Source: The Sangai Express
Imphal, Jul 1:
Presenting excess expenditures of voted grants and charged appropriations for the years 1999-2000, 2000-'01 and 2001-'02 and seeking its regularisation as recommended by the Public Accounts Committee of the Assembly under Article 205, Chief Minister O Ibobi today laid clear the grounds for the excess expenditures for the three past fiscals.
In 1999-2000, an expenditure of Rs 844.88 crores under 11 Grants and 3 Appropriations was incurred, said the Chief Minister and elaborated that out of this Rs 99.57 crores is related to revenue expenditure and Rs 745.31 crores to capital expenditure and loans and advances.
The excess under revenue expenditure was mainly due to payment of interest in market loans, interest on ways and means advance, payment of pay and allowances, payment of pension and other retirement benefits, investment in public sector undertakings, added Ibobi.
The excess under capital expenditure was mainly due to repayment of ways and means of RBI, installation of Heavy Fuel Power Project, REC loans and implementation of schemes under Plan.
An excess of Rs 85.77 crores was incurred under 5 Grants and 4 Appropriations in 2000-'01, informed the CM further.
Of this a sum of 72.82 crores is related to revenue expenditure and Rs 12.95 crores to capital expenditure, the CM elaborated.
The revenue expenditure accounts for payment of interest on market loans, interest on REC loans, State provident fund, ways and means, payment of pension and other retirement benefits etc, said the Chief Minister.
The excess under capital expenditure was mainly due to repayment of ways and means advances of RBI, RIDF loans, CPS etc.
In 2001-'02 the excess expenditure incurred was Rs 895.20 crores under 5 Gransts and 2 Appropriations, informed the Chief Minister to the House.
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