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FinMin spent Rs 1,157 cr further in 2017-18 with out acquiring prior approval: CAG – Information by Automobilnews.eu

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FinMin spent Rs 1,157 cr further in 2017-18 with out acquiring prior approval: CAG


The Ministry of Finance spent Rs 1,157 crore on numerous heads throughout 2017-18 with out acquiring prior approval of Parliament, the Comptroller and Auditor Common (CAG) report tabled in Parliament on Tuesday mentioned.

Extra expenditure aggregating Rs 1,156.80 crore was incurred throughout 2017-18 with out acquiring prior approval of Parliament, the CAG report ‘Monetary Audit’ of the Accounts of the Union Authorities mentioned.

The report additional famous that the Ministry of Finance didn’t devise an appropriate mechanism in respect of latest service/new instrument of service, which led to the additional spending.

The Division of Financial Affairs below finance ministry did not receive legislative approval for augmenting provision (for further expenditure), the report added.

“As per the rules, any augmentation of provision by the use of re-appropriation to the item heads (i) grants-in-aid (ii) subsidies (iii) main works attracts limitation of New Service (NS)/New Instrument of Service (NIS) and therefore require prior approval of Parliament,” CAG report mentioned.

The Public Accounts Committee (PAC) in its 83rd report had additionally taken severe view on instances of augmentation of provision of object head ‘grants-in-aid’ and ‘subsidies’.

PAC famous that these severe lapses are a pointer in the direction of defective price range estimation and poor observances of monetary guidelines by the ministries/ departments involved.

There’s an crucial want on the a part of the Ministry of Finance to plot an efficient mechanism for imposing monetary self-discipline on all of the ministries/departments in order to keep away from recurrence of such severe lapses, CAG report mentioned.

“Regardless of the PAC suggestions, Ministry of Finance had not devised an appropriate mechanism, as results of which, throughout 2017-18 in instances throughout 13 grants, there was extra expenditure over complete authorisation aggregating to Rs 1,156.80 crore with out acquiring approval of Parliament,” as per the report.



FinMin spent Rs 1,157 cr further in 2017-18 with out acquiring prior approval: CAG – Information by Automobilnews.eu
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