Wednesday 22 January 2020
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Himachal Pradesh fiscal deficit at Rs 3,870 cr in FY 18 :CAG

The fiscal deficit of Himachal Pradesh increased 31 per cent to Rs 3,870 crore in financial year 2017-18, as per the CAG report tabled in the State Assembly on Saturday. In 2016-17, the fiscal deficit stood at Rs 2,948 crore. Chief Minister Jai Ram Thakur tabled the CAG report in the Assembly on the last day of the Winter Session at Tapovan here. The audit report for 2017-18 was prepared by the Comptroller and Auditor General (CAG) in accordance with Article 151 of the Constitution. Providing an analytical review of the annual accounts of the state government, the CAG report stated that the fiscal deficit increased by Rs 922 crore from Rs 2,948 crore in 2016-17 to to Rs 3,870 crore in 2017-18. Primary surplus of Rs 990 crore and Rs 411 crore during 2015-16 and 2016-17, respectively turned to primary deficit of Rs 82 crore in 2017-18, it added. At the same time during 2017-18, the state s revenue receipts (Rs 27,367 crore) increased 4 per cent over the previous year (Rs 26,264 ...

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