25 Nov 2022  |   06:32am IST

Goa only State in country 100% in line with PFMS: CM

Goa only State in country  100% in line with PFMS: CM

Team Herald

PANJIM: Chief Minister Pramod Sawant on Thursday said that Goa is the only State in the country which is 100 per cent in line with the Public Finance Management System (PFMS) of the Government of India vis-à-vis Centrally-sponsored schemes.

After chairing a review meeting with the officers of Finance Department, Sawant said that due to 100 per cent compliant, the State has already received Rs 200 crore of the allocated Rs 306 crore and the remaining fund of Rs 106 crore will be received by December this year. 

Sawant further informed that the State had targeted 56 projects under the Centrally-sponsored schemes. Consultants were appointed to help the State pitch for the projects. As many as 46 projects were actually sent to the Government of India, of which funds have already been received for 18 projects, while 16 projects have been completed. The 14 rejected projects will be resent in requite modifications, he said adding that the Directorate of Planning, Statistics and Evaluation is following up the matter through consultants. Revision of schemes under NABARD and SIDBI has been taken up while loans have also been revised, he said. 

Commenting on the financial position of the State, Sawant said that the government had not obtained planned loans for the last four months. Whatever loans have been taken are also just to ensure that there is no stress on finances later on, he said. 

According to the Chief Minister, the pending loans of the State stand at Rs 22,000 crore. Repayment of principle will start from this year itself, he added. 

Sawant said that the meeting discussed about payment clearance to contractors of PWD, Electricity and Water Resources Department and claimed that no major bills are pending as on date. Moreover, no bills are pending for over a month,” he claimed. 

The meeting also deliberated on revenue generation, reforms and pending bills, he said adding that the Secretary (Finance) has been asked to take review of semi-government Corporations in this regard.


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