Overview
- Assam’s outstanding debt grew at an average 20.67% a year from 2019–20 to 2023–24, lifting the debt-to-GSDP ratio to 25.77% and suggesting debt stabilisation may not be feasible soon.
- Actual expenditure of ₹1,39,449.66 crore fell far below total grants and appropriations of ₹1,69,966.13 crore, creating ₹30,516.47 crore in notional savings as actual receipts of ₹1,38,830.79 crore undershot estimates.
- Only 0.35% of the year’s savings was surrendered, a pattern the auditor says reflects poor financial management and weak budget reliability across several grants.
- The legislature approved ₹30,210.86 crore in supplementary grants for 2023–24, with audit analysis finding only 74.19% was required, indicating allocative inefficiency and unnecessary supplementation.
- Accountability gaps persist with 6,335 utilisation certificates worth ₹18,669.55 crore pending and hundreds of annual accounts from autonomous bodies and PSUs overdue, as the CAG urges deficit reduction, realistic budgeting, stronger monitoring and tighter internal controls.