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July 11, 2014

CAG praises WB Govt for improvement in fiscal situation

CAG praises WB Govt for improvement in fiscal situation

The CAG has praised the Trinamool Congress ledWest Bengal Government for improving the fiscal situation in West Bengal. Thestate government has succeeded in improving the fiscal situation during2012-13. Revenue receipts grew at a rate of 16 per cent, while the growth ofrevenue expenditure was 12 per cent, the CAG said in its report tabled in thestate Assembly.

 Thestate`s own revenue generation which stood at around Rs 21,128 crore in 2010-11, is slated to grow to Rs 45,414 crore by the end of the current financialyear of 2014- 15.

The revenue receipt on this count increasedfrom virtually zero from the Left Front regime to Rs 1,283 crore as per theactual figures for 2012- 13,  Rs 1,436crore as the revised estimate figure of 2013- 14 and Rs 1,651 crore as per thebudget estimates of 2014- 15.

According to him the state`s debt to GrossState Domestic Product (GSDP) improved from 39.54% during 2010-11 which is thelast fiscal of the previous Left Front regime to 35.33% in 2013- 14.