The State Government spent over Rs 85,600 crore during 2016-17 while the Annual Budget was about Rs 94,050 crore.
Generation of lower amounts of resources due to a low growth in the Own Tax and Non Tax revenue and a lesser flow of funds from the Central Government resulted in missing the target, sources said.
However, the spending was higher than 2015-16. While the Annual Budget during 2015-16 was Rs 84,487 crore, spending was Rs 77, 496 crore.
The latest report on spending from the State Budget for 2016-17 reveals the fact that the days are gone when the lion’s share of the Budget was spent in the year ending month of March itself.
A regular monitoring of the spending by various departments has not only helped the State keep a track on the expenditure by the departments but also the Budget execution was properly maintained, sources said.
While the spending in 2016-17 was less during April, it picked up from May onwards; and during June, it went up to Rs 9,271 crore and during rainy season the spending was less. However, on an average a monthly spending of over Rs 6,000 crore was recorded during last fiscal.
While in April 2016, the spending was Rs 2,413 crore, it went up to Rs 5,740 crore in May and Rs 9,271 crore in June.
In July, the spending was Rs 7,434 crore while in August it went down to Rs 5,544 core due to rains and later in September it recorded a hike to Rs 6,308 crore.
The spending was slightly down to Rs 6,118 crore in October, but the impact of demonetisation in November resulted a nosedive in spending to Rs 5,966 crore.
Scarping of old high-value notes of Rs 1000 and Rs 500 resulted in a slump in spending. For days together, the State Government faced a tough time to handle such a crisis as availability of new currency note posed a serious problem.
However, the spending picked up in December and it amounted to Rs 9,239 crore. And during January, February and March, the spending was over Rs 26,000 crore, said the sources.