Preface This is the twelfth issue of our Annual Publication ‘Accounts at a Glance’. The Annual Accounts of the State Government are prepared and examined under the directions of Comptroller and Auditor General of India (C&AG) in accordance with the requirements of the Comptroller and Auditor General's (Duties, Powers and Conditions of Service) Act, 1971 for being laid before the Legislature of the State. The Annual Accounts consist of (a) Finance Accounts and (b) Appropriation Accounts, Finance Accounts are summary statements of accounts under the Consolidated Fund, Contingency Fund and the Public Account. The Appropriation Accounts record the Grant-wise expenditure against provisions approved by State Legislature and offer explanations for variations between the actual expenditure and the funds provided. The Principal Accountant General prepares the State Finance Accounts and the Appropriation Accounts. ‘Accounts at a Glance’ provides a broad overview of the Governmental activities, 4s reflected in the Finance Accounts and Appropriation Accounts. The information is presented through brief explanations and statements. We look forward to suggestions that would help us in improving the publication. Srinagar (VENKATESH MOHAN) Dated: PRINCIPAL ACCOUNTANT GENERAL.CHAPTERI OVERVIEW The Monthly Accounts of the State Government are compiled and consolidated from the accounts submitted by the Treasuries, Public Works and Forest Divisions, etc. to the Senior Deputy Accountant General (Accounts). Besides, the Finance Accounts and the Appropriation Accounts are prepared annually by the Principal Accountant General, under the directions of the Comptroller and Auditor General of India in accordance with the requirements of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971. ‘The Accounts of Government are kept in the following three parts: PartI Consolidated Fund Part I Contingency Fund Part I Public Account ‘There are two main divisions under the Consolidated Fund: The Revenue division (Revenue Account) deals with the proceeds of taxation and other receipts classed as revenue and the expenditure met there from, the net result of which represents the revenue surplus or deficit for the year. In the Capital division, the section ‘Receipt Heads (Capital Account)’ deals with receipts of capital nature which cannot be applied as a set off to capital expenditure. The section ‘Expenditure Heads (Capital Account)’ deals with expenditure met usually from borrowed funds with the object of inoteasing concrete assets of a material and permanent character. It also includes receipts of a capital nature intended to be applied as a set off to capital expenditure. The section ‘Public Debt, Loans and ‘Advances, etc.’ comprises loans raised and their repayments by Government such as ‘Internal Debt’ and ‘Loans and Advances’ made (and their recoveries) by Government. In the Contingency Fund, the transactions connected with the Contingency Fund established under Section 116 of the Constitution of Jammu and Kashmir are recorded. In the Public Account, the transactions relating to ‘Debt’ (other than those included in Part 1), ‘Deposits’, ‘Advances’, ‘Remittances’ and ‘ Suspense’ are recorded. Annual Accounts of the Government of Jammu and Kashmir for the year 2009-2010 have recently been presented to the State Legislature. Audit Report of the Comptroller and Auditor General of India for the year 2009-2010 is being presented separatelyFinance Accounts Finance Accounts present the accounts of receipts and outgoings of the Government for the year (ogether with the financial results disclosed by the revenue and capital accounts, the accounts of the public debt and the liabilities and assets as worked out from the balances recorded in the accounts During 2009-2010 (otal receipts amounted to % 21607 crore, comprising Revenue Receipts of % 17588 crore (Rs.4942 crore Tax revenue, € 955 crore Non-Tax revenue