Utilisation Certs For 1,342cr Govt Funds Pending, Says Cag | Bhubaneswar News

Bhubaneswar: Utilisation certificates pertaining to 17 government departments, amounting to Rs 1,342.34 crore government funds, were pending for more than 10 years as on March 2022, a latest CAG report tabled in the state assembly on Friday said.
“Pendency in submission of UCs is fraught with the risk of fraud and misappropriation of funds,” the report said.
During 2021-22, the government released Rs 25,930.97 crore against which UCs should be submitted by the recipients. However, as of June 30 last year, UCs had not been received in case of Rs 18,104.15 crore or 69.82% of the total amount. There is, therefore, no assurance that the expenditure of Rs 18,104.15 crore had actually been utilised for the purpose for which it was authorised, the CAG stated.
The government “misclassified” Rs 1,338.20 crore as capital expenditure instead of revenue expenses for the financial year 2021-22 resulting in understatement of revenue expenditure by that amount, the CAG report said. According to data published by the Union ministry of mines, the District Mineral Foundation (DMF) Trusts, which had been constituted in Odisha, had, as of March 2022, received contribution of Rs 18,730.27 crore from mining lease holders and spent Rs 9,759.38 crore, leaving a balance of Rs 8,970.89 crore in the individual bank accounts of the DMF trusts in the state. This should have been maintained as part of the public account of the state, the audit watchdog said.

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