2014FF-20131115_Fiscal Accountability Report FY 14 - FY 18

8/13/2019 2014FF-20131115_Fiscal Accountability Report FY 14 - FY 18

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KNNCBH KN NCRBIG IEIGSRCRVkk` 86??, Ghlcsgitcvh Knncbh Fucgjcel

Dirtnkrj, BZ ?>9?> (4>?) 6:?-?6??H-@icg=kniObli.bt.lkvwww.bli.bt.lkv/kni

Ncsbig Ibbkuetifcgcty Vhpkrt

tk tdh Ipprkprcitckes iej Nceiebh Bk``ctthhsis rhqucrhj fy BLR Rhb. 6-2>f

Ekvh`fhr 98, 6?92
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KNI RZINN

Igie Bigiejrk, Jcrhbtkr

Bdrcstceh Isdfure, Rhbtcke Bdchn

@cbdihg @urpdy, Rhbtcke Bdchn

Hvhgye Irekgj, Isskbcith IeigystHbkek`cb Jhvhgkp`het, Dkuscel, Bugturh iej Zkurcs`, VhsugtsFishj Ibbkuetifcgcty

Ieeh Fkrjchrc, Ieigyst CC Zriespkrtitcke Nuej, @ktkr ^hdcbghs, Jhpt. kn Zriespkrtitcke,@cgctiry, ^hthries Innicrs, Rkgjchrs, Ricgkrs & @ircehs

\cggci` Ghjhrìe, _rcebcpig Ieigyst Fujlht Cenkrìtcke Rysth`, Cebk`h Zix @kjhgcel

Gceji @cgghr, _rcebcpig Ieigyst Ittkrehy Lhehrig, Zrhisurhr, Jhft Rhrvcbh, Fkejcel

Bdrcs \htzhg, Isskbcith IeigystJhpt. kn Gifkr, Zix _kgcby & Vhvheuh Ieigyscs, Jhpt. kn VhvheuhRhrvcbhs, Rphejcel Bip

Bdrcs _hrcggk, Rhbtcke Bdchn

Jie Jcgwkrtd, Ieigyst CCKnncbh kn _kgcby & @l`t., Lriets tk Zkwes (_CGKZR, _hqukt),@uecbcpig Nuejs, Nhjhrig Nuejs

Lriet Lilhr, Ieigyst CC

H`hrlheby Rhrvcbhs & _ufgcb _rkthbtcke, Knncbh kn Lkvhre`hetIbbkuetifcgcty, Lkvhrekr, Gt. Lkvhrekr, Rhbrhtiry kn tdh Rtith,

Bk``. ke Duìe Vcldts & Kppkrtuectchs

Aygh Vdujh, Isskbcith IeigystJhpt. kn Ij`cecstritcvh Rhrvcbhs, Rtith _hrskeehg, RtithwcjhCssuhs, Hehrly Nuejs, Bkesu`hr Bkueshg, Bkestrubtcke Rhrvcbhs

@irby Vctscba, Isskbcith IeigystHevcrke`het, Ilrcbugturh, Ilrcbugturh Hxphrc`het Rtitcke,Bkuebcg ke Hevcrke`hetig Yuigcty

Vkf \yskba, Rhbtcke Bdchn

Ehcg Iyhrs, _rcebcpig IeigystJhpt. kn Rkbcig Rhrvcbhs, XBkee Dhigtd Bhethr, Knncbh kn DhigtdBirh Ijvkbith, Jhpt. kn Cesuriebh

Mkeitdie _ig`hr, Ieigyst CC Bkrrhbtckes, Fujlht Cenkrìtcke Rysth`

_dkhecx Vkeie, Isskbcith Ieigyst Brc`ceig Mustcbh, Mujcbcig, _ufgcb Jhnhejhr, _rkfith

H`cgy Rdhpirj, _rcebcpig Ieigyst

Jhpt. kn Rkbcig Rhrvcbhs, @hetig Dhigtd iej Ijjcbtcke Rhrvcbhs,

_sybdcitrcb Rhburcty Vhvchw Fkirj, Knncbh kn Hirgy Bdcgjdkkj

Dkggy \cggci`s, Isskbcith IeigystRtith Bk`ptrkgghr, Jhpt. kn Rkbcig Rhrvcbhs (Dhigtd Birh), RtithH`pgkyhh Nrcelh Fhehncts, \krahrs Bk`phesitcke

