PAC alarmed: ₹9,222 crore untransferred, misuse insults Parliament

Why in news

The Public Accounts Committee (PAC) expressed alarm over the non-transfer of ₹9,222 crore in cess and levy collections to four designated reserve funds as highlighted in the CAG Report No. 6 of 2026.

Background

The Comptroller and Auditor General’s (CAG) Report No. 6 of 2026 for the fiscal year 2024-25 identified a shortfall of ₹9,222 crore. The PAC chairperson, K.C. Venugopal, stated that the misuse of these funds constitutes an insult to Parliament.

Facts for Prelims

• BodyPublic Accounts Committee (PAC): A parliamentary committeethat examines the appropriation of funds and the examination of expenditure by the government.
• Fact₹9,222 crore: The amount of cess and levy collections reported as untransferred to designated reserve funds.

For Mains

Q. Examine the role of the Public Accounts Committee in ensuring fiscal discipline and accountability in the management of cess and levy collections.

Dimensions to cover in your answer

• Audit oversight: CAG's role in identifying diversion of earmarked funds from designated reserve accounts
• Legislative accountability: Ensuring executive adherence to the specific purposes of cess and levy collections
• Fiscal transparency: Addressing the systemic gap between revenue collection and fund allocation

Keywords: Fiscal discipline · Audit oversight · Parliamentary accountability · Cess and levies · Public expenditure

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