and & 11691 crore Grants- in-aid and Contributions), and Capital Receipts of 4019# crore ‘Total disbursements during the year amounted to € 21607 crore out of which € 15324 crore (71 %) were disbursed on revenue account and the balance & 6283 crore (29 %) on capital account. Appropriation Accounts Appropriation Accounts bring out the expenditure of the State Government against amounts voted and charged by the State Legislature and supplement the Finance Accounts. These comprise accounts of 7 Charged Appropriations and 29 Voted Grants Appropriation Acts, 2009-2010 had projected a Gross Expenditure of € 24824 crore, including Supplementary Grants totaling & 1117 crore, voted by State Legislature during the year. An amount of 2320 crore was projected as recovery in reduction of expenditure. Appropriation Accounts 2009-2010 show disbursements aggregating € 26214* crore against the aggregate budget provision of % 24824* crore, resulting in net Excess of % 1390 crore against Grants and Appropriations, The net excess from budget was mainly under the grants controlled by:~ Department Grant No | Net Excess over Budget (2 incrore ) 1. | Finance Department 08 2284 2. | Public Works 16 240 3. _ | Public Health Engineering 23 134 Power Development Department 06 112 Higher Education Department a 1 6. _ | Tourism Department 20 33 7. | Social Welfare Department 18, 20 Recoveries in reduction of expenditure amounted to % 1033 crore reflecting decrease of € 1287 crore vis-a-vis budget estimates. 7 Conspses grove Revenue expedite, Capital oulay, Repayinet of Publ Debi apd Payment of Loans and Advances otk Voted & (Charged and Orginal & Supplementary Comprise Recovery of Loans and Advances ( 2 Crore), Capital Receipts ( 28 ctor), nt recite from Public Debt % 2121 Crore), CContageney Fund (© (-) 1.00 Croce), Public Aecout(€ 1874 Crore) minus intease in Cash Balance (€ 5 Cie)CHAPTER-IL HIGHLIGHTS OF ACCOUNTS @ in crore) S.No. Budget Actuals | Percentage | Percentage of Estimates of Actuals to | Actuals to apr 2009-2010 | BE 1, | Tax Revenue (A)_4891 | (A) [4942 101 13 2. | Non-Tax Revenue 1219 | 955) B 2 3. | Grants-in-aid & Contributions | 13252 11691 88 31 4_ | Revenue Receipts (142+3) | 19362 | 17588 91 46 5. | Recovery of Loans & 3 2 6 ee Advances 6. | Other Receipts I - 28 100 = 7. | Borrowings and other ®) liabilities @ 2205} (B) | 3989 181 10 8. | Capital Receipts (5+6+7) 2208 | 4019 182 10 9. | Total Receipts (4+8) 21570 21607 100 56 10 | Non-Plan Expenditure (NPE 14209 | 14919 105 39 11. | NPE on Revenue Account 14023 14771 105 39 12. | NPE on Interest Payments out of I 1726 2138 124 6 13. | NPE on Capital Account 186 #] 148 80 14. | Plan Expenditure (PE) 7361 6688 9 17 15. | PE on Revenue Account 703 553 79 1 16. | PE on Capital Account 6658 6135 92, 16 17, | Total Expenditure (10+14) (©) |__21570| (©) | 21607 100 56 18, | Revenue Expenditure (11415) 14726 15324 104 40 19. | Capital Expenditure (13+16) (D)| 6844) (Dy | _6283 92. 17 20. | Revenue surplus (4-18 ) 4636 2264 49 6 21, | Fiscal Deficit (445+6-17) 2205 3989 181 10 (A) Batimaes / Acta include shite of net proceed ofthe Divisible Union Tare asigned to State (Estimates : © 18H0 crore: Asal: € 1915 (@) Estimates / Actuals comprise net recips from Public Debt (ncuding temporary loans from the Jammu and Kashmir Bank Limited) CContingeney Fund, Publi Account minus increase is eash balances (©) Fotinates/ Actual comprise Revenue Fependitue, Capital outlay ané Loans and Advances given bythe State Government (D)Estimaes/Actas comprises Copal ouay and Loans and Advances disbursed Estimates: € 6779 cote and € 65 eroce respectively) (Actuals: E5234 Crore and 49 Crore respectively) Less than 05 percent. @ Includes provision fr Aditonal Resources Mobilization of ® 100 Crore, However, the Bus for 2008-10 doesnot speifclly inet the our rough which it was proposed ta be mobilize, Inches Bstimates(€ 65 crore) and Actuals (€49 Crore of