New Delhi: The auditing watchdog Comptroller and Auditor General (CAG) has detected serious discrepancies in the government accounts for 2007-08 including direct release of Rs50,000 crore granted to implementing agencies in states for flagship schemes.
“... Union Government made a provision for transfer of central plan assistance of Rs51,259 crore directly to state/district level autonomous bodies...for implementation of centrally sponsored schemes,” observed the CAG report which was tabled in Parliament On Friday.
Since the funds are not being spent fully by the implementing agencies in the same fiscal year, there remain substantial amounts of unspent funds in their accounts, the report mentioned.
Stressing the need for complete restructuring of the government accounts, CAG mentioned, “...Rs20,273.52 crore under 28 major heads of accounts was classified under the minor head...this indicates a high degree of opaqueness in the accounts,”.
The irregularities pointed out by the CAG include disbursement of Rs2,745 crore to two defence public sector units by the Ministry of Defence in 2007-08 for expenditure in the next year and Rs1325.49 crore retained by Sebi and IRDA outside government.