Chhattisgarh could not utilise the supplementary grants of Rs 6,205.99 crores that is 10.26 percent of total expenditure which was termed as unnecessary as per the CAG report on Finance Accounts and Appropriation Accounts of the Government of Chhattisgarh for the year 2016-17. The report states that there were significant savings at the end of year even against the original allocations.
The report tabled by Chief Minister Raman Singh on Friday during monsoon assembly session states that the major investment was made in Power Companies stood at Rs 6,416.05 crore. The total public debt has increased from Rs 26050.15 crore to Rs 30,377.45 crore (2016-17) that is by more than 16 percent.
The report states that the gross Budget provision for expenditure for 2016-17 was Rs 80,202.32 crore and reduction of expenditure (recoveries) of Rs 1,991.29 crore. Against this the actual gross expenditure was Rs 60,470.82 crore and reduction of expenditure was Rs 1,349.92 crores, resulting in net savings of Rs 19,731.50 crore (24.60%) in respect of expenditure and net savings of Rs 641.37 cr in reduction of expenditure.
During the year, the total receipts was Rs 57,968.26 crore while the disbursements were Rs 57,968.26 crores. The tax revenue stood at Rs 37,754.37 crore compared to Rs 32,791.33 crore in 2015-16. The increase is attributed to rise in allocation of share of Union taxes and duties from Rs 15,716.47 crore (2015-16) to Rs 18,809.16 crores for year 2016-17. The state’s own tax revenue also rose to Rs 18,945.21 crore against Rs 17,074.86 crore for year 2015-16.
The State received Rs 10,261.63 crore as Grants in aid from the Central Government compared to Rs 8,061.59 crore in 2015-16, that is, Rs 2,000.04 crore more. The state government incurred Rs 9,470.51 crore towards capital expenditure during 2016-17 against Rs 7,945.01 core in 2015-16. There was a revenue surplus of Rs 5,520.65 crore constituting 1.90 percent of Gross State Domestic Product (GSDP) during 2015-16 also.
The fiscal deficit during 2016-17 was Rs 4,047.27 crore which was 1.39 percent of GSDP and well within the FRBM targets of 3.5 percent of GSDP. In year 2015-16, it was also within the FRBM targets of 3.5 percent of GSDP.
The total public debt has increased from Rs 26050.15 crore to Rs 30,377.45 crore (2016-17) that is by more than 16 percent.
Total investments as share capital in Government companies, Statutory Corporations, Co-operative banks and Socieities stood at Rs 6,778.60 crore at the end of year 2017-17. During the period the dividend received there was against only Rs 0.55 crore. The major investment was made in Power Companies stood at Rs 6,416.05 crore. As on March 31, 2017 the investment on Government of India Treasury Bills was Rs 2,512.00 crore while the outstanding loans extended by the state government amounted to Rs 1,373.68 crore. The state government during 2016-17 had increased the Corpus of contingency fund from Rs 40 crore to Rs 100 crore. Central government directly released Rs 1,112.05 crore to implementing agencies in Chhattisgarh during 2016-17. The majority were under MGNREGA Rs 298.03 crore, MPlAD scheme Rs 100 crore, Pradhan Mantri Koushal Vikas Yojna Rs 32.08 crore.