loans and Advances disbursed bythe Gow.Receipts and Disbursements ‘Total receipts during the year were € 21607 crore, against which total disbursements were % 21607 crore. The following table summarizes the State Accounts for 2009-2010:- @ in crore) Total Receipts 21607 Total Disbursements 21607 ‘Revenue Receipts 17588 Revenue Disbursements 15324 Capital Receipts 4019 Capital Disbursements 6283, 19% Total Receipts Total Disbursements 29% 71% 81% [iRevenue Receipts EiCapital Receipts TiRevenve Disbursements _ [Capital Disbusements RECEIPTS Revenue Receipts Net Tax Revenue of % 4942 crore and Non-Tax Revenue of % 955 crore during 2009-2010 formed 13 per cent and 2 per cent respectively of the GSDP. Major contributors to Revenue were Grants-in-aid and Contributions. Net Tax Receipts (including divisible taxes transfers) during the year were more than the budget estimates by & 51 crore and non-tax receipts were less than the budget estimates by & 264 crore during 2009-2010.5 Share of various Tax, Non-Tax Revenue and Grants-in-Aid Receipts is given below: - Revenue Receipts and Grants-in- aid and Contributions and Contributions to Total Revenue ‘Components Actuals Percentage to total Revenue (& in crore) Receipts ‘A. Tax Revenue 4942 28 Taxes on Income and Expenditure * 1372 8 Taxes on Property and Capital Transactions 87 = Taxes on Commodities and Services 3483, 20 B. Non-tax Revenue 935 3 Fiscal Services - - Interest Receipts, Dividends and Profits 55 “ General Services 54 “ Social Services 32 co Economic Services 814 5 C. Grants-in-aid and Contributions T1691 o7 TOTAL-REVENUE RECEIPTS 17588 100 © Share of Net proceds of Corporation Tax and Taxes oa Tacome oter than Corporation Tat aeigned to Sse) oy" Lesd tha OSpereatCapital Receipts Compared to the Budget Estimates, there was an overall increase of € 1811 crore in Capital Receipts. This was mainly under Public Debt and Deposits and Advances DISBURSEMENTS Revenue Disbursements Revenue Disbursement (net) was 40 percent of GSDP. It exceeded the budget estimates by % 598 crore 748 crore excess under Non-Plan and & 150 crore less under Plan. Capital Disbursements Capital Disbursements were 16 percent of the GSDP. It fell short of the budget estimates by % 561 crore. Under the Non-Plan, Capital disbursements fell short by 38 crore and by € 523 crore under Plan, Plan Disbursements During the year 2009-2010, Plan disbursements amounted to % 6688 crore under State and Central Plans. Non-Plan Disbursements Non-plan Disbursements during 2009-2010 were & 14919 crore, consisting of € 14771 crore under Revenue and & 148 crore under Capital. Sectoral distribution of expenditure and its percentage to (otal revenue expenditure is given below:- SECTORAL DISTRIBUTION OF EXPENDITURE AND ITS PERCENTAGE TO TOTAL REVENUE EXPENDITURE ‘Components Amount Percentage to Total & incrote) _| Revenue Expenditure A. Fiscal Services 141 1 @ Collection of Taxes on Income and Expenditure . . (i) Collection of Taxes on Property and Capital ~ . transactions (ii) Collection of Taxes on Commodities and n 1 Services (iv) Other Fiscal Services 1 = B. Organs of State 108 1 C. Interest Payments and Servicing of debt 2139 14 D Administrative Services 2489 16 E. Pensions and Miscellaneous General Services 1568 10 F. Social Services 4258 28 G. Economic Services 4621 30 H. Grants-in-aid and Contributions - - TOTAL EXPENDITURE (REVENUE ACCOUNT) 18324 100 * Tess than 0.5 percentpomiodioet som 10 secu PostAey 20x, TORE a w om | w zw | art | 06 ss | gor | 9st | 96 | oor | cor | cor 1 | smouosg, 2499 (ta | oor | wor |e (arse fos ser as % 6 | wodsara (* oi [ on) ese 6] sere | 90t | 90r_|_18tz | 06, sust_[ sé} bit [saat SION CAT oR 6 ws sx | eo 9s | ie | on | g6 | ve | oor | cor | nie | v6 36 | sot pools» vwonedy (1 307 mr fm | or | ist | er] vr | wr ot | oo | sar | oor | oor | ser | woudopacq remy $6 os | ves | 6 gs_| we | 6 | sor | 199 | oor | sor _| sos | 96 96__| sus $6 