78 personal deposit accounts with unspent balance not closed: CAG
PTI, Dec 27, 2022, 9:02 AM IST
Belagavi: The Karnataka government did not close the 78 personal deposit (PD) accounts with an unspent balance of Rs 4,105.61 crore by the end of last fiscal as mandated under the Karnataka Financial Code, the Comptroller and Auditor General (CAG) has said.
In its audit of the financial accounts of the government, the CAG said such practices were not only violative of the legislative intent but also give room for misuse of public funds.
“At the end of March 31, 2022 there were 78 PD accounts with an unspent balance of Rs 4,105.61 crore, which were not closed as required under Article 286A of the Karnataka Financial Code. Such practices violate legislative intent, which is to ensure that funds approved by the State government for the financial year concerned are spent during the year itself,” the report said.
“Further, not transferring the unspent balance lying in the PD accounts to the Consolidated Fund of the State before the closure of the financial year entails the risks of misuse of public funds, fraud and misappropriation,” the CAG added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
MLC Ivan D’Souza defends CM Siddaramaiah’s Lokayukta appearance, criticizes BJP’s ‘Drama’ claims
Mangalore University to host Intercollegiate Women’s Kabaddi tournament at Besant College
MUST WATCH
Latest Additions
Felling of trees: What is being done to restore Delhi Ridge? SC asks DDA
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.