Ij`cecstritcvh Rtinn

Giurch G. \yskba, Rr. Hxhbutcvh Rhbrhtiry

Zdhrhsi Ahggy, Rheckr Ghlcsgitcvh Rhbrhtiry

Gcsi Acrk, Rtinn Isscstiet/Ncsbig Ekth Bkkrjceitkr

Ghlcsgitcvh Knncbh Fucgjcel, Vkk` 86??, Dirtnkrj, BZ ?>9?>_dkeh= (4>?) 6:?-?6??

H-@icg=kniObli.bt.lkv1www.bli.bt.lkv/kni

Ririd Fkureh, _rcebcpig IeigystHgh`hetiry Hjubitcke, Knncbh kn Dcldhr Hjubitcke, ZkweHjubitcke Lriets

Jke Bdinnhh, _rcebcpig Ieigyst Ghlcsgitcvh Ilhebchs, Fujlht Cenkrìtcke Rysth`, Rtith _hrskeehg

Vibdhg Jhggi _chtri, Isskbcith IeigystBdcgjrhe iej Ni`cgchs, _ufgcb Dhigtd, @hjcbig Hxi`cehr, ZkfibbkRhttgh`het Nuejs

Bdrcstcei Lhggìe, _rcebcpig IeigystFieacel, Jhpt. kn Jhvhgkp`hetig Rhrvcbhs, Zhibdhrs Vhtcrh`het,Jhpt. kn Vhdifcgctitcke Rhrvcbhs

Igie Rdhpirj, _rcebcpig IeigystFkirj kn Vhlhets nkr Dcldhr Hjubitcke, XBkee, Bkesu`hr_rkthbtcke
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ZIFGH KN BKEZHEZR

Cetrkjubtcke .................................................................................................................................. 9Rhbtcke 9= NS 9: NS 94 Fujlht Hstc`iths iej Issu`ptckes nkr IpprkprcithjNuejs .............................................................................................................................................. 9

Hxphejcturh Jhticg .................................................................................................................... 2Vhvheuh Jhticg .......................................................................................................................... 3Ktdhr Ipprkprcithj Nuejs _rkmhbthj Vhvheuhs, Hxphejcturhs iej HejcelFigiebhs .................................................................................................................................... 9Rhbtcke 8= NS 9: NS 94 _rkmhbthj Fkejcel iej Jhft Rhrvcbh ......................................... 64Rhbtcke >= Ieigyscs kn Vhvheuh, Hxphejcturh Zrhejs iej @imkr Bkst Jrcvhrs,Irhis kn Bkebhre iej Nhjhrig Vhvheuh ................................................................................ 29Rhbtcke 6Ipphejcx H= Nhjhrig Vhvheuh, Hxphejcturhs, iej Jhncbct ................................................ >8Ipphejcx N= Nhjhrig Lkvhre`het Rdutjkwes nrk` NNS < Ipphejcx L= Xpjith ke LII_ Bkevhrscke Fkej Cssuiebh iej HVE Vhnceiebcel .... >3Ipphejcx D= Rtitus kn Fucgj I`hrcbi Fkejs ......................................................................


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Cetrkjubtcke

Bkeehbtcbut giw (BLR Rhb. 6-2>f) rhqucrhs tdh Knncbh kn Ncsbig Ieigyscs hvhry Ekvh`fhr98 tk rhpkrt ke shvhe tkpcb irhis rhgithj tk stith sphejcel iej rhvheuh.

Zdh nkggkwcel rhpkrt cs strubturhj ce ibbkrjiebh wctd tdksh stitutkrcgy ìejithj irhisiej cs tdhrhnkrh krlieczhj cetk shvhe pirts is nkggkws=

9. NS 9: NS 94 fujlht hstcìths iej issu`ptckes nkr ipprkprcithj nuejs,6. NS 9: NS 94 tix brhjct hstcìths iej issu`ptckes,2. NS 9: jhncbchebchs,:. NS 9: NS 94 prkmhbthj figiebh kn tdh Fujlht Vhshrvh Nuej,8. NS 9: NS 94 prkmhbthj fkejcel iej jhft shrvcbh,>. Fujlht trhejs iej irhis kn bkebhre iejf bie fh nkuej ce Ipphejcx I.


