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CAG Report On Annual Accounts For 2019-2020 Presented in Odisha Legislative Assembly

Bhubaneswar: 9/9/21:The Comptroller and Auditor General (CAG) report of summary of annual accounts for the year ended March 2020 was presented in the Legislative Assembly on Thursday. The Annual Accounts 2019-20 presents the picture about the fiscal health of the State.

Below are the details:

Finance Accounts

The Finance Accounts for the year 2019-20 indicates that the total receipts for the year was 1,20,674 crore i.e., Revenue Receipts 1,01,568 crore and Capital Receipts of 19,106 crore.

Revenue Expenditure grew from 85,356 crore to 99,137 crore (16.15 per cent growth) and capital expenditure got reduced from 24,652 crore to 21,537 crore (12.64 per cent) between 2018-19 and 2019-20.

Expenditure on General Services, Social Services, Economic Services and Grants-in-Aid constituted 28.85, 43.90, 25.81 & 1.44 per cent of Revenue Expenditure of the State respectively.

Expenditure on General Services, Social Services, Economic Services & Loans and Advances constituted 3.74, 24.44, 65.97 & 5.85 per cent of Capital Expenditure of the State respectively.

The Revenue surplus, that is excess of revenue receipts over revenue expenditure for 2019-20, was 2,430 crore as against 14,190 during 2018-19.

The fiscal deficit representing the excess of total expenditure (Administrative + Programme) over the total receipts (Revenue Receipts, Capital Receipts, Recoveries of Loans and Advances) stood at 18,819 crore against fiscal deficit of 10,157 crore last year which was financed through Net of Public Debt ( 10,185 crore), Net of Contingency Fund ( 1,440 crore), Net of Public Account ( 5,811 crore) and Net of Opening and Closing Cash Balance ( 1,383 crore).

Outstanding Public Debt at the end of 31 March 2020 was 68,438 crore comprising Internal Debt of 60,595 crore and Loans & Advances from Central Government 7,843 crore. Total Public Debt has increased from 58,253 crore to 68,438 crore as compared to last year. Total Public Debt and Other Liabilities stands at 1,26,084 crore by the end of the year 2019-20.

Total Loans & Advances given by the State Government at the end of 2019-20 stood at 8,163 crore.

Outstanding Utilisation Certificates (UC) of Grants-in-Aid vouchers

The Outstanding UCs were 27,849 amounting to 36,194 crore as on 31 March 2020.

Unadjusted Abstract Contingent (AC) Bills

Abstract Contingent (AC) Bills and Detailed Contingent (DC) Bills

At the end of 31 March 2020, 1,439 DC Bills amounting to 170 crore were outstanding.

Appropriation Accounts

The Appropriation Act, 2019-20, had projected for Gross Expenditure of 1,55,630 crore against which actual Gross Expenditure was 1,30,853 crore
resulting in net savings of 24,777 crore.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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