66 | ue | 96 05 | ue | 96 | zor 36 96 s | we w | usr a 2 wiveH Ge SImIRD ay uy ‘sods. i 6 | t60oz_| 68 os_| eser_| eo so | ot | 96 o6_| vst | v6 6 _|_9901_| ‘woneonpa (t “RDS | WeEos “a au | wa aa [| ae au | wa TY [TE | scnowy | TE | TE [nowy om | ox | runowy| oy | ory frunowy | or | os | runomy | ora | ox ay | ox sopag OFOT"6007 6007-8007 8007-L007 L007 9007 9007-007 101) WF yy SUOLOAS GALATAS NI AUALIGNAAX 40 LNAWALVIS =Moaq yno IYNOAG St 9TOZ-6O0Z PUE 9007-S00T Ha9M}aq SxO}>5 yuE}ZoduNT aUOS UT aaNyIpUOAA Jo PUD, WANLIGNadXa AO GNAULDEBT AND LIABILITIES Outstanding Debt at the end of 2009-2010 stood at € 28724 crore, comprising Internal Debt of € 15449 crore, Loans and Advances from Central Government % 3144 crore and other liabilities accounted under Public Account € 101319 crore. The State also acts as a Banker and Trustee in respect of deposits like small savings collections, provident funds and deposits. There was an overall increase of € 2237 crore in respect of such liabilities of State Government during 2009-2010. Interest payments on debt and other liabilities totaling & 2138 crore constituted 14 percent of revenue expenditure of € 15324 crore. Interest payments on public debts were € 1667 crore (Internal debt % 1584 crore and loans and advances from Central Government % 83 crore) and & 471 crore on other liabilities. Expenditure on account of interest payments increased by & 561crore during 2009-2010. Internal debt of % 5663 crore raised during 2009-2010 was mainly used for (i) discharge of debt obligations (& 3574 crote) and (ii) payments of interest (& 2138 crore) INVESTMENTS AND RETURNS Total investment as share capital in Statutory Corporations, Rural Banks, Government Companies, Joint Stock Companies and Partnerships and Co-operative Institutions and Local Bodies stood at % 181.91 crore, & 6.46 crore, € 211.50 crore, € 0.34 crore and & 22.62 crore respectively aggregating (o € 422.83 crore at the end of 2009-2010. A dividend of % 44.16 crore# was received during 2009-2010. While investments during 2009-2010 increased by = 58.22 crore, as compared to 2008-2009, increase in dividend has been & 3.31 crore. LOANS AND ADVANCES BY THE STATE GOVERNMENT Total loans and advances made by the State Government at the end of 2009-2010 are & 1066 crore. Recovery of principal amount aggregating € 6 crore* and interest on loan amounting to & 11* crore is in arrears at the end of 31st March, 2010. Total loans and advances to Government Corporations/Companies, non-Government Institutes, Local bodies, etc. at the end of 2009-2010 are € 741 crore. FINANCIAL ASSISTANCE TO LOCAL BODIES AND OTHERS Assistance to Local Bodies etc. during 2009-2010 was & 552 crore, It increased from & 274 crore in 2005-2006 to € 552 crore in 2009-2010 showing 101 per cent increase in the last five years. Institutions receiving financial assistance from the Education, Housing and Urban Development Department , Agriculture Department and Tourism Department consumed the major portion of the total grant during the five years from 2005-2006 to 2009-2010. “The Tamane & Kashmir Bank Limited have eedted € 3.56 crore and Tammw and Keahmir Cements Limited € 0.60 crore ito Goverment Account during 2009-2010 representing dividends relating o profit (or the years 2008-2008 and 2005-2006 respectively + Relate to Loans, the dele accounts fr which are maintained bythe AG's Offic, Information regarding recoveries in arere (both principal and interest) in respect of Loans the dealed Accounts of which ae mainuined by the Deparsoenal Officts has not bea furnished by the concerned ¥ Comprises Creit lances under Small Savings, Provident Funds, Reserve Fandsexelading investment of © 11 Crore ut of Reserve Rand) and DepositsCOMMITMENTS ON ACCOUNT OF INCOMPLETE CAPITAL WORKS Upto the end of the year 2009-2010, a total expenditure of € 495 crore was incurred by the State on various projects, estimated to cost & one