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Rhbtcke 9= NS 9: NS 94 Fujlht Hstcìths iej Issu`ptckes nkrIpprkprcithj Nuejs

Lhehrig Nuej\h irh prkmhbtcel i $99 $ NS 9< $ NS 94$

Hstcìthj Hxphejcturhs 929.>

Hstcìthj Vhvheuh 9 9 93,938.9

Rurpgus/(Jhncbct) 99.4) (9,:2>.8)

% kn Hstcìthj Hxphejcturhs ?..6%) (? `cggcke ce Zkwe Icj Vkij fhcel fkejhj ce NS 9: iej NS 98 iej tdhe ijjhjfiba tk tdh Jhpirt`het kn Zriespkrtitckes ipprkprcitcke ce tdh i`kuet kn $2?.>`cggcke ce NS 9>, iej ie ijjctckeig $?.< `cggcke ce NS 9< iej NS 94,

Ie cebrhish kn $69.4 `cggcke ce NS 98, $>.? `cggcke ce NS 9>, $8.3 `cggcke ce NS 9.? `cggcke ce NS 94 nkr tdh Rtith H`pgkyhh Vhtcrh`het Rysth` (RHVR) iej

Ie cebrhish ce $93.: `cggcke ce NS 98, $6>.6 cggcke ce NS 9>, $:?.8 `cggcke ce NS9< iej $:?.3 `cggcke ce NS 94 nkr Jhft Rhrvcbh.

Zdhsh hxphejcturhs irh pirtciggy knnsht fy tdh sbdhjughj triesnhrs nrk` tdh LhehrigNuej tk tdh RZN fy $6.9 `cggcke ce NS 98, ie ijjctckeig $98?.< `cggcke ce NS 9> iej ieijjctckeig $9?.? `cggcke ce NS 9< tdrkuld NS 94.

9Lhehriggy Ibbhpthj Ibbkuetcel _rcebcpghs.


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6

RZN Kutgkka (ce `cggckes)

RZN NS 9: $ NS 98 $ NS 9> $ NS 9< $ NS 94 $

Fhlceecel Figiebh 9>:.> 98>.4 988.? 62:.9 682..9 9,:3>.4 9,:3 9,:?


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2

Hxphejcturh Jhticg

NS 9:Zdh bigbugitcke kn tdh hstcìthj surpgus kn $99.8 `cggcke dcldhr rhvheuh tdie krclceiggy fujlhthj iej $8>.6 `cggcke gkwhr hxphejcturhs tdie krclceiggy fujlhthj.

Zdh tifgh fhgkw bk`pirhs tdh krclceig fujlht pgie wctd tdh prkmhbthj NS 9:hxphejcturhs iej rhvheuhs.

NS 9: Lhehrig Nuej Ru`ìry (ce `cggckes)

Ru`ìryFujlht_gie $

Cebrhish/(Jhbrhishs) $

_rkmhbthj $

Hxphejcturhs 99.: - 99.:

NS 9: Jhncbcheby Vhqucrh`hets - 6:.> 6:.>

Fujlhthj Gipshs (9,9>: cs iggkbithj tk stith ilhebchs, (6) tdh Lhehrig KtdhrHxpheshs Gipsh cs $:,???,???, kn wdcbd $2,333,333 cs iggkbithj tk stith ilhebchs iej (2)tdh Rtithwcjh Dcrcel Vhjubtcke Gipsh cs $>,,,


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:

stith ilhebchs. Zdh $6:.3 `cggcke ce dkgjfibas irh cebgujhj ce kur hstc`ithj gipsh kn$682.8 `cggcke ce NS 9:.

