Huge disparity has been identified after careful examination of Accounts submitted for the months of February and March for the Financial Year to CAG as the Statements of Monthly Indicators Accounts by the Andhra Pradesh Government. Further, It appears Accounts of the State had been fabricated and changed the figures in accounts at their convenience without proper due diligence for the Financial Year 2021-22.
There are huge discrepancies in the figures between February and March for the Financial Year 2021-22. It is unheard never in the history of the Accounting Systems, that of how huge miracles happened in the State for such a abnormal conditions emerged to have a massive discrepancies registered in revenue, expenditure and debts in a month’s time have become so chaotic and statistics juggling like the suit case companies in State Financial Management.
After in depth analysis of February and March Monthly Indicators published in the CAG Website that We had noticed the following irregular adjustments in the Accounts with huge impractical changes in figures, that, Is it really possible to reduce the revenue deficit from Rs 38,169 crore till February to Rs 8,370 crore by March? Furthere, Is it identified as Jagan Mohan Reddy Governance miracle in global economics that the fiscal deficit of Rs 51,112 crore till February was reduced to Rs 25,194 crore in March? Simultaneously, Revenue expenditure fell to Rs 1,58,919 crore in March from Rs 1,68,350 crore in February, It astonishing that How could the Revenue Expenditure be reduced after passing one month is million dollars question in the Book keeping of the Accounting System.
Apart from above, Can anyone believe that capital inflows till February were Rs 52,164 crore reduced to Rs 27,303 crore in March? Why such a huge shortfall had registered when there would be increase in the subsequent months under this head. Surprisingly, While revenue collection till February was Rs 1,30,181 crore and it rose to Rs 1,50,548 crore in March, that means more than 20000 crores raise in revenue collections in a month, How and Where it comes. On the other hand, the Total Collection in February had shown for Rs. 1,82,345 Crores and it was falling down to Rs 1,77,852 crore, it leaving many in doubt over the state’s accounting performance When abnormal raise in Revenue Collections in a month that How there would be shortage in the Total collections ?
State Finance Minister Bugna Rajendranath Reddy’s style of function seems to be ashamed with such a disastrous financial management. Now it makes sense, why the state government was late in giving the March 2022 Monthly Indicators to CAG, in a way we were mesmerized by the Finance Mnistry of Andhra Pradesh.
In addition to the above, It is surprising to see the huge discrepancies in the revised estimates for the 2021-22 financial year’s head wise figures in the Budget 2022-23 and the Accounts submitted to the CAG for the Monthly Indicators respectively as below:
As per Revised Estimates and As per CAG Monthly Indicators
Revenue deficit: Rs 19,545 crore and Rs 8,370 crore
Fiscal deficit: Rs 38,224 crore and Rs 25,194 crore
Revenue collection: Rs 1,54,273 crore and Rs. 1,50,548 crore
Total receipts: Rs. 1,82,545 crores and Rs. 1,77,852 crores
Revenue Expenditure: Rs. 1,73,818 crores and Rs 1,58,919 crores
Is there such a huge discrepancy between the figures submitted as revised estimates by the State Finance Ministry and Monthly Indicators provided to CAG as on 31st March 2022? Is it fair system of Accounting Practices in the State.
Thanking You
Yours Sincerely,
( DINAKAR LANKA)
AP Political Feedback Pramukh.
Amaravathi.