crore and above, taken up by Engineering Departments* APPROPRIATION ACCOUNTS ‘The Appropriation Accounts of the Government of Jammu and Kashmir for the year 2009-2010 present the accounts of sums expended in the year ended 31" March, 2010 compared with the sums specified in the Schedules appended to the Appropriation Acts passed under Section 81 and 82 of the Constitution of Jammu and Kashmir. ‘The Appropriation Accounts show that in the year 2009-2010, there was actual expenditure of € 26214 crore, comprising & 15587 crore of Revenue Expenditure, € 7004 crore of Capital Expenditure, € 3574 crore of Repayment of Debt, and & 49 crore of Loans and Advances by the State Government. There were savings/excesses under Revenue / Capital / Public Debt / Loans and Advances with reference to total grants allocated by the State Legislature. & in crore) S. | Nature of ‘Original | Supplemen- | Re-appro- Total ‘Actual | Savings (-) No. | expenditure grant} tary grant | priation expenditure | Excesses w 1 Revenue Voted 13405, 296. =| 13701 | 13427 | (274 Charged 1754 226 -| 1980 | 2160 | (+) 180 2. | Capital Voted 7675, 595 - 8270 7004 (-) 1266 Charged - = - - - - 3. Public Debt Charged 808 = : 808 3574 |) 2766 4 | Loans and Advances Voted 6 : - 6 ED O16 Total 23707 iT =| 24824 26214 (+1390 1 Taformation in respect of Roads and Bridges (Public Works) aad Iigation and Flood Control Departments of Kashmir Division is awaited Sept, 2010)10 Details of persistent savings / excesses on a few selected grants / appropriations are given below: PERSISTENT SAVINGS / EXCESSES TREND OF EXPENDITURE ON SELECTED GRANTS SHOWING ‘Revenue Section Year Grant No/Department Total allocation Percentage of @ in crore) Savings to total grant Savings:- 2005-2006 1/General Administration Department | 133 | iB 2006-2007 89 2 2007-2008 ~do- 97 19 2008-2009 ~do- 106 14 2009-2010 ~do- 141 20 2005-2006 2/Home Department 1174 10 2006-2007 ~do- 1302 | 8 2007-2008 -do- 1475 | 14 2008-2009 ~do- 1722 | 5 2009-2010 ~do- 2033 7 2005-2006 “iiiducation Department 1015 9 2006-2007 -do- 1087 5 2007-2008 ~do- 1235; 10 2008-2009 ~do- 1399 | 15 2009-2010 ~do- 1937 | 13, 2005-2006 11/lndustries and Commerce 88 6 Department it 2006-2007 -do- 3 9 2007-2008 -do- 95 | 6 2008-2009 -do- 105 | 9 2009-2010 ~do- 134 14 2005-2006 17/Health and Medical Department 532 8 2006-2007 -do- 579 4 2007-2008 ~do- 625 4 2008-2009 ~do- 722, 10 2009-2010 ~do- 873 5 2005-2006 22/lvigation and Flood Control 184 5 Department 2006-2007 ~do- 199 5 2007-2008 ~do- 230 9 2008-2009 ~do- 28 | 5 2009-2010 -do- 287 13u Capital Section Year Total allocation Percentage of Grant No. @ in crore) Savings to total Department | grant 2005-2006 1/General Administration Department | 25 68 2006-2007 -do- | 36 38 2007-2008 -do- 50 40 2008-2009 -do- 35 27 2009-2010 -do- 29 28% 2005-2006 13/Animal Husbandry Department 10 40 2006-2007 -do- [ B 52 2007-2008 =do- [ 12 a 2008-2009 -do- [ 18 47 2009-2010 -do- 25 36, Persistent excess of expenditure over allocation for the years 2005-2006 to 2009-2010 has also been registered as detailed below:- Revenue Section ‘Year Total allocation Percentage of Grant No. @ in crore) Excess to total Department grant 2005-2006 25/Labour,Stationery and Printing | 24 46 2006-2007 -do- I 25 a4 2007-2008 ~do- I 28 a2 2008-2009 -do- 32 31 2009-2010 -do- 36 132 * As against persistent Saving from 2005-2006 to 2008-2009 an excess of 28 percent over total allocation for 2009-2010 was recorded.12 DEFICIENCY IN BUDGET DOCUMENTS In a significant departure from the budgetary practice envisaged in Jammu and Kashmir Budget Manual, the State Government placed lumpsum Budgetary Grants with the Controlling Officers against some specific schemes having various primary units and the Drawing and Disbursing Officers continued to incur expenditure on various schemes, not contemplated in the approved Demand for Grants. Besides, Plan provision has invariably been indicated