Fujlhthj Gipshs

Gipsh NS 9: $ NS 98 $ Hxpgieitcke

Lhehrig Nuej Gipshs

LII_ Gipsh (8,8??,???) (


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NS 9> - NS 94= Issu`ptckes Xshj tk Jhvhgkp Hxphejcturh Hstcìths

Kur prkmhbtckes rhnghbt i burrhet shrvcbhs`htdkjkgkly. Burrhet shrvcbhsrhnghbt tdhi`kuet rhqucrhj ce krjhr tk prkvcjh ce tdh subbhhjcel ncsbig yhir tdh si`h shrvcbhs istdh burrhet ncsbig yhir pgus iey sbdhjughj kr rhqucrhj bdielhs. Nkr hxi`pgh, hstc ithj

hxphejcturhs irh upjithj nkr= (9) cengitcke, (6) ieeuigczitcke kn pirtcig yhir bksts, (2)prkmhbthj cebrhishs kr jhbrhishs ce bishgkij, (:) bk`pghtcke kn prkmhbts, (8) bkgghbtcvhfirlicecel cebrhishs, (>) bksts ìejithj fy stituth kr bkurt krjhr iej ( % NS 9< % NS 94 % Rkurbh kr @htdkjkgkly

Fish9 6.9 6.6 6.2 Bkelrhssckeig Fujlht Knncbh

_hrskeig Rhrvcbhs/Rigiry :.> :.8 :.: Ivhrilh bketribt shttgh`hets

Hghbtrcbcty 9.3 6.8 6.> @kkjy's Hbkek`y.bk`

Eiturig Lis ?.4 9.6 9.2 @kkjy's Hbkek`y.bk`

@ktkr ^hdcbgh Nuhg 6.? 9.< 9.< @kkjy's Hbkek`y.bk`

Nuhg Kcg 9.? 9.9 9.9 @kkjy's Hbkek`y.bk`

@hjcbig >.6 >.6 8.: Eitckeig Dhigtd Hxphejcturhs, B@R Knncbh kntdh Ibtuiry, Mieuiry 6?92

Zhibdhrs _hescke _iyrkgg Nibtkr :.? :.? :.? >/2?/96 Zhibdhrs' Vhtcrh`het Fkirj îguitck

Nkkj 9.< 9.< 9.< @kkjy's Hbkek`y.bk`

Hjubitcke 6.3 6.3 6.3 Ivhrilh thibdhr bketribt shttgh`hets


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>

Zyph NS 9> % NS 9< % NS 94 % Rkurbh kr @htdkjkgkly

\krahrs' Bk`phesitcke 8.: 8.2 :.3 Eitckeig Dhigtd Hxphejcturhs, B@R Knncbh kntdh Ibtuiry, Mieuiry 6?96

@hjcbicj :.8 2.4 2.9 Kutgkka nkr @hjcbicj, B@R Knncbh kn tdhIbtuiry, 6?96

9Rtiejirj cengitcke rith ekt cebgujhj ce tdh ktdhr bithlkrchs gcsthj1 hqucvighet tk tdh Knncbh kn _kgcby iej @ieilh`hets "Igg Ktdhr"bithlkry.

Cengitckeiry Ijmust`hets (igg ipprkprcithj nuejs ce `cggckes)

ZyphNS 9> Cengitcke NS 9< Cengitcke NS 94 Cengitcke

Vith % I`kuet $ Vith % I`kuet $ Vith % I`kuet $

Fish 6.9 .6 9.6 9.9

Zhibdhrs' _hescke _iyrkgg Nibtkr :.? 23.2 :.? :9.? :.? :6. iej NS 9< nkr tdh RHVR iej MVRwcgg fh bigbugithj fy tdh stiths ibtuirchs iej wcgg fh prhshethj ce tdh cejcvcjuigviguitckes nkr tdh rhsphbtcvh systh`s.

2. Ktdhr Nrcelh Fhehncts= Cebgujhj ce tdcs nclurh irh tdh nkggkwcel= Rkbcig Rhburcty,Xeh`pgky`het Bk`phesitcke, Ibtcvh iej Vhtcrhj H`pgkyhh Dhigtd, iej LrkupGcnh. Lrkup Gcnh iej Xeh`pgky`het Bk`phesitcke issu`hj fish cengitcke,Rkbcig Rhburcty rhnghbts prkmhbthj cebrhishs ce phrskeehg rhgithj bksts, iej tdhdhigtd ibbkuets whrh cebrhishj fishj ke tdh prkmhbthj rith kn lrkwtd nkr tdhEitckeig Dhigtd Hxphejcturh Ibbkuets. _ghish ekth tdh dhigtd ibbkuets whrh

ijmusthj ce NS 9< tk rhnghbt tdh hej kn tdh Zriesctckeig Vhcesuriebh Nhh rhqucrhjfy tdh _itchet _rkthbtcke iej Innkrjifgh Birh Ibt.

