Rising debt citing CAG report
KRC TIMES Manipur Bureau
IMPHAL | The Manipur Pradesh Congress Committee (MPCC) has raised questions over the state’s financial management, citing the Comptroller and Auditor General (CAG) State Finances Audit Report for 2024-25 and pointing to unspent budget allocations, low capital expenditure, rising debt and delays in completing projects.
The CAG report on Manipur’s state finances for 2024-25 was tabled on September 2, 2026, and provides an independent assessment of the state’s fiscal position, revenue and expenditure trends, debt and budgetary management.
Congress Legislature Party leader Keisham Meghachandra Singh, addressing a press conference at Congress Bhavan, said the audit findings raised serious questions about the implementation of the state budget. He urged the government to fix responsibility for the financial issues highlighted by the report or resign.

According to figures cited by Singh, against a total budget provision of ?37,392.66 crore in 2024-25, ?8,927.55 crore remained unspent, accounting for 23.88 per cent of the total provision. He also highlighted capital expenditure, saying the state had provided ?8,989.60 crore under the capital budget but spent only ?2,704.23 crore.
Singh further pointed to a gap between budgeted and actual receipts under grants-in-aid from the Centre. He said ?16,015.85 crore had been budgeted under the head, while actual receipts stood at ?5,473.21 crore. On the state’s borrowing position, Singh said Manipur raised gross borrowings of ?11,599.08 crore during 2024-25, of which ?9,420.41 crore, or 81.22 per cent, went towards repayment of earlier principal.
According to the figures cited by the Congress leader, the state’s gross debt and other obligations increased from ?18,871.79 crore in 2023-24 to ?20,846.88 crore at the end of 2024-25. Interest payments during the year stood at ?1,022.23 crore.
Singh also raised the issue of incomplete projects. He said 138 projects remained unfinished despite expenditure of ?7,473.53 crore on them, and argued that delays could affect the intended benefits and contribute to cost escalation.
He also referred to savings of ?229.94 crore under the Relief and Disaster Management grant during 2024-25, saying substantial savings had been recorded under the same grant in previous years. “The CAG is not an opposition party. It is the constitutional auditor of public money,” Singh said, referring to the audit findings.
The CAG report, prepared for submission to the Governor under Article 151 of the Constitution, examines Manipur’s fiscal position, revenue and expenditure trends, debt profile, borrowing patterns and budgetary management.
Singh called for accountability over the issues raised by the audit report and said those responsible should be held answerable for the state’s financial management.

