CAG report flags Maharashtra govt's over spends, blames Ladki Bahin scheme
India, July 11 -- A report tabled by the Comptroller and Auditor General (CAG) has cautioned the state government that its fiscal sustainability could come under pressure, largely owing to the large spends in the Mukhyamantri Majhi Ladki Bahin Yojana, growing off-budget borrowings, mounting liabilities and large amounts of unspent funds parked outside the consolidated fund.
CAG's report, tabled in the state legislature on the concluding day of the monsoon session on Friday, on state finances for 2024-25, noted that the state recorded a revenue deficit of Rs.29,994.76 crore, fiscal deficit of Rs.1.24 lakh crore and outstanding liabilities of Rs.8.63 lakh crore due to the huge spending on various schemes.
"A key factor behind the surge in...
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