State Finances Audit Report of the Comptroller and Auditor General of India for the year ended 31 March 2024, Government of Manipur

The State Finances Audit Report for 2023-24 examines Manipur's deficits, debt, guarantees and off-budget borrowings, how faithfully the budget was executed, and the quality of the accounts. It concludes that the State's finances are heavily stressed.

State: Manipur
Audit period: 1 Apr 2023 — 31 Mar 2024
Presented: 10 Mar 2026

Findings

The fiscal deficit was 4.14 per cent of GSDP against a three per cent limit and total outstanding liability 41.94 per cent of GSDP — 42.28 per cent once off-budget borrowings are included; the audit concludes the State's finances are heavily stressed.
“In 2023-24, revenue surplus was 1.97 per cent of GSDP; fiscal deficit was 4.14 per cent of GSDP as against the limit of 3 per cent; total outstanding liability was 41.94 per cent of GSDP... Further, if the quantum of the off-budget borrowings is included as part of debt, the overall liability (Includes Public Debt and Public Account Liabilities) of the Government would be 42.28 per cent of the GSDP. Going by the fiscal trends, the State finances are heavily stressed.”Executive Summary
The State's own tax revenue fell 34.50 per cent in 2023-24, and total expenditure fell 6.12 per cent from ₹17,650.80 crore to ₹16,570.59 crore.
“The tax revenue increased by 7.48 per cent during the period and the State's own tax revenue decreased by 34.50 per cent in 2023-24. The total expenditure (revenue expenditure, capital expenditure and loans and advances) of the State decreased from ₹ 17,650.80 in 2022-23 to ₹ 16,570.59 crore in 2023-24, decreasing by 6.12 per cent.”Chapter I
Budget estimates exceeded the revenue outturn by 32.59 per cent and the capital outturn by 25.64 per cent, with 15 capital grants spending nothing at all; supplementary provision of ₹426.04 crore across nine grants proved wholly unnecessary.
“In Revenue section, Budget Estimates were (-) 32.59 per cent more than expenditure outturn... In Capital section, Budget Estimates was (-) 25.64 per cent more than expenditure outturn... It was noticed that supplementary provision of ₹ 426.04 crore during the year 2023-24 in 9 cases under 9 Grants (more than ₹ 10 crore in each case) proved unnecessary, as the expenditure did not come up even to the level of original provision.”Executive Summary
Excess expenditure of ₹11,205.82 crore under one appropriation, incurred between 2019-20 and 2022-23, had still not been regularised by the legislature, and a further ₹1,509.24 crore of excess disbursement in 2023-24 also awaits regularisation.
“Excess expenditure of ₹ 11,205,82 crore under Appropriation No. 2 occurring during the period 2019-20 to 2022-23 was not yet regularised in accordance with Article 205 of the Constitution. Additionally, during 2023-24, there was a total excess disbursement of ₹ 1,509.24 crore under one Grant and one Appropriation which also requires regularisation.”Executive Summary
Of ₹2,295.13 crore transferred to Single Nodal Agency accounts for centrally sponsored schemes during 2023-24 — all of it on abstract contingent bills — ₹619.46 crore was still parked there on 31 March 2024; outstanding guarantees stood at ₹1,482.56 crore.
“As per information available on the Public Financial Management System (PFMS) portal, during 2023-24, the State Government transferred ₹ 2,295.13 crore to the Single Nodal Account. The whole amount was transferred through Abstract Contingent bills. As on 31 March 2024, an amount of ₹ 619.46 crore, including both Central and State shares, were parked in SNA bank account... There was an outstanding guarantee of ₹ 1,482.56 crore as on 31 March 2024.”Executive Summary

Findings

The fiscal deficit was 4.14 per cent of GSDP against a three per cent limit and total outstanding liability 41.94 per cent of GSDP — 42.28 per cent once off-budget borrowings are included; the audit concludes the State's finances are heavily stressed.

“In 2023-24, revenue surplus was 1.97 per cent of GSDP; fiscal deficit was 4.14 per cent of GSDP as against the limit of 3 per cent; total outstanding liability was 41.94 per cent of GSDP... Further, if the quantum of the off-budget borrowings is included as part of debt, the overall liability (Includes Public Debt and Public Account Liabilities) of the Government would be 42.28 per cent of the GSDP. Going by the fiscal trends, the State finances are heavily stressed.”Executive Summary

The State's own tax revenue fell 34.50 per cent in 2023-24, and total expenditure fell 6.12 per cent from ₹17,650.80 crore to ₹16,570.59 crore.

“The tax revenue increased by 7.48 per cent during the period and the State's own tax revenue decreased by 34.50 per cent in 2023-24. The total expenditure (revenue expenditure, capital expenditure and loans and advances) of the State decreased from ₹ 17,650.80 in 2022-23 to ₹ 16,570.59 crore in 2023-24, decreasing by 6.12 per cent.”Chapter I

Budget estimates exceeded the revenue outturn by 32.59 per cent and the capital outturn by 25.64 per cent, with 15 capital grants spending nothing at all; supplementary provision of ₹426.04 crore across nine grants proved wholly unnecessary.

“In Revenue section, Budget Estimates were (-) 32.59 per cent more than expenditure outturn... In Capital section, Budget Estimates was (-) 25.64 per cent more than expenditure outturn... It was noticed that supplementary provision of ₹ 426.04 crore during the year 2023-24 in 9 cases under 9 Grants (more than ₹ 10 crore in each case) proved unnecessary, as the expenditure did not come up even to the level of original provision.”Executive Summary

Excess expenditure of ₹11,205.82 crore under one appropriation, incurred between 2019-20 and 2022-23, had still not been regularised by the legislature, and a further ₹1,509.24 crore of excess disbursement in 2023-24 also awaits regularisation.

“Excess expenditure of ₹ 11,205,82 crore under Appropriation No. 2 occurring during the period 2019-20 to 2022-23 was not yet regularised in accordance with Article 205 of the Constitution. Additionally, during 2023-24, there was a total excess disbursement of ₹ 1,509.24 crore under one Grant and one Appropriation which also requires regularisation.”Executive Summary

Of ₹2,295.13 crore transferred to Single Nodal Agency accounts for centrally sponsored schemes during 2023-24 — all of it on abstract contingent bills — ₹619.46 crore was still parked there on 31 March 2024; outstanding guarantees stood at ₹1,482.56 crore.

“As per information available on the Public Financial Management System (PFMS) portal, during 2023-24, the State Government transferred ₹ 2,295.13 crore to the Single Nodal Account. The whole amount was transferred through Abstract Contingent bills. As on 31 March 2024, an amount of ₹ 619.46 crore, including both Central and State shares, were parked in SNA bank account... There was an outstanding guarantee of ₹ 1,482.56 crore as on 31 March 2024.”Executive Summary