Bhubaneswar, November 29 (LocalWire): As many as 85 per cent of administrative departments of Odisha have failed to follow the Cash Management System (CMS) framed for the timely spending of budgetary allocations.
According to the latest report by the Comptroller and Auditor General of India (CAG), in a hurry to meet the end of March financial year deadline the government departments went on a spending spree towards the fag end of the financial year, which is an act of impropriety.
The CAG audit report also rapped the government pointing out that of the 20 departments only three had followed the guidelines for timely spending of budgetary allocations as per the CMS.
The Fiscal Responsibility and Budget Management Act, 2016 of the Government of Odisha provides guidelines for timely spending of budgetary grants through the CMS.
“The level of expenditure at the end of the third quarter of a fiscal year should not be less than 60 per cent and during the month of March, the same should not be more than 15 per cent of the gross budget provision. Only three departments followed the guidelines in true letter and spirit,” the CAG report stated.
In terms of Rule 147 of Odisha Budget Manual, a rush of expenditure in the closing month of the financial year is a breach of financial regularity.
The report noted that there were 18 schemes in 11 departments, where 100 per cent of the total expenditure, Rs 1,169.43 crore, was incurred in March 2018.