J&K's revenue deficit in power sector touches Rs 1,993 crore | india | Hindustan Times
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J&K's revenue deficit in power sector touches Rs 1,993 crore

india Updated: Apr 13, 2013 14:17 IST

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Blaming Power Development Department(PDD) for further worsening financial health of Jammu and Kashmir, government auditor CAG on Saturday said revenue deficit in the power sector touched Rs 1,993 crore in 2011-12.

The shortfall in the performance of PDD contributed to the deterioration in the fiscal deficit of the state government despite record performance of tax revenue front, it added.

The revenue deficit in the power sector of the state stood at Rs 275 crore in 2002-03, said the Comptroller Auditor General (CAG) report for the year ending March 31, 2012.

The deficit in 2011-12 is the highest during the last ten years, it pointed out.

It said the deficit has gone to Rs 767 crore in 2003-04 when total expenditure on the power purchase was to the tune of Rs 1,135 crore and the government had collected tariff amounting to Rs 368 crore out of the targeted Rs 455 crore.

The deficit went up to Rs 935 crore in 2004-05, Rs 1,290 crore in 2005-06, Rs 876 crore in 2006-07, Rs 1,149 crore in 2007-08, Rs 1,404 crore in 2008-09, Rs 1,295 crore in 2009-10 and Rs 1,488 crore in 2010-11, it said.

Against the target of Rs 1,209 crore, only Rs 822 crore have been recovered as against an expenditure of Rs 2,310 crore on power purchase in 2010-11, the report said.

During 2011-12, a sum of Rs 1,007 crore was recovered out of the target of Rs 1,486 crore. The expenditure spent on the power purchase was to the tune of Rs 3,000 crore in 2011-12.

The receipts from the PDD is a major constituent of the state's non-tax revenue.