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Rule 93 - Annual Accounts | KartavyaDesk

GFR 2017

Original Rule Text

Presentation of Annual accounts. The Appropriation and Finance accounts mentioned above, shall be prepared by the respective authorities on the dates mutually agreed upon with the Comptroller and Auditor General of India, in the forms prescribed by the President on the advice of the Comptroller and Auditor General of India and sent to the latter for recording his/her certificate. The certified Annual Accounts and the Reports relating to the accounts shall be submitted by the Comptroller and Auditor General of India to the President in accordance with the provisions of Section 11 of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971 and Clause (1) of Article 151 of the Constitution of India.

What This Means

Rule 93 of the General Financial Rules (GFR) 2017 deals with the presentation of annual accounts. Essentially, it outlines the process of preparing and submitting the government's financial statements each year. These statements, called Appropriation and Finance Accounts, show how the government spent its money and its overall financial position. The rule ensures transparency and accountability in government finances.

The rule specifies that the concerned government departments or authorities must prepare these accounts in a format prescribed by the President, based on advice from the Comptroller and Auditor General of India (CAG). The accounts are then sent to the CAG for certification. After certification, the CAG submits these accounts, along with related reports, to the President. This process is mandated by the CAG's Act of 1971 and Article 151 of the Constitution, highlighting the importance of independent audit and oversight.

This rule directly affects all government departments and agencies responsible for managing public funds. It ensures that financial records are accurately maintained, audited, and presented to the highest authorities for review, promoting responsible financial management and preventing misuse of funds.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

  • •Annual Appropriation and Finance Accounts must be prepared by relevant government authorities.
  • •The accounts must be prepared in a format prescribed by the President on the advice of the CAG.
  • •The CAG certifies the annual accounts after auditing them.
  • •The CAG submits the certified accounts and related reports to the President.
  • •This process is governed by the CAG's Act of 1971 and Article 151 of the Constitution.

Practical Example

The Ministry of Rural Development, led by Secretary Sharma, needs to prepare its annual Appropriation and Finance Accounts for the financial year 2023-24. Following Rule 93, the ministry's finance division meticulously compiles all expenditure and revenue data. They use the format prescribed by the President, which was developed in consultation with the CAG.

Once prepared, the accounts are sent to the CAG's office for audit. After a thorough review, the CAG certifies the accounts and prepares a report highlighting key observations. The CAG then submits the certified accounts and the audit report to the President for review and subsequent presentation to the Parliament. This process ensures that the Ministry's financial activities are transparent and accountable, and that any discrepancies are identified and addressed.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

What are Appropriation and Finance Accounts?▼
Appropriation Accounts show how the government's allocated funds were actually spent. Finance Accounts provide a broader overview of the government's financial position, including assets, liabilities, and overall financial performance.
Who prescribes the format for the Annual Accounts?▼
The President of India prescribes the format, but this is done on the advice of the Comptroller and Auditor General of India (CAG).
What is the role of the CAG in this process?▼
The CAG audits the annual accounts, certifies their accuracy, and submits them, along with audit reports, to the President.
Where does the legal basis for this rule come from?▼
The legal basis comes from Section 11 of the Comptroller and Auditor General’s (Duties, Powers and Conditions of Service) Act, 1971 and Clause (1) of Article 151 of the Constitution of India.
What happens after the CAG submits the accounts to the President?▼
The President then lays these accounts before each House of Parliament, as per constitutional provisions, ensuring parliamentary oversight of government finances.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Test Your Knowledge

Question 1 of 3

As per Rule 93 of GFR 2017, in what format should the Appropriation and Finance accounts be prepared?

Related Rules

Rule 271General Financial Rules 2017 (amended July 2024) - Rule 271 - Chapter 10Rule 109General Financial Rules 2017 (amended July 2024) - Rule 109Rule 146General Financial Rules 2017 (amended July 2024) - Rule 146 - Chapter 6Rule 169General Financial Rules 2017 (amended July 2024) - Rule 169 - Chapter 6Rule 215General Financial Rules 2017 (amended July 2024) - Rule 215 - Chapter 6

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