra Pradesh and Telangana since 2018-19, with the government not addressing issues related to the division of transfer.
Furthermore, the report revealed that only 77 percent of the total budget exceeding Rs. 2 lakh 63 thousand crores for the fiscal year ending March 2022 were spent.
According to the CAG, there were numerous irregularities in the distribution of relief pensions by the state government under various social welfare schemes during the 22 financial years from 2014, including discrepancies in Aadhaar, IT applications, and processing controls. Errors were found in fingerprint and biometrics verification processes. It was also noted that details of 19 percent of the beneficiary families were missing according to Asra guidelines.
