ITANAGAR: Governor KT Parnaik expressed grave concern over the state’s recurring shortcomings in financial management and delays in projects’ implementation, and called for corrective measures.
The governor raised the concern after reviewing the CAG’s State Finances Audit Report for the year ended 31 March 2025, presented by Principal Accountant General Vanlal Chhuanga at the Lok Bhavan here on Friday.
Parnaik emphasised the importance of strengthening the integrated financial management system through greater computerisation and technology-driven monitoring to improve transparency, accountability, and the financial health of the state.
He observed that the state’s limited working season, coupled with delays in execution, often results in a rush to utilise funds during the closing month of March, affecting efficiency and outcomes. The governor called for corrective measures and said that sound financial planning should begin well before budget allocations.
The governor observed that inadequate advance preparation leads to the loss of nearly two quarters of the financial year. He advised all departments to formulate detailed plans and project proposals in anticipation of budget approvals, based on funding trends and past experience, so that tendering and execution can commence immediately after funds are released.
Earlier, the principal accountant general presented the state’s fiscal position, compliance with the fiscal responsibility and budget management provisions, financial health, and the status of action taken on audit observations.
Sharing his observation, Chhuanga said that while Arunachal Pradesh enjoys a comparatively healthy financial position among many states, certain concerning trends persist, warranting closer financial oversight and corrective action.
Commissioner to Governor Pawan Kumar Sain, Joint Secretary (Budget) Ikar Dirchi, and senior officials of the accountant general’s office, the Budget Department and the governor’s secretariat attended the meeting.
