Assam Chief Minister Himanta Biswa Sarma chairs cupboard assembly. File.
| Photograph Credit score: PTI
The Comptroller and Auditor Basic (CAG) on Monday (Could 25, 2026) raised concern over the fiscal sustainability of the Assam Authorities in its report for the 2024-25 fiscal, pointing on the growing debt load, excessive dedicated expenditure and restricted capital funding within the State.
Within the report on state funds for 2024-25 tabled within the Meeting, the CAG additionally stated that the delay in submission of utilisation certificates, pending accounts of departmental undertakings and autonomous our bodies, is affecting monetary reporting.
It stated the state’s financial system confirmed average progress throughout the 2024-25 fiscal 12 months, with Gross State Home Product registering a progress of 13.07% as in opposition to the 2023-24 monetary 12 months.
The State contributed 1.95% to the nation’s GDP, with the determine on an growing development over the previous 5 years.
Throughout 2024-25, the state’s income receipts grew by 5.87%, pushed primarily by progress within the State’s share in union taxes and duties, larger tax collections, notably underneath SGST.
Nevertheless, non-tax income of the state declined by 9.34%, and grants from the Centre additionally decreased throughout the interval, the CAG report stated.
The State’s expenditure was dominated by a average progress of income spending (6.10%).
The CAG report stated that throughout the earlier 5 years, regardless of growing strain from dedicated expenditure, the state was in a position to keep a constant stage of fiscal flexibility, although with restricted scope for enlargement in discretionary and developmental expenditures.
Capital expenditure throughout the earlier 5 years remained “unstable and under budgeted ranges (apart from 2021-22), reflecting constraints in infrastructure funding”, the report stated.
Subsidies throughout 2024-25 elevated sharply (124.63%), primarily as a result of energy subsidies, the CAG famous.
“Consequently, the state was not in a position to arrest the income and monetary deficits throughout the goal ranges of the State FRBM Act, thereby rendering little room for fiscal consolidation,” the report stated.
“Although excellent liabilities remained throughout the numerical targets, this must be seen within the context of rising excellent off-budget borrowings and contingent liabilities by means of ensures,” it added.
The growing debt load, excessive dedicated expenditure and restricted capital funding elevate considerations about fiscal sustainability, the report stated, stressing income augmentation, higher expenditure management and structural reforms to make sure long-term fiscal well being.
The CAG stated transparency ought to be enhanced in off-budget borrowings, making certain well timed accounting and studies, and steps ought to be taken for extra considered finances provisioning.
Printed – Could 25, 2026 06:28 pm IST