in lumpsum below each Major head of Account. Although, a Plan Budget document has been issued separately, this publication also proved inadequate as lump sum provision could not be distributed among proper schemes for preparation of Appropriation Accounts. Further, the supplementary grants in most of the cases have been obtained in lumpsum against the respective Major heads without giving schematic breakup there under. Due to these deviations from the basic Government Accounting Principles, Audit has been deprived of: (a) Making comparison of excess/ saving sub head-wise to the extent of 23% of total provision of % 24824 crore, (b) Comment as to whether the expenditure incurred on the schemes was legally available and not utilized on any “New Instrument of Service/ New Service” not provided for in the approved Demand for Grants, (©) Comment as to whether there was the need for obtaining additional funds for a particular scheme or and whether the supplementary grants obtained were fully utilized on the schemes for which these funds were obtained. RECONCILIATION OF ACCOUNTS Accuracy and reliability of accounts depend, among other things, on timely reconciliation of the departmental figures with the accounts figures. Before annual accounts are finalized, the Heads of the Departments / Controlling Officers reconcile the departmental accounts figures with those booked in accounts compiled by the Accountant General. The reconciliation of accounts figures is to be done monthly but in the year 2009-2010 there was delay in reconciliation of the accounts by the departmental authorities. Out of a total number of 311 Controlling Officers, 104 Controlling Officers had not completed the reconciliation in respect of the expenditure of € 12731 Crore which constituted 59% of the total revenue and Capital expenditure during the year 2009-2010. SUBMISSION OF ACCOUNTS BY TREASURIES During 2009-2010 a total of 77 Treasury, 100 Public Works and Power Development and 112 Forest Accounts had to be adjusted in monthly accounts compiled after their respective due months of compilation, owing to their belated receipt. However, no initial account was excluded from Government Accounts for 2009-2010, Vouchers amounting to & 3.99 crore were found missing from the monthly treasury accounts relating to the year 2009-2010,13 CHAPTER-IIL TRENDS IN GOVERNMENT REVENUE AND EXPENDITURE Trends in Government Revenue Receipts and Revenue Expenditure from 2003-2004 to 2007-2008 is given below: Revenue Receipts & in crore) ‘Year| Tax Revenue [_ Non-Tax | Grants-in-aid Gross [_ GSDP] Percentage of Revenue and} Revenue Gross Revenue Contributions | Receipts Receipts to GSDP 2005-2006 2762 536 7017 10315 26537 39) 2006-2007 3212 633 7337 | 11182 29029 39) 2007-2008 4333 808 8136 | 13277 |__31793# 42 2008-2009 4510 837 8955 | 14302 4 2009-2010 4942 955) 11691 17588 | 38298# 46 14000 12000 10000 8000 | 6000 4000 za i i. 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010 [[BTaxRevenue MNon-Tax Revenue _Grants-in-aid & Contribution # Preliminary figures.14 Revenue Expenditure @ in crore) Year Revenue Total | GSDP Percentage increase Percentage of Expenditure | Expenditure # Over preceding year Total (Actuals) Revenue Total | GSDP | Expenditure to Expenditure | Expenditure GSDP 2005-2006 [9921 12994 2653719 23 9 49 2006-2007 | 10614 13114 29029 7 1 9 45 2007-2008 | 12189 15945 31793 15 22 10 50. 