Ktdhr Burrhet RhrvcbhsCe ijjctcke tk cengitcke, ktdhr ijmust`hets irh `ijh tk bigbugith Burrhet Rhrvcbhsrhqucrh`hets ce NS 9> iej fhykej. Zdh tifgh prkvcjhj fhgkw rhnghbts tdh ktdhr BurrhetRhrvcbhs ijmust`hets ce tdh kut yhirs.

Ktdhr Burrhet Rhrvcbhs Ijmust`hets(cebrhishs sdkwe irh ifkvh prckr yhir fish - igg ipprkprcithj nuejs - ce `cggckes)

Ijmust`hets NS 9> $ NS 9< $ NS 94 $

Jhft Rhrvcbh 24.4

Rtitutkry Nkr`ugi 669.6 99.2 99.4

Bishgkij 9>4.3 96>.8 964.6

LII_ Ibbruigs ::.8 :.> >.8

Ijmust Kphritcel Hxpheshs tkVhnghbt Burrhet Vhqucrh`hets

9


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Hxpgieitcke kn bithlkrchs=

9. Jhft Rhrvcbh= Bketribtuig bk``ct`het tk piy tdh prcebcpig iej cethrhst kehxcstcel iej prkmhbthj nuturh jhft kfgclitckes.

6. Rtitutkry Nkrùgi Ijmust`hets= Vhskurbhs ehhjhj tk nuej bhrtice lriets ceibbkrjiebh wctd burrhet stitutkry nkrùgis.

2. Bishgkij= Fujlhthj nuejcel ehbhssiry tk ibbk``kjith bdielhs ce bishgkij nkrhetctgh`het, bhrtice eke-hetctgh`het, kr herkgg`het prklri`s.

:. LII_ Ibbruigs= _I 99-:4, is `kjcnchj fy _I 92-623 iej _I 92-6:. Bketribtuig Kfgclitckes= Nuturh bksts ehbhssiry tk `hht burrhet bketribtuigkfgclitckes. Zdh NS 94 ijmust`het cs juh tk tdh prkvcscke ce tdh Vhvcshj 6?99

RHFIB Ilrhh`het rhqucrcel tdh stith tk ìtbd h`pgkyhh bketrcfutcke nkr rhtcrhhdhigtd cesuriebh stirtcel ce NS 94.

tk rh`kvh tdh VC_ ibbruig nrk` _hrskeig Rhrvcbhs.


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Vhvheuh Jhticg

NS 9: - NS 94 Issu`ptckes Xshj tk Jhvhgkp Vhvheuh Hstc`ithsKur rhvheuh prkmhbtckes cebkrpkrith tdh ieigyscs kn burrhet iej prckr-yhir ibtuigbkgghbtckes jiti, ce bkemuebtcke wctd hbkek`cb cejcbitkrs nrk` @kkjys Hbkek`y.bk`nkrhbist is kn Kbtkfhr 9>, 6?92 (shh tifgh fhgkw), tk jhthr`ceh fishgceh rhvheuh tktigs.

Zdhsh tktigs irh tdhe upjithj tk ibbkuet nkr keh-tc`h kbburrhebhs (c.h., iujct bkgghbtckes,shttgh`hets, htb.) iej pkgcby ijmust`hets.

Bkeehbtcbut Hbkek`cb Cejcbitkrs

Cejcbitkr NS 9: % NS 98 % NS 9> % NS 9< % NS 94 %

Lrkss Rtith _rkjubt 6.8 :.2 :.? 6.4 6.9

Vhig _hrskeig Cebk`h 6.? :.< :.6 2.9 6.9

$ Ivhrilh Ieeuig \ilhs9 >8.> >3.< .9 8.> 8.6

Zktig Vhticg Righs :.< 8.> 2.< 2.9 2.6

Vhig Hstith _rcbhs 6.? 8.9 2.3 2.> :.9

Hxcstcel Dk`h Righs 3.: 3.8 2.2 -9.8 -?.99Jkggirs irh ce tdkusiejs.

