ఆర్థిక శాఖ

These sections deal with establishment and service matters of the officers and staff of the Finance Department and the Head of Department under its administrative control.  Whereas OP I and OP II Sections deal with the establishment matters of the Finance Department, Admn I and Admn II Sections deal with the establishment matters of the Officers and staff of the Heads of Departments under the control of Finance Department.

Budget branch deals with preparation of Annual Financial Statement (Budget) and the Supplementary Estimates and their presentation to the Legislative Assembly. It also deals with the administration of Contingency Fund of the State, Ways and Means Control, Public Debt, and Government Loans to various Institutions and Guarantees. It also deals with representations of Budget Estimates and releases of funds.

This branch prepares memorandum to be made to the successive Finance Commission on behalf of the State Government in matters relating to devolution of Central Taxes

Deals with matters relating to the statutory reports of the Comptroller and Auditor General of India and also with the audit objections and the financial and other irregularities pointed out in the reports of the comptroller and Auditor General of India and their Communication to all Departments. Collects necessary information and places it before the Public Accounts Committee. It also deals with regulation of excess grants by obtaining the vote of the Legislative Assembly.

The Finance (W & P) Department is an Advisory Department to the I & CAD Department and other Departments. The Director of Works Accounts is the Head of Department under this Department

Monitoring the performance of all on going Externally Aided Projects every month, Project Implementing Agencies (PIAs) of all on going and Pipeline Externally Aided Projects (EAPs) and Watching Additional Central Assistance (ACA) received from Controller of Aid Accounts and Audit (CAA & A) and pursuing the same with CAA & A.

The PPP Cell is an advisory department which renders the technical and Financial Advice on all the Public and Private Partnership projects referred to Finance Department. It also conducts the training programme on PPP Projects.

This wing formulates strategy for mobilization of additional resources and monitors the collection of State Tax and Non-Tax Revenues. It evolves methods for rationalization of expenditure and elimination of unnecessary, unproductive and wasteful expenditure.

This wing deals with the post audit of all Government Departments.

Deals with identification of the surplus staff and their redeployment in needy Departments. This also deals with the requirement of staff in various departments for their creation and upgradation.

The main functions of ‘Institutional Finance’ are to coordinate with Banks to ensure Bank credit to the needy, envisaged in various Government schemes.

The main function of ‘Comprehensive Financial Management System’ is to bring integrated approach to the management of State Finances.