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Chhattisgarh's fiscal position declined: CAG - The Times of India
RAIPUR: Chhattisgarh's fiscal position declined under key parameters during 2012-13, with a decrease in revenue surplus and increase in fiscal deficit, as compared to previous year.
According to CAG report, due to increase in fiscal deficit, primary surplus during 2011-12 turned into primary deficit in 2012-13. The report states that fiscal liabilities, till March 31, 2013 worked out to Rs 19,268 crore which was 12.03% of Gross State Domestic Product (GSDP).
Briefing newsmen about the highlights of report , accountant general (Audit) Chhattisgarh, PC Majhi said the state's revenue receipts increased by 14% over previous year, mainly due to an increase in own tax revenue by 22%. State's own tax revenue of Rs 13,034 crore was higher than the normative assessment of Rs 11,320 crore made by Thirteenth Finance Commission (ThFC) with the budget estimates of Rs 12,176 crore.
Majhi said though the state's non-tax revenue of Rs 4,616 crore was higher than the projection of Rs 2,652 crore made by the ThFC, it could not achieve the target of Rs 5,346 crore fixed in budget estimates. Report states that the revenue expenditure continued to be a dominant (80%) component of the total expenditure during 2012-13.
Report reveals that Non-Plan Revenue Expenditure (NPRE) of Rs 14,532 crore was 7% less than the Rs 15,631 crore in budget estimates. Capital expenditure during the year constituted 15% of total expenditure and increased by 21% over previous year. It was less than the projection made in budget estimates by 32%.
CAG report states that a sizeable quantum of funds, Rs 4,497 crore, were transferred to state byCentral government in 2012-13.
The report states that total revenue receipts of state government for year 2012-13 amounted to Rs 17,650.16 crore as compared to Rs 14,770.73 crore in previous year. Out of this, 60%- Rs 13,034.21 crore was raised through tax revenue and Rs 4,615.95 crore through non-tax revenue.
The balance 40%- Rs 7,217.60 crore, was received from Government of India as state's share of divisible Union taxes and Rs 4,710.33 crore in grants-in-aid.
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BJP GOVERNMENT SHINES
Chhattisgarh's tops in Fiscal Management in RBI Study - The Hindu
Chhattisgarh ranks as the best performing state in most of the key fiscal parameters, according to a Reserve Bank of India (RBI) study, released on Wednesday. According to the study, Chhattisgarh has done reasonably well in spending its money in developmental sector, one of the key parameters to judge States overall performance.
As per RBI study, published in its annual number, ‘State Finances - A study of budgets of 2013-14’ Chhattisgarh's development expenditure as per cent of Gross State Domestic Product (GSDP) is highest in the country. In Chhattisgarh, development expenditure is 20.7 per cent of GSDP, whereas average of all states put together is 11.4 per cent. On this parameter, Bihar is second (16.8), Madhya Pradesh and Goa third (15.7) and Jharkhand is fourth (14.7). Interestingly, till last financial year (2012-13) Bihars development expenditure was highest in the country.
In respect of social sector expenditure, that includes education, health, SC/ST development, women and child development, Chhattisgarh holds the first position. Social sector expenditure, in Chhattisgarh as per cent of GSDP is 14 per cent whereas Bihar (11.3) is second, Madhya Pradesh (9.7) and Uttar Pradesh (9.7) are third and Jharkhand (9.2) is fourth. The study is done analysing the budgets of the States rather than surveying the ground level situation in the States. In a different study, National Sample Survey Office (NSSO) has indicated that Chhattisgarh is the poorest State of the country where nearly 40% people live below the poverty line.
“State Government's emphasis on development and social sector expenditure during the last decade have resulted in significant improvements and sharper decline in Infant Mortality Rate, Maternal Mortality Ratio and malnourishment as compared to the all-India average,” a state government release following up on RBI study has said. In debt sustainability, boosting growth in state revenue or acquisition of fixed assets (capital outlay) to GSDP, Chhattisgarh has done well, the study said.