Overview
- The CAG’s 2023-24 State Finances Audit Report, tabled on July 24, identified ₹49,649 crore in pending utilisation certificates that remain unsubmitted by key departments.
- Departments including Panchayati Raj, Education, Urban Development, Rural Development and Agriculture account for the largest share of unverified fund usage.
- Abstract contingency bills worth ₹22,130 crore lack detailed submissions and over ₹210 crore in advances remain unadjusted, raising misappropriation risks.
- Bihar’s budget outlay reached ₹3.26 lakh crore in 2023-24, spending hit ₹2.60 lakh crore and GSDP grew 14.47%, as internal debt and liabilities climbed.
- The Public Accounts Committee has reviewed only three of 388 audit paragraphs since 2008-09 and held no sittings for the 2023-24 report, exposing critical oversight failures.