12.5 PART – II DETAILED ACCOUNTS AND OTHER STATEMENTS
A – Receipts and Expenditure
This part contains seven statements: Statements 6 to 12
12.5.1 Statement No. 6-Statement showing Percentage Distribution of Revenue Receipts and Revenue Expenditure for the year: This statement is prepared in crores of rupees upto two decimal places. The information is furnished inthree columns. In the first half of the statement, the total Revenue Receipts is depicted component wise along with the percentage against the total Revenue Receipts. In the second half the various components of Revenue Expenditure are similarly depicted.
12.5.2 Statement No. 7- Statement showing the distribution between Charged and Voted Expenditure: This statement is prepared in thousands of Rupees and contains the following information depicting in a nutshell, the distribution of total expenditure between Charged and Voted expenditure: -
1. The distribution of the expenditure under the Consolidated Fund 2. Breakup of disbursement under Public Debt, Loans and Advances, Inter-State Settlement and Transfer to Contingency Fund
12.5.3 Statement No. 8-Detailed Account of Revenue Receipts and Capital Receipts by Minor Heads: This statement is prepared in thousand of rupees. This statement shows the following details of Revenue and Capital Receipts minor head wise:
(a) The totals at the SubMajor, Major head, and Sector levels
(b) Total Revenue Receipts,
(c) Capital Receipts and
(d) The total of Revenue and Capital Receipts. The reasons for minus transactions at Minor head levels except those under deduct heads are recorded as footnotes at relevant pages.
12.5.4 Statement No. 9 Detailed Account of Revenue Expenditure by Minor Head and CapitalExpenditure by Major Head:
12.5.4.1 This statement depicts the details of Revenue expenditure by minor heads and Capital expenditure by major heads. The breakup, if any, of expenditure into Charged and Voted components is also shown, with the charged expenditure shown in italics. The reasons for minus expenditure except those under deduct heads are recorded as footnotes at the relevant pages. This statement is prepared in thousand of rupees.
12.5.4.2 As per notification dated 19 May, 2011 issued by M/o Finance, Department of Economic Affairs (Budget Division), Indian Government Accounting Standard (IGAS) 2 on “Accounting and Classification of Grants-in-aid” has been introduced in Finance Accounts for the year starting from 2011-12 as disclosure to Statement No.9. It depicts total funds released as Grants-in-aid and funds allocated for creation of capital assets out of the total funds released during the financial year. Grants-in-aid in kind shall also be disclosed in quantitative terms. The statement is prepared in lakhs of Rupees up to two decimals.
What This Means
Part II of the Finance Accounts contains detailed accounts in two sections. Section A (Statements 6-12) covers revenue and capital receipts and expenditure in detail — including percentage distribution, charged vs voted breakdown, minor-head-wise receipts, revenue and capital expenditure, progressive capital expenditure, government investments in corporations and companies, and sources of funds for capital expenditure. Section B (Statements 13-16) covers Debt, Deposits, Remittances, and Contingency Fund with detailed balances and transactions.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
1Section A has 7 statements (6-12) covering detailed receipts, expenditure, investments, and fund sources
2Statement 8 shows minor-head-wise Revenue and Capital receipts; Statement 9 shows minor-head-wise expenditure
3Statement 11 details investments in PSUs, statutory corporations, and cooperative bodies with dividend tracking
4Section B has 4 statements (13-16) covering DDSR heads, public debt, market loans, and National Small Savings Fund
5Statement 15 (IGAS-3) gives comprehensive loan details including arrears, fresh loans, and disclosure requirements
Practical Example
A researcher studying government finances looks at Statement No. 11 to find that the Government has invested Rs 500 crore in a particular CPSE but received zero dividend. The remarks column explains the reason. Statement No. 15 shows that the same CPSE has outstanding loan repayment arrears of Rs 50 crore going back 3 years. Statement No. 13 reveals adverse balances under certain suspense heads, with footnotes explaining the reasons and liquidation steps being taken.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
What is the significance of adverse balances in Statement No. 13?▼
Adverse balances (debit where credit expected, or vice versa) indicate outstanding/unadjusted transactions. These must be explained through footnotes with full reasons and the action taken for liquidation. No outstanding balance should normally remain under suspense heads at year-end.
What does IGAS-2 require regarding grants-in-aid?▼
IGAS-2, effective from 2011-12, requires disclosure of total grants-in-aid released, funds allocated for capital asset creation, and grants-in-kind in quantitative terms as a supplement to Statement No. 9.
What is shown in Statement No. 16?▼
Statement No. 16 shows the position of the National Small Savings Fund with minor-head-wise details of balances, and appendices showing income/expenditure of NSSF and state-wise details of investments in special state government securities.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
12.5.5 Statement No.-10 Statement of Expenditure on Capital Account during and upto the end of the year: This statement is prepared in thousand of rupees. The expenditure on
Capital Account during and to the end of the year, is depicted minor head wise in this statement. However, due to non-availability of progressive figures at minor head levels, the figures are shown at sub major head level for major head 4076 and at the major head levels for major heads 5002 and 5003. An APPENDIX is added indicating the minor head wise details of expenditure incurred during the year under the Major Heads 4076, 5002 and 5003. The reasons for minus expenditure (except those under deduct heads) are recorded as footnotes at relevant pages. Any PPA that affects the investment is suitably explained in the footnote.
