KOHIMA, MARCH 21 (DIPR): Principal Secretary & Finance Commissioner, Temjen Toy in a press release has issued a clarification regarding the reported difference of more than Rs. 10.00 crores between the figures appearing in the Nagaland Appropriation Bill (No. 2), 2016 and the figures appearing in the budget papers presented to the House on March 17, 2016.
He clarified that the vote of the Legislature is obtained for the whole of the gross expenditure proposed against each Demand for Grants, while the Annual Financial Statement shows the net expenditure against each Major Head after adjusting the recoveries of Departmental Charges under each Demand for Grant. This is the reason why the Nagaland Appropriation Bill (No. 2), 2016 totals to a gross amount of Rs. 13,658.74 crores while the Annual Financial Statement shows the total net disbursement from the Consolidated Fund as Rs. 13,645.98 crores, a difference of RS. 12.76 crores. This difference represents the ‘recoveries’ contemplated in the Budget by way of Departmental charges, Agency charges, etc.
The Finance Commissioner said that the apparent discrepancy is on account of the form of presentation of different budgetary documents as per the established procedure.
