HP Govt. Fails to Submit Utilization Certificates for Rs 2,795 Crore
Mar 27, 2025 21:20
The Himachal Pradesh government has failed to submit utilization certificates for Rs 2,795.23 crore, according to a CAG report. This raises concerns about the actual spending of these funds. Read more.
Shimla, Mar 27 (PTI) The Himachal Pradesh government has not submitted 2,990 utilisation certificates for expenditure of Rs 2,795.23 crore, the Comptroller and Auditor General of India (CAG) pointed out in its report of Finance Accounts 2023-24 for Himachal.
Besides, there was no assurance that the said amount has actually been spent/utilised for the purpose it was sanctioned by the legislature, it added.
The report, tabled in the state Assembly by Chief Minister Sukhvinder Singh Sukhu on Thursday, revealed that 1,342 Utilisation Certificates (UC) involving an amount of Rs 1,744.60 crore were due for submission against Grants-in Aid during 2023-24.
The total receipts decreased to Rs 54,104 crore in 2023-24 from Rs 60,556.70 crore in 2022-23 despite an increase in tax, non-tax and share in Union taxes and duties, as grants from the central government were reduced from Rs 16,733.93 crore to Rs 14,942.15 crore.
However, the revenue deficit was marginally down from Rs 6,335.76 crore (2022-23) to Rs 5,558 crore (2023-24).
The expenditure on salaries was Rs 15,046.97 crore in 2023-24 compared to Rs 15,569 crore in 2022-23, while expenditure on pension increased from Rs 9,283 crore to Rs 10,055.85 crore and interest payment rose from Rs 4,828.64 crore to Rs 5,648.37 crore.
Liabilities of the government widened from Rs 86,589.43 core in 2022-23 crore to Rs 96,632.9 crore in 2023-24, as internal debts surged from Rs 55,975.16 crore to Rs 61,439.29 crore, loans from the central government from Rs 7388.32 crore to Rs 8929.83 crore.
The Appropriation Accounts report of the CAG for 2023-24 tabled in the house on Thursday revealed that out of the budget allocation of Rs 46,433.33 crore for Revenue and Rs 56.96 crore under Capital expenditure, Rs 10,442.87 crore remained unspent during the year, and the actual expenditure incurred was Rs 35,990.45 crore and 60.66 crore under the Revenue and Capital heads, respectively.
Home »
Market News » HP Govt. Fails to Submit Utilization Certificates for Rs 2,795 Crore
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
LIC Housing Finance Cuts Home Loan Rates to 7.15%
LIC Housing Finance reduces home loan interest rates to 7.15% effective December 22,...
Shibulal: Focus, Not Long Hours, Key to Work
Infosys co-founder Shibulal emphasizes focus and quality over long hours, disagreeing...
Cipla Launches Inhalable Insulin for Diabetes
Cipla launches Afrezza, an orally inhaled insulin powder for diabetes patients in...
Gujarat Kidney IPO Subscribed 1.47x on Day 1
Gujarat Kidney and Super Speciality IPO subscribed 1.47 times on day one. Details on...
Coromandel Launches Fertinex Fertilizer
Coromandel International launches Fertinex, a next-gen water-soluble fertilizer with...
Gold & Silver Hit Record Highs in India
Gold prices soar to Rs 1.38 lakh/10g, silver hits Rs 2,14,500/kg in India. Global...
Bullion Rates Today: Gold & Silver Prices
Closing bullion rates in Bengaluru. Check today's gold prices (22K & 24K per gram) and...
AI Impact: Google DeepMind Exec on Human Potential
Google DeepMind exec Manish Gupta discusses AIs potential to solve global challenges...
India-New Zealand FTA: Boost for Trade & Growth
India and New Zealand FTA to boost bilateral trade, investment, and create new growth...
Crystal Crop Protection Files IPO for Rs 600 Cr
Crystal Crop Protection files IPO papers with Sebi to raise Rs 600 crore via fresh...
Read More »