2008-2009 | 12047 17054 34805 [OT 7 9 49 2009-2010 | 15324 21607 38298 | 27 27 10 56 # ‘Comprises Revenue Expenditure, Capital Outlay and Loans and Advances given by the State Government 2005- 2006 2006- 2007 2007- 2008 2008- 2009 2009- 2010 GRevenue Expenditure M Total Expenditure15 The overall increase in the Government's Total Expenditure during 2009-2010 compared to 2005-2006 has been & 8613 crore. Growth in major areas of Revenue Expenditure is shown in the following table:~ (@ in crore) ‘Areas of expenditure | 2005-2006 | 2006-2007 | 2007-2008 | 2008-2009 | 2009-2010 Percentage inctease/ decrease in 2007-2008 over last year Interest Payments and Servicing of Debt us 1787 2436 1578 2139 36 Pension and Miscellaneous General 929 1021 1193 1269 1568 24 Services | Administrative 1512 1723 1845 2211 2489 13 Services i Agriculture and Allied 575 598 661 701 834 wg ‘Activities GOVERNMENT ACCOUNT The Total Expenditure (Revenue and Capital) for the year is netted against total receipts (Revenue and non-debt Capital receipts) of the year and the surplus/deficit thereof is transferred to a separate ledger called “Government Account”. In addition, net effect of Prior Period Adjustments, Miscellaneous Government Accounts, etc. is also transferred to the ledger “Government Account”. Thus, the ledger “Government Account” represents the cumulative surplus/deficit of the operations of the Government. The details of the ledger “Government Account” for the past five years are given below :~ (@ in crore) Year Revenue Heads Capital Heads * Other | Deficit |Camula- Heads# | forthe | tive Receipts | Disbur-| Deficit” Receipis | Disbur- | Deficit |Deficiv | year | Deficit sements | Surplus sements | Surplus | Surplus at the end of the | year 2005-2006 | 10315 [9921 | Rt =] 3020 | 3020 |r| 0)2625 6 18257 2006-2007 [11182 [10614 | (4) 568 =| 2456 | 2456 |) 1 | © 1887 (6) 20144 2007-2008 [13277 | 12189 |G) 1088 =| amis | 37i8 | @) 1 | ©2629 (922773 2008-2009 | 14302 [12047 | (492355 =| 4964) 64964 | COL O2708 | 25481 2009-2010 | 17588 | 15324 | (2264 2B] 6234) 6206] C71 | ©4013 | 29494 ‘Note () represents deficit and (1) represents surplus # Miscellaneous Government Accouat = Comprises Capital outlay onlyLIABILITIES 16 Liabilities of the State Government increased by % 4449 crore from & 24275 crore in 2008-2009 to % 28724 crore during 2009-2010. Public debt comprising internal debt of the State Government and loans and advances from the Central Government increased by % 2122 crore from & 16471 crore in 2008- 2009 to & 18593 crore at the end of the current year. No law has been passed by the State Legislature under Article 293 of the Constitution laying down the limits within which Government may borrow on the security of the Consolidated Fund of the State, Details of the Public Debt and total liabilities of the State Government are as under:~ @ in crore) Yar TaremaiDem ] Loaner & [Toul Pubic] Small | Provident | Other Tout | GSP wat ‘Advances | Debt Savings | Funde Oslgatons® | Lisiies ‘ota from Cental Government 2005-2006 7502 | 3508 [| 11010 | 220 | 3307 | 2253 | 16790 | 26537 63 2006-2007| 8766 | 3384 | 12150 | 233 | 3720 | 2488 | 18591 | 290291 64 2007-2008[ 10964 | 3262 | 14226 | 249 | 4046 | 2834 | 21355 | 31793, 67 2008-2009[ 13336 | 3135 | 16471 | 268 | 4485 | 3051 | 24275 | 34805| 70 2009-2010[ 15449 | 3144 [18593 | 333 | 5113 | 4685 | 28724 | 3829875 + Comprises Credit balance under Reserve Funds (excluding Investment of € 11 crore out of Reserve Funds) and Deposits. ee) IRENE ee ga See gah) SSIS) SSS SSS SSS PSSST SSSI) PTD PS PT Per PTET)17 STATE PROVIDENT FUND ‘The details of transactions from the State Provident Fund are shown in the following table:- @ in crore) Year ‘Opening ] Receipts | Payments Net Closing Interest Balance accretion Balance | charged on for the balance of ea PE 2005-2006 2910 858 61 397 3307 110* 2006-2007 3307 953 340) 413 3720 232" 2007-2008 3720 959 633 326 4046 250* 2008-2009 4046 1080 641 439 4485 298* 2009-2010 4485 1373 745 628 5113 344" * Figures have been communicated by the State Goverment and are on provisional basis. GUARANTEES ‘The position of guarantees by the State Government for the payment of loans and capital and payment of interest thereon raised by Statutory Corporations, Government Companies, Corporations, Cooperative Societies, etc. is given below:- (% in crore) At the end of the year Amount Guaranteed Amount outstanding (Principal) (interest) Principal