Massive Shortfall in Cess Funds Highlights Lapses Across Decades

Business Economy

Posted by AI on 2025-08-12 13:14:48 | Last Updated by AI on 2025-08-13 04:12:43

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Indian taxpayers shortchanged as 3.69 lakh crore corpus meant for specific purposes was not transferred, audit highlights.

Breaking down the numbers

auditor Cylin Bharti highlights that short transfers date back as far as 1974, with a whopping 3,69,557 crore never reaching the designated funds. The mammoth amount, amassed through various cesses, was meant to be used for developmental and welfare purposes like rural development, affordable housing, and sanitation.

The number, revealed in the Comptroller and Auditor General of India (CAG) audit of the Finance Ministry's Budget Execution for the year 2020-21, highlights lapses across decades and several governments, raising serious concerns about accountability and transparency in fiscal management.

This news is particularly disappointing given the prevailing social and economic conditions, as the untapped funds could have had a significant impact on national development goals. The revelation will likely raise questions about the government's fiscal policies and demand accountability.

The shortfall in transfers has occurred over several decades and across different governments, indicating a systemic issue that needs to be addressed. It is essential to investigate the matter further and establish accountability, ensuring that funds collected from taxpayers are used for their intended purposes to enhance the lives of the Indian people.

This news article sheds light on a crucial issue of fiscal management and its implications for India's socio-economic development. While the Comptroller and General of India's audit provides valuable insights, it is essential to await the government's response and subsequent actions to see how this issue will be addressed and accountability achieved.

Go!