STOCK MARKET BSE NSE

Rs 17,000 crore lying idle in accounts, HK Patil tells govt

Congress leader gives break-up, cites CAG report, demands recovery of funds 
 

Published: 19th March 2021 05:15 AM  |   Last Updated: 19th March 2021 09:29 AM   |  A+A-

Congress leader H K Patil speaks in the Assembly on Thursday  

Express News Service

BENGALURU: Senior Congress leader HK Patil on Thursday told the government that more than Rs 17,000 crore of taxpayers’ money is currently outside the State’s mainstream account. Speaking on Budget 2021-2022, Patil quoted a Comptroller and Auditor General (CAG) report filed in February 2021 on Finance Accounts that said about Rs 4,421.56 crore of unspent balance was lying in 76 Personal Deposit (PD) accounts under the control of District Commissioners and various State Government officials, till March 2020. 

A copy of the report, signed by Girish Chandra Murmu, Comptroller and Auditor General of India, that is with The New Indian Express, also highlights that under Article 286A of the Karnataka Financial Code, all unspent balances under PD accounts should be closed at the end of the financial year. Of the total funds unspent, Rs 2,741.52 crore were scheme funds left unused for three years. 

“Apart from money in PD accounts, over Rs 2,500 crore is lying unused for years in about 540 accounts belonging to various departments. As Chairman of the Public Accounts Committee, we had even informed the government that about Rs 10,000 crore is lying for years in accounts of boards and corporations beyond their stipulated time.

When I was RDPR minister, I found that an account with a private bank attached with the department had parked Rs 650 crore, and after much struggle, we returned it to the treasury. The interest alone on that amount was Rs 220 crore, which the bank hasn’t returned to date. These funds never get audited or accounted for in the mainstream account. What stops the government from recovering these idle funds? I demand a white paper on these funds,” Patil told the assembly on Thursday. 

Patil’s demand comes at a time when the government is struggling with funds, leading to a revenue deficit budget. Chief Minister BS Yediyurappa is expected to respond to Patil’s question during his reply on the budget debate.

THE D17K-CR CLAIM 

Total Funds in 76 PD accounts:
Rs 4,421.56 cr Scheme Funds unspent for 3 years:Rs 2,741.52 cr
(In PD accounts)
Funds in 540 accounts belonging to various departments:
Rs 2,500 cr (Approx)
Funds in accounts of boards, corps etc beyond stipulated time:
Rs 10,000 cr (Approx)
Total funds outside mainstream accounts of State:
Rs 17,000 cr (approx)


TAGS
HK Patil

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp