Economy

CAG pat for Meghalaya on development

Press Trust of India Shillong | Updated on March 16, 2011




The Comptroller and Auditor General (CAG) has pointed out that the ratio of development expenditure of Meghalaya is higher than North-East's average.

In social sector expenditure involving major components, the Meghalaya government's expenditure on health as a percentage of AE (aggregate expenditure) was higher than the North-Eastern States' average during both 2005-06 and 2009-10, whereas expenditure on education was lower, the CAG report tabled in the Assembly today said.

Fiscal position indicated the State not only maintained revenue surplus during the last five-year period ending 2009-10, but it also reached its peak.

Fiscal deficit of the State also significantly reduced during 2009-10, compared with previous year and primary deficit of 2008-09 turned into a primary surplus, the report said.

Published on March 16, 2011

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