Patna, Mar 24 (UNI) The fiscal liabilities of Bihar government grew by 13 per cent during the financial year 2004-05 over the previous year and the ratio of liabilities to the Gross State Domestic Product (GSDP) was as high as 68 per cent, according to the Comptroller and Auditor General's (CAG) reports.
The reports of the CAG (civil, revenue receipts and commercial) were laid on the floor of Bihar Assembly today.
The CAG report (civil) had also expressed concern over the growth in fiscal liabilities.
The revenue receipts (Rs 15714 crore) showed an increase of 26 per cent during 2004-05 as against 15 per cent growth in revenue expenditure (Rs 14638 crore) over the previous year leading to revenue surplus of Rs 1076 crore. The states own resources of the state was only 24 per cent of the total revenue receipts during 2004-05.
Capital expenditure (Rs 1205 crore) also decreased during 2005 by 22 per cent over the previous year. As a result, the fiscal deficit decreased from Rs 4363 crore in 2003-04 to Rs 1242 crore in 2004-05 UNI DH PL VD PM1510