Overview
- As of March 31, 2024, 49,649 utilisation certificates totalling Rs 70,877.61 crore remained unsubmitted to the Accountant General, leaving the fate of these funds unverified.
- Detailed contingent bills worth Rs 9,205.76 crore are pending against 22,150 abstract contingent advances, undermining financial discipline.
- Bihar failed to produce supporting vouchers for Rs 22,470.94 crore in centrally sponsored scheme expenditures, obscuring audit trails.
- The state bypassed the Consolidated Fund by raising Rs 53.48 crore through off-budget borrowing with its Road Development Corporation and breached multiple IGAS accounting standards.
- Despite a Rs 3.26 lakh crore budget, Bihar utilised only 79.92% of its allocations in 2023–24 while its debt rose to 32.78% of GSDP and officials have not outlined reforms.