Onlykashmir.in News Desk
Srinagar/ The recent audit reports of the Comptroller and Auditor General (CAG) have identified financial irregularities and serious administrative lapses worth over Rs 100 crore in Jammu and Kashmir, raising serious questions on financial discipline and effective use of public resources.
According to the audit, Rs 104.51 crore was found in the form of doubtful receipts, Rs 6.88 crore in avoidable interest and Rs 65.2 crore in unutilized funds, while failure to utilize funds in a timely manner rendered development expenditure ineffective and exposed planning weaknesses. The report further revealed that several departments failed to implement audit observations, submit timely replies and action taken reports, which weakened the accountability system and fueled the continuation of irregularities.
According to the audit observations, the lack of effective monitoring and follow-up not only limited corrective measures but also adversely affected the transparency of governance. Experts say that such persistent shortcomings cause financial losses as well as delays in the achievement of development goals.
Implementation of projects without approval, poor monitoring and weak implementation were identified in flood rehabilitation and rural development schemes, which have raised questions about the effective delivery of aid and resources to the affected population.
In the context of the report, it is expected that the authorities will take concrete steps to strengthen financial management, monitoring systems and accountability structures so as to prevent waste of public resources and make the development process effective.
