CAG flags over ₹100 crore financial irregularities in Jammu and Kashmir

Srinagar: The Comptroller and Auditor General (CAG) has flagged financial irregularities exceeding ₹100 crore in Jammu and Kashmir, pointing to gaps in fund management and expenditure practices, according to recently tabled audit reports.

The findings underscore concerns over the efficient utilisation of public funds and fiscal discipline in the Union Territory.

According to the audit, an amount of ₹104.51 crore was classified as doubtful recovery, while ₹6.88 crore was incurred as avoidable interest due to delays and mismanagement.

Additionally, ₹2.65 crore was reported as idle or unutilised funds, indicating lapses in financial planning and execution.

The report highlights that funds were parked without timely utilisation, leading to inefficiencies in development spending.

“Avoidable financial burden and unutilised funds reflect deficiencies in planning and monitoring,” the audit observed.

Experts say such irregularities not only result in direct financial loss but also delay developmental outcomes.

The findings are expected to prompt scrutiny of financial processes and accountability mechanisms within departments. [KNT]