Interest 2005-2006 4720 # 1866 94 2006-2007 3245 # 2482 82 2007-2008 3308 # 2780 21 2008-2009 3295 # 2496 AL 2009-2010 4748 44 2995 42 WAYS AND MEANS ADVANCES The Jammu and Kashmir Government obtained temporary loans Overdraft) from Jammu and Kashmir Bank Ltd. for its requirements. The State Government had temporary loans from the Bank for 365 days during the year, The maximum temporary loan obtained was © 2974.33 crore on 31-03-2010. The total temporary loans raised during the year amounted to & 3517.55 crore. A balance of % 2290.25 crore was also outstanding on Ist April, 2009. Government repaid € 2842.74 crore during the year leaving a balance of € 2965.06*crore on 31st March, 2010, “Figures are under econiliaton 4 Not frmished by the State Government18, According to the agreement executed by the State Government with the Jammu and Kashmir Bank Limited interest was charged during 2009-10 as under:~ ‘Amount ODI ‘OD-IT @ in finterestRatewef — [Interestrate wef | Interest Rate | Interest Rate Crores) | 1-04-2009 to 1-05-2009 to 31-03- | w.ef wef 30-04-2009 2010 1-04-2009 to. 1-05-2009 to 30-04-2009 2010 Upto 11.25% 9.50% 9,50 9,500 14.00% 12.25% 13.25% 11.75% 15,00 (Uniform (Uniform 15,01 © 14.50% 12.75% Rate) Rate) 20,00 720,00 18.00% 16.75% onwards During the year 2009-20010, % 2, 34.15 crore (% 2,12.68 crore OD-1 & % 21.47 crore OD-11) were paid as interest. GENERAL CASH BALANCES ‘The closing cash balance in banks according to the State Finance Department was & 5.49 crore (debit) against the cash balance of € 5.48 crore (debit) in banks reflected in State Government Accounts. The difference of € 0.01 crore was under reconciliation. Investment held in the Cash Balance Investment Account as on 31" March 2010 was & 37 crore (A). Other cash balances and investments of € 12.21 crore as on 31" March 2010 comprises of cash with departmental officers (& 1.23 crore), permanent advances with departmental officers (& 0.12 crore) and investment of earmarked funds (€ 10.86 crore). TA) Detalls of investment not provided by the State Government.CASH FLOW STATEMENT 19 The cash balance with the State Government increased from % 13 crore at the beginning of the year 2009-2010 to % 18 crore at its end, the details of sources and application of funds being as follows:- @ in Crore) SOURCES ‘APPLICATION S.No. | Kems ‘Amount [S.No] lems “Amount Non-plan Plan Total 1 [Opening Cash Balance ble Revenue um 33] 15304 Expenditure 2. State's share of Union z Capital pa 1915 Eaocatire 9 6135 6234 3. | Siaie’s own Revenue 3 Loans and collection 3782 Advances oy : ey repaid 4 | Central Grants? 7 Loans and Assistance Other than 11691 Advances “9 : 9 Loans given 5. | Miscellaneous Receipts 2S Closing Cash . 1s Balance 6 | Receipts from Public Debs. Small Savings, Provident Funds ete and Deposits and 451 ‘Advances (other than Central Loans) 7. | Receipts from Central Loans 2 5. | Recoveries rom borrowers 2 9. | Net Contebution from Contingency Fund o 10. _ | Neteffect of adjustment of Suspense and Remittance Balances 0364 and increase! decrease of Reserve Funds Total 21689 2164920 CONTINGENCY FUND Contingency Fund of the State is designed to meet contingencies. The following details will indicate the extent of use of this Fund during the year 2005-2006 | 2006-2007 | 2007-2008 | 2008-2009 | 2009-2010 ‘Number of withdrawals from Contingency Fund 28 3 34 30 ° Total withdrawals from Contingency Fund 0.68 0.70 0.74 0.94 192 (@ in Crore) Withdrawals from Contingency Fund not recouped to the Fund till the 0.43 0.18 030 042 1.38 cend of the year @ in crore) Note:- An amount of & 1.93 crore was sanctioned to be drawn from the Contingency Fund during the year 2009-2010, However, actual drawals were made to the extent of % 1.92 crore only. Out of which & 0.93 crore were recouped to the Fund during the year 2009-2010, Progressive un-tecouped sums, however, amounted to % 1.38 crore at the end of 2009-2010.