12.5.6 Statement No.11-Statement showing the Investments of the Union Government in Statutory Corporations, Government Companies, Other Joint Stock Companies, Cooperative Banks and Societies, etc., upto end of the year: This statement, contains full details of investments made by the Government in Statutory Corporations, Government Companies, Other Joint Stock Companies, Co-operative Banks and Societies, etc., upto the end of the year. Those enterprises which are under construction/expansion are included in Part I of the statement while the enterprises already in operation are covered in Part II of the statement. Dividend received during the year is mentioned in column (9) of the statement, and if no dividend is received, the reasons thereof are recorded in the remarks column. Any PPA that affects the investment is suitably explained in the footnote.
12.5.7 Statement No. 12 - Statement showing Capital and Other expenditure (outside the Revenue Account) to end of the year and the principal sources from which funds were provided for that expenditure: The figures depicted in this statement are shown in two parts. The first part indicates the expenditure on Capital account and on Loans and Advances while the second part indicates the sources of funds for that expenditure. The net provision of funds for the current year should be equal to the total capital and loan expenditure during the current year. Figures in respect of investment heads are shown separately and are not included in the concerned sectors.
12.6 B– DEBT, DEPOSIT, REMITTANCES AND CONTINGENCY FUND: This part contains five statements i.e. Statement Nos. 13, 14, 14A, 15 & 16.
12.6.1 Statement No. 13-Statement of Receipts, Disbursements and Balances under heads of account relating to Debt, Deposits, Remittances and Contingency Fund
This statement contains the following: -
1. Details of Consolidated Fund at the beginning of the statement, with the Receipts and Disbursements under Revenue and Capital account shown in respective columns. As these heads are closed to Government Account, there are no opening and closing balances of these heads;
2. Summary of Public Debt, Loans and Advances, Inter-state settlement, Transfer to Contingency Fund and Total of Consolidated Fund
3. The balances against Major Head 8000 – Contingency Fund of India;
4. The details of transactions and balances under Public Account except sector I- Small Savings, Provident Funds etc., with the details for every minor head with sub-sector-wise breakup;
5. Aggregate totals are made at all levels viz. sub – major head, major head, sub – sector and sector levels. The total for the Public Account is also depicted;
6. Minor head wise details of the major head 8999 Cash Balance under the ‘Sector N Cash Balance’. The opening balance under this major head is equal to the figure under the column for Receipts while the closing balance is equal to the figure under the column for Disbursements. A footnote comparing the closing balance under head 8999 – 102 Balance with Reserve Bank in this statement with the closing balance as reported by RBI, CAS, Nagpur is also recorded.
12.6.2 Statement No. 14-Statement of Debt and other interest-bearing obligations of Government.
This Statement depicts:
(1) Minor - head wise details under the -
(i) Sector E-Public Debt which includes Internal Debt and External Debt
(ii) State Provident Fund
(iii) Other Accounts and
(iv) Post Office Insurance Fund below the Sector I Small Savings, Provident Funds etc. except heads under NSSF (8001-8008)
(2) A statement showing details of foreign loans in foreign Currencies/Rupees in Crores and the exchange rate adopted (as on 31st March of the year) is appended to statement no.14.This is furnished by CAAA.
12.6.3 Statement No. 14 A- Details of Market Loans raised in India and securities issued to international Financial Institutions: This statement supplements statement No. 14, furnishing details of each loan, under major head “6001”, even below the minor head level. Head wise details of loans shown at minor head level in statement No.14 are furnished in this statement, which is obtained separately from the concerned department
(s) and incorporated. This statement is prepared in thousand of rupees.
12.6.4 Statement No. 15-Statement of loans and advances showing the amounts advanced and repaid, interest received during the year and the balances of such loans and advances at the commencement and close of the year. Section: 1- Major and minor Head wise details of Loans and Advances
Major and Minor head wise details of loans are given in this section. The details consist of balance of loans at the commencement of the year, amount of loans paid and repaid during the year, write off during the year, balance of loans at the end of the year, net addition/decrease during the year and interest credited during the year for each minor head.
Section: 2 – Repayment in arrears from State or Union Territory Governments
section, details of arrears pertaining to each State/UT Government are given.
The details consist of amount of arrears at the close of the year (principal amount in arrear, interest amount in arrear and their total are shown separately), the earliest period to which the arrears relate and total loans outstanding against each State/UT at the close of the year.
Section: 3– Repayment in arrears from Other Loanee entities or institutions
The same details, as in section 2, are provided for each loanee entity/institution.
Additional Disclosures:
Details of fresh Loans and Advances made during the year are furnished in this statement. The details are given for each State/UT/Foreign Government separately and also for each loanee entity/institution. For fresh loans to the Government servants given during the year, the details are given for each class of loans to Government servants separately. The details of fresh loans given during the year are provided as under:
(i) Number of fresh loans given to each loanee entity;
(ii) Total amount of fresh loans given to each loanee entity;
(iii) Rate of interest for each fresh loan; and
(iv) Moratorium period for loans given during the year, if any;
(v) Cases of loans having been sanctioned as “loan in perpetuity”;
(vi) Details of loans sanctioned by the Government where the term and conditions of the loans were not settled; and
(vii) Cases of fresh loans and advances made during the year to loanee entities from whom repayment of earlier loans in arrears.
The statement is prepared in lakhs of Rupees up to two decimals in the proforma prescribed in IGAS 3
12.6.5 Statement No. 16-Statement showing the position of National Small Savings Fund: This statement depicts the minor head-wise details of balances under National Small Savings Fund that also includes Savings Deposits and Savings Certificates etc. At the end of the Statement, two Appendices are added –
(i) Showing the details of Income & Expenditure of National Small Savings Fund
(ii) Showing State-wise details of investments made by Government of India in Special State Government Securities and undertaking wise detail of investment under other instruments.