CAG raps AP for poor fiscal management

  • 31/03/2002

  • Business Line (New Delhi)

The Comptroller and Auditor General of India has found several lapses in the Andhra Pradesh Government's fiscal management approach. I its review for 2000-2001 and over a five-year time frame, the CAG faulted the State for its financial condition which it found had significantly declined during 2000-2001 due to extraordinary increase in revenue deficit despite increase in revenue receipts including State's share of Union taxes and duties.