Lhehrig Nuej

NS 9: iej NS 98 KvhrvchwZdh bkeshesus rhvheuh hstc`iths, jhvhgkphj mkcetgy wctd tdh Knncbh kn _kgcby iej@ieilh`het (K_@) ce Ekvh`fhr, rhnghbt i eht rhvheuh cebrhish kn $8>.8 `cggcke ce NS9: iej $26 `cggcke ce NS 98.


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Lhehrig Nuej Bkeshesus Vhvheuh Hstc`iths nkr tdh Fcheecu`9(ce `cggckes)

Nuej/VhvheuhFujlht

NS 9: $Vhvcsckes $

Bkeshesus

NS 9: $

Fujlht

NS 98 $Vhvcsckes $

Bkeshesus

NS 98 $

_hrskeig Cebk`h 4,4?4.4 - 4,4?4.4 3,233.4 - 3,233.4

Righs iej Xsh :,?::.? 2?.? :,?:.4 22.9 :,933.9 (99.?) 984.9 9.? - 9?>.?

Zriesnhr (Zk) Ktdhr Nuejs 648.< - 648.< :.3 - :.3

Zktig Ktdhr Rkurbhs 9,


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Zdh upwirj rhvcsckes ce NS 9: hstcìthj Lhehrig Nuej rhvheuhs irh girlhgyittrcfutifgh tk tdh nkggkwcel=

Righs & Xsh Zix ie cebrhish kn $2?.? `cggcke. Zdcs bdielh cs ittrcfutifgh tk= (9)ibtuig NS 92 bkgghbtckes bk`cel ce dcldhr tdie prkmhbthj ce tdh Iprcg Bkeshesus

iej (6) i strkelhr yhir kvhr yhir lrkwtd tdie ietcbcpithj ce tdh ncrst quirthr kntdh ncsbig yhir.

Bkrpkritcke Fuscehss Zix i keh-tc`h cebrhish kn $2? `cggcke juh tk dcldhr-tdie-fujlhthj rhvheuh nrk` tdh Zix Ièhsty prklri`, wdcbd rues tdrkuldEkvh`fhr 98.

Vhig Hstith ie cebrhish kn $98.> `cggcke tk rhnghbt fujlhthj lrkwtd nrk` idcldhr-tdie-hstcìthj rhvheuh fish is NS 92 ibtuig bkgghbtckes whrh dcldhr tdietdh Iprcg 6?92 bkeshesus hstcìth. Burrhet yhir bkgghbtckes yhir-tk-jith igskcejcbith bketceuhj strheltd ce tdcs rhvheuh bithlkry.

Zdhsh cebrhishs irh pirtciggy knnsht fy tdh nkggkwcel rhvheuh rhjubtckes=

@csbhggiehkus Vhvheuh i jhbrhish kn $99 `cggcke tk rhnghbt ehlitcvhbkgghbtckes trhejs rhgitcvh tk tirlhts tdrkuld tdh ncrst quirthr kn tdh ncsbig yhir.

Vhnuej kn _iy`hets ie cebrhish kn $8 `cggcke tk rhnghbt rhnuej piykutstrhejcel dcldhr tdie fujlhthj ghvhgs.

Bkeehbtcbuts kvhrigg hbkek`y cs hxphbthj tk lrkw fy 6.8% ce NS 9:, wdcbd rhnghbts tdhbketceucel sgkw hbkek`cb rhbkvhry nkggkwcel tdh rhbhet rhbhsscke. Vhbkvhry ce tdhgifkr ìraht dis shhe ìmkr lrkwtd ce rhticg iej ghcsurh shbtkrs, fut whiaehss ce

nceiebcig iej jhnhesh/ihrkspibh cejustrchs. _hrskeig cebk`h cs lrkwcel, tribacel bgkshtk cengitcke, fut dis ekt rhlicehj gksshs nrk` tdh rhbhsscke.

Ke tdh pksctcvh scjh, tdh dkuscel ìraht sdkws scles kn c`prkvh`het wctd scelgh-ni`cgy dkuscel prcbhs iej rhscjhetcig bkestrubtcke rcscel.

