New Delhi, Aug. 12 -- The national auditor has flagged potential and actual losses, idle funds, and accounting lapses totalling Rs.3.17 lakh crore in its audit of the Union government's accounts for 2022-23.

While revenue and fiscal deficits stayed below revised estimates in FY23, the Comptroller and Auditor General (CAG) identified significant short recoveries, unutilised reserves, arrears in loan repayments, and discrepancies in financial reporting that could undermine fiscal transparency and efficiency.

The CAG audit found that out of Rs.2.41 lakh crore collected for four specific reserve funds between FY19 and FY23, only Rs.344 crore was transferred to their intended accounts, leaving Rs.2.40 lakh crore unutilised.

Loans and advanc...