Audits Comptroller & Auditor General
Manipur's fiscal deficit jumps to ₹1,863.34 crore, CAG finds
This audit examines the state finances, budgetary management, and quality of accounts for the Government of Manipur for the financial year 2023-24 (ended 31 March 2024).
It assesses fiscal sustainability, revenue and expenditure trends, and compliance with financial rules.
Who it concerns: Government of Manipur
What the auditor found
- Fiscal deficit increased to ₹ 1,863.34 crore (4.14% of GSDP) in 2023-24 from ₹ 708.91 crore in 2019-20.
- Revenue surplus decreased by 49.00% to ₹ 884.42 crore in 2023-24.
- Committed and inflexible expenditure accounted for 72.10% of revenue expenditure (₹ 9,965.59 crore), limiting flexibility for other sectors.
- ₹ 619.46 crore (including Central and State shares) was parked in Single Nodal Agency (SNA) bank accounts as of 31 March 2024.
- State Government raised ₹ 153.07 crore in off-budget borrowings through Public Sector Undertakings, which must be repaid from the budget.
- Outstanding guarantees totaled ₹ 1,482.56 crore as of 31 March 2024, with ₹ 3.05 crore in guarantee commission uncollected for fresh guarantees issued in 2023-24.
- Subsidies increased from ₹ 120.11 crore in 2019-20 to ₹ 358.24 crore in 2023-24.
Also in the document
- CAG notes that the continuous mismatch between receipts and expenditure indicates rising fiscal stress.
- CAG highlights that borrowed funds were used not only for capital creation but also for meeting current consumption and repayment of borrowings, with capital expenditure being just 28.17% of total borrowings.
- CAG reports that the State's own tax revenue decreased by 34.50% in 2023-24.
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The original document
Comptroller & Auditor General of India (CAG) — audit reports
Audit report · Ref. Report No. 1 of 2025 · 2025
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