Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.

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    <h1 class="cat-box-title">CAG Criticises Modi Govt For Using Creative &#039;Off-Budget Financing&#039; Techniques</h1>
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		 Published on</span><span class="text-date"> Jan 11, 2019</span>
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                            <div align="justify">-TheWire.in<br /><br /><em>The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.<br /><br />New Delhi: </em>India&rsquo;s national auditor has raised red flags over the Narendra Modi government&rsquo;s propensity to borrow funds using &ldquo;off-budget&rdquo; methods, a practice that allows it to finance capital and revenue spending while maintaining deficit targets.<br /><br />The criticism comes from an audit report tabled in parliament on Tuesday, but is a continuation of the manner in which the Comptroller and Auditor General (CAG) has questioned the Centre for severely understating the true extent of the country&rsquo;s fiscal and revenue deficits.<br /><br />&ldquo;It came to notice that the Government resorts to off-budget methods of financing to meet revenue and capital requirements. The quantum of such borrowings is huge and current policy framework lacks transparent disclosures and management strategy for comprehensively managing such borrowings,&rdquo; the most recent audit report notes.<br /><br />Where exactly are these off-budget methods of financing taking place? Everything from fertiliser bills to financing power projects.<br /><br />The CAG notes: &ldquo;In terms of revenue spending, off-budget financing was used for covering deferring fertilizer arrears/bills through special banking arrangements; food subsidy bills/arrears of FCI through borrowings and for implementation of irrigation scheme (AIBP) through borrowings by NABARD under the Long Term Irrigation Fund (LTIF).&rdquo; <br /><br />Please <a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" title="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" class="re" target="_blank">TheWire.in, 9 January, 2018, https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques</a><div class="clear"></div>
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    <h1 class="cat-box-title">CAG Criticises Modi Govt For Using Creative &#039;Off-Budget Financing&#039; Techniques</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.<br /><br />New Delhi: </em>India&rsquo;s national auditor has raised red flags over the Narendra Modi government&rsquo;s propensity to borrow funds using &ldquo;off-budget&rdquo; methods, a practice that allows it to finance capital and revenue spending while maintaining deficit targets.<br /><br />The criticism comes from an audit report tabled in parliament on Tuesday, but is a continuation of the manner in which the Comptroller and Auditor General (CAG) has questioned the Centre for severely understating the true extent of the country&rsquo;s fiscal and revenue deficits.<br /><br />&ldquo;It came to notice that the Government resorts to off-budget methods of financing to meet revenue and capital requirements. The quantum of such borrowings is huge and current policy framework lacks transparent disclosures and management strategy for comprehensively managing such borrowings,&rdquo; the most recent audit report notes.<br /><br />Where exactly are these off-budget methods of financing taking place? Everything from fertiliser bills to financing power projects.<br /><br />The CAG notes: &ldquo;In terms of revenue spending, off-budget financing was used for covering deferring fertilizer arrears/bills through special banking arrangements; food subsidy bills/arrears of FCI through borrowings and for implementation of irrigation scheme (AIBP) through borrowings by NABARD under the Long Term Irrigation Fund (LTIF).&rdquo; <br /><br />Please <a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" title="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" class="re" target="_blank">TheWire.in, 9 January, 2018, https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques</a><div class="clear"></div>
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The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.

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The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.

New Delhi: India&rsquo;s national auditor has raised red flags over the Narendra Modi government&rsquo;s propensity to borrow funds using..." />
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    <h1 class="cat-box-title">CAG Criticises Modi Govt For Using Creative &#039;Off-Budget Financing&#039; Techniques</h1>
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                            <div align="justify">-TheWire.in<br /><br /><em>The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year.<br /><br />New Delhi: </em>India&rsquo;s national auditor has raised red flags over the Narendra Modi government&rsquo;s propensity to borrow funds using &ldquo;off-budget&rdquo; methods, a practice that allows it to finance capital and revenue spending while maintaining deficit targets.<br /><br />The criticism comes from an audit report tabled in parliament on Tuesday, but is a continuation of the manner in which the Comptroller and Auditor General (CAG) has questioned the Centre for severely understating the true extent of the country&rsquo;s fiscal and revenue deficits.<br /><br />&ldquo;It came to notice that the Government resorts to off-budget methods of financing to meet revenue and capital requirements. The quantum of such borrowings is huge and current policy framework lacks transparent disclosures and management strategy for comprehensively managing such borrowings,&rdquo; the most recent audit report notes.<br /><br />Where exactly are these off-budget methods of financing taking place? Everything from fertiliser bills to financing power projects.<br /><br />The CAG notes: &ldquo;In terms of revenue spending, off-budget financing was used for covering deferring fertilizer arrears/bills through special banking arrangements; food subsidy bills/arrears of FCI through borrowings and for implementation of irrigation scheme (AIBP) through borrowings by NABARD under the Long Term Irrigation Fund (LTIF).&rdquo; <br /><br />Please <a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" title="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques" class="re" target="_blank">TheWire.in, 9 January, 2018, https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques</a><div class="clear"></div>
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Home हिन्दी

CAG Criticises Modi Govt For Using Creative 'Off-Budget Financing' Techniques

Published on Jan 11, 2019   Modified on Jan 11, 2019

-TheWire.in The national auditor believes that such methods allow the Centre to understate the true fiscal and revenue deficits in a given year. New Delhi: India’s national auditor has raised red flags over the Narendra Modi government’s propensity to borrow funds using “off-budget” methods, a practice that allows it to finance capital and revenue spending while maintaining deficit targets. The criticism comes from an audit report tabled in parliament on Tuesday, but is a continuation of the manner in which the Comptroller and Auditor General (CAG) has questioned the Centre for severely understating the true extent of the country’s fiscal and revenue deficits. “It came to notice that the Government resorts to off-budget methods of financing to meet revenue and capital requirements. The quantum of such borrowings is huge and current policy framework lacks transparent disclosures and management strategy for comprehensively managing such borrowings,” the most recent audit report notes. Where exactly are these off-budget methods of financing taking place? Everything from fertiliser bills to financing power projects. The CAG notes: “In terms of revenue spending, off-budget financing was used for covering deferring fertilizer arrears/bills through special banking arrangements; food subsidy bills/arrears of FCI through borrowings and for implementation of irrigation scheme (AIBP) through borrowings by NABARD under the Long Term Irrigation Fund (LTIF).” Please click here to read more.

TheWire.in, 9 January, 2018, https://thewire.in/government/cag-criticises-modi-govt-for-using-creative-off-budget-financing-techniques

Tagged with: Comptroller and Auditor-General Comptroller and Auditor General (CAG) Fiscal Responsibility and Budget Management (FRMB) Act fiscal deficit Off-budget methods ?creative accounting? practice

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