Online edition of India's National Newspaper
Saturday, May 11, 2002

About Us
Contact Us
Southern States
News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary |

Southern States - Tamil Nadu

`TN receipts not matching expenditure'

By Our Special Correspondent

CHENNAI May 10. The increased revenue receipts of the Tamil Nadu Government have not been able to keep pace with the unabated rise in revenue expenditure, leading to increased borrowings, according to the Report of the Comptroller and Auditor General of India for the year ended March 31, 2001, which was presented in the State Assembly today.

The assets of the State Government grew by only by 13.5 per

cent during 2000-01 while the liabilities grew by 18.1 per cent, mainly as a result of the 21.9 per cent growth in the deficit in the government account.

The share of revenue expenditure to total expenditure went down from 93.9 per cent to 91 per cent and remained significantly higher than the share of revenue receipts, leading to a revenue deficit of Rs.3,436 crores during 2000-01. The government had to depend only on borrowings to meet its Plan expenditure.

Interest payments increased by 112 per cent from Rs.1,476 crores in 1996-97 to Rs.3,124 crores in 2000-01. The recovery of loans and advances by the government went down from Rs.1,217 crore in 1997-98 to Rs.359 crores in 2000-01.

The return on government investments in companies, corporations etc. was negligible.

Inadequacies in the budgetary process and control over expenditure were indicated by substantial surrenders at the end of the year and huge excess expenditure in some grants.

Though the main objective of the Water Resources Organisation was to ensure effective management and distribution of surface and ground water for its optimum utilisation in a rational and scientific manner, a review of the working of the department revealed that inefficient scheme formulation resulted in non-creation of envisaged irrigation potential. Besides, poor execution and improper maintenance contributed to poor utilisation of potential created, the report added A review of the implementation of Environmental Acts and rules relating to air pollution revealed cases of industries operating without consent, shortfall in obligatory inspection of industries, inadequacy in ambient air quality and stack monitoring surveys and failure to set up common facilities for disposal of hazardous wastes and bio-medical wastes.

Send this article to Friends by E-Mail

Southern States

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary |


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu