CAG Flags Maharashtra for Underreported Borrowing, Breach of Legal Deficit Limit

India's Comptroller and Auditor General (CAG) has found that Maharashtra underreported its borrowings and breached the legally mandated fiscal deficit ceiling. The central auditor flagged serious concerns about the state government's financial disclosures and adherence to borrowing norms. According to the CAG, Maharashtra's overall fiscal position has been on a consistent downward trajectory over the past five years. The findings raise questions about the state's fiscal discipline and transparency in reporting public finances.
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