PATNA, July 25 -- The state government has a pending detailed contingent ( DC) bills worth Rs.9,205.76 crore while pending utilisation certificates (UCs) worth Rs. 70,877 crore as on March 31st, 2024, as per the report on state finances for year 2023-24 prepared by the Comptroller and Auditor General of India ( CAG), which was placed in the state assembly on Thursday. The detailed contingent bills (DC) have to submitted against the advance money withdrawn through abstract contingent bills( AC) bills. In its report, the CAG has also found shortcomings in the management of state finances like large savings of funds under centrally sponsored schemes and rise in fiscal deficit from Rs. 35,659.88 crore (4.17% of GSDP) in 2023-24 from Rs.14,723.93 crore (2.53% of GSDP) in 2019-20. The pending DC bills have remained a major concern of the state government with CAG flagging the issue many times in past few decades. In its observation in the state finance report, CAG said that ' non submission of DC bills within the prescribed period breaches financial discipline and enhances the risk of misappropriation of public money'. The report has also highlighted how the pendency of UCs is fraught with the risk of embezzlement , misappropriation and diversion of funds. Besides, the CAG report also said that subsidies have been a major component of the non-committed expenditure in the last few years. The report said the rise in the figure was from Rs.7,121 crore in 2019-20 to Rs.16,244 crore in 2023-24, i.e., from 5.65% of the total revenue expenditure in 2019-20 to 8.53% in 2023-24 over the five-year period....