Para 12.1 — CAM

Further, reported heads to be taken in independent excess. FINANCE ACCOUNTS 12.1 FINANCE ACCOUNTS OF UNION GOVERNMENT 12.1.1 The Finance Accounts of the Central Government comprises of the accounts of the Central Government as a whole and includes transactions of Civil Ministries/Departments, Ministries of Defence and Railways and the Departments of Posts & Telecommunication. It presents the accounts of receipts and outflows of the Central Government for the year together with the financial results disclosed through accounting data and statements. These accounts include the Revenue and Capital Account, Public Debt account and other liabilities and assets worked out from the balances in the accounts and are presented in the form of various statements in the Finance Account. The Finance Accounts is the Audited account of the Union Government presented to the Parliament. It is supplemented by the accounts separately presented in the form of Appropriation Accounts.

(a) Statements of Finance Accounts, SCTs and other materials. Principal Accounts Offices relating to Ministries / Departments, AG and separated Accounts Organizations of Union Territory Administrations/Governments.

(b) SCTs and other material. Dy. Director General, Postal Accounts.

(c) SCTs and other material. Dy. Director General, Telecommunications.

(d) SCTs and other material. Controller General of Defence Accounts.

(e) SCTs and other material. Railway Board.

Head of Opening Balances adopted Revised Receipt Disbursement Closing account balance through proforma from opening during during the balances (Major & as on As.G./ Pr.A.Os during balance the year as on Minor 1st April the course of year (AG- as on year 31st head of wise details and the 1st March account) particulars of April communications (Col. 2- returning certified 3) proforma 'B' should be given separately in an

(In Thousands of Rupees)

Annexure) 1 2 3 4 5 6 7

(i) The minor heads of account indicated under each major head are strictly in accordance with the revised List of Major and Minor Heads of Account.

(ii) The ‘Receipts’ and ‘Disbursements’ against each major/minor head of account during the year matches with the corresponding figures shown in the SCT.

(iii) The figures appearing under Disbursement (column 6) and Closing balance (col.7) under the Minor heads below Major Head 8658 to Major Head 8662-Suspense Accounts, as the case may be, indicates that certain items/transactions remain outstanding. This may be on account of non-clearance or adjustment to the final head. No Outstanding balance should normally remain under any of the minor heads at the end of a year, and the same should be ensured.

(iv) If there are debit balances under the heads against which there should normally be credit balances or vice versa, the reasons for such Adverse Balances should be explained fully through footnotes. The action taken for liquidation of the adverse balances should also be indicated.

(v) Normally, there should be no minus figures under the columns relating to receipts/disbursements during the year. In case there are any such minus figures, the full reasons are required to be indicated.

(vi) The opening balances under Debt, Deposit, Suspense and Remittance heads should match with the respective closing balances in the preceding year's statement.

(vii) If any footnote in the Statement of Finance Accounts during earlier year was in the form of promise for further action/probe/remedial step, it should be ensured that such action is taken in the subsequent year, and if it was not done the reasons for the same should be indicated.

totalling will be done for each sector/sub-sector/major head at every stage, with the grand total being recorded at the end.

The total Revenue Receipts and Expenditure for the current year are compared with those of the previous year. The increase in respect of Defence, Railways and Posts is shown as a single figure, while the reasons for increase in civil departments are explained for those major heads where the increase is marked.

At the end of the Statement, transactions of Ministry of Railways are analyzed, showing their Revenue Receipts and Revenue Expenditure, the net surplus, transfer to the respective Reserve Funds and the distribution of net revenue into dividend for General Revenues if any. This write up is vetted by the Ministry of Railways before incorporating in the Statement.

(i) Statement of Borrowings: This part contains the debt position at the commencement of the year, Receipts and Repayments during the year, the debt position at the end of the year and the net increase during the year relating to Public Debt and the liabilities on Small Savings, Provident Funds, etc. The components of Market Loans raised during the year are also shown separately as well as the total outstanding liability of the Central Government.

(ii) Other Obligations: This part of the statement includes similar information as mentioned in

(i) above in respect of Reserve Funds and Deposits (both for Funds/Deposits bearing interest and not bearing interest) separately.

(iii) Service of Debt: In this part of the statement, transactions of the current year and the previous year are compared in relation to total interest paid by the Government indicating the interest on

(a) Public Debt and Small Savings and Provident Funds

(b) Reserve Funds and

(c) Other Obligations. Total expenditure on interest and net amount of interest charges after adjustment of

(i) interest received on loans to State/UT Governments,

(ii) interest received from investment of cash balances & other items and

(iii) interest from Departmental Commercial Undertakings, PSUs/PSEs and other undertakings including Railways and Posts & Telegraphs, are reflected in this statement. These are also shown in terms of Percentage to the total revenue receipts. A footnote showing the amount of Dividend received on investments in the commercial undertakings is also incorporated.

S. No. Loanee entity Year of Sanction Sanction Order No. Amount Rate of Interest 1 State and Union Territory Governments 2. Other loanee entities TOTAL

(i) the summary of Loans and Advances showing Loanee group-wise details.

(ii) the summary of Loans and Advances Sector-wise details

(iii) the summary of repayments in arrears from State/UT Governments and other loanee entities.

1. Out of total amount of ₹ ……… lakhs paid as loans to State/Union Territory Governments, loans granted to cover gaps in resources of the State/Union Territory amounted to ₹ …… lakhs.

2. In pursuance of the recommendations of the 13th Finance Commission, repayments by the States/Union Territories amounting to ₹ ……… lakhs have been written off up to March 31, (xxxx).

3. At the beginning of the year, there was a balance of Rs……lakhs sanctioned to State Governments as Ways and Means Advances. During the year, an amount of ₹ …......Lakhs was paid as Ways and Means Advances to State Government for clearance/avoidance of overdrafts from the RBI. The State Governments repaid ₹ …... lakhs during the year leaving a balance of Rs….. lakhs.

4. Following are the cases of a loan having been sanctioned as “loan in perpetuity’: (In lakhs of rupees)

1 Power 2 Co-operative 3 Irrigation 4 Road & Transport 5 State financial Corporations 6 Urban Development and Housing 7 Other Infrastructure 8 Any Other

1. The sector-wise details of Prior Period Adjustments made in the account, along withthe debit and credit totals of the PPAs; 2. The significance of “Government Account” head and the closing balance under it; 3. The debit or credit balance (as on 31st March of the year) for each sector of theaccount.

Note: The details of Prior Period Adjustments and impact of Prior Period Adjustments involving Capital expenditure Heads, if any, on Capital expenditure are to be disclosed in Finance Accounts in terms of Indian Government Accounting Standard (IGAS) 4-Prior Period Adjustments, which is applicable for the financial statement for the period commencing from the 1st day of April, 2023.