The CAG Report on State Finances, tabled on Tuesday in the Legislative Assembly by Finance Minister Bijendra Prasad Yadav, also observed that fiscal liabilities of the state increased from Rs 58,689.91 crore in 2009-10 to Rs 86,939 crore in 2013-14.

While revenue surplus also increased by Rs 1,341 crore, the fiscal deficit increased from Rs 6,545 crore in 2012-13 to Rs 8,351 crore in 2013-14.

The report also criticised the state government for improper budget provision estimation and said around Rs 31,479 crore, as against the total budget provision of Rs 1,13,153 crore, were saved during 2013-14.

The CAG report pointed towards a faulty loan recovery system in the state, saying that "every year huge amount of loans were given by the Bihar government to different institutions or organisations of the state, but their recovery was negligible leading to a huge balance of repayment in arrears of Rs 21,379.36 crore at the end of March 2014."

The report said the central government directly transferred Rs 9,464.5 crore to the implementing agencies in Bihar during 2013-14, which was around 14 percent more than
the previous year.

Latest News  from Bihar News Desk