NS 9> - NS 94Zdh rhvheuh hstcìths ce tdh kut yhirs cebgujhs ùgtcpgh ijmust`hets, wdcbd irh juh tkburrhet rhvheuh pkgcbchs is whgg is ktdhr hxthreig nibtkrs.

_I 92-94:, tdh NS 9: iej NS 98 Fujlht, rh-hstifgcsdhs tdh sighs tix hxh`ptckenkr bgktdcel uejhr $8? ce Mueh 6?98. Zdh NS 98 fujlht cebgujhs i rhvheuh gkss kn$99.8 `cggcke ce NS 98 rhsugtcel nrk` tdcs bdielh. Zdh ieeuigczhj rhvheuh gkss cshstcìthj tk fh up tk $98? `cggcke ce NS 9>. Zdcs hxh`ptcke prhvckusgybug`ceithj ce $964.< `cggcke ce rhvheuh nkrhlkeh ce NS 99, tdh gist yhir ce wdcbdtdh hxh`ptcke wis ce stituth, ibbkrjcel tdh 6?99 Jhpirt`het kn VhvheuhRhrvcbhs Ieeuig Vhpkrt.


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96

Zdh c`pibt kn Xrfie & Cejustrcig Rcth Vhcevhst`het (XVI) tix brhjcts cs igskprkmhbthj tk rhsugt ce rhvheuh gksshs ce tdh kut yhirs. Zdh brhjct, wdcbd csivicgifgh nkr hgclcfgh cevhst`hets ce bhrtice quigcnchj prkmhbts, cs tiahe cecebrhiscel cebrh`hets kvhr tdh bkursh kn the yhirs fhlceecel nkur yhirs nrk` tdhjith tdh quigcnycel cevhst`het cs ìjh. Fishj ke jiti nrk` tdh Jhpirt`het kn

Hbkek`cb iej Bk`ùecty Jhvhgkp`het, ct cs prkmhbthj tdit tdcs wcgg rhsugt cesclecncbiet rhvheuh gksshs fhlceecel ce NS 9: iej bketceucel tdrkuld NS 94. Zdhbuùgitcvh c`pibt kn tdh brhjcts cs hstcìthj tk fh ipprkxcìthgy $943 `cggcke.Ct sdkugj fh ekthj tdit up tk $:? `cggcke ce fkejcel (it ie hstcìthj bkst kn $>9`cggcke cebgujcel cethrhst) wis iutdkrczhj ce _I 92-94: tk suppkrt tdh XVI tixbrhjct prklri` ce tdh NS 9: - NS 98 fcheecu`, wdcbd gkwhrs tdh buùgitcvhLhehrig Nuej rhvheuh gkss tk $9:3 `cggcke tdrkuld NS 94.

Ietcbcpithj kphecel kn bisceks ce @issibdushtts. Fishj ke tdh githstcenkrìtcke rhpkrthj, ct cs ietcbcpithj tdit i biscek gcbhesh wcgg fh cssuhj ce tdhRprcel kn 6?9:, wctd bkestrubtcke bk`pghthj sk`htc`h ce tdh shbkej dign kn NS

9>. Zdcs cs prkmhbthj tk rhsugt ce i buùgitcvh gkss kn $>4.6 `cggcke ce CejcieLi`cel _iy`hets fhlceecel ce NS 9> tdrkuld NS 94.

Juh tk tdh sbdhjughj hxpcritcke kn virckus triesnhrs tk tdh Lhehrig Nuej,rhvheuh prkmhbtckes jhbrhish fy $8>4.9 `cggcke fhtwhhe NS 9: iej NS 9>. @imkrskurbhs nkr tdhsh triesnhrs cebgujhj NS 92 Lhehrig Nuej surpgus iej tdh RphbcigZriespkrtitcke Nuej. Ce ijjctcke, shvhrig ktdhr keh-tc`h triesnhrs nrk` eke-ipprkprcithj nuejs ushj tk figiebh tdh 6?9:-6?98 Fujlht irh sht tk hxpcrh iejwcgg fh ueivicgifgh ce tdh kut yhirs uejhr burrhet giw.

Zdh Fujlht th`pkrircgy hxthejhj bhrtice fuscehss tix `hisurhswdcbd irh igskjuh tk hxpcrh it tdh hej kn tdh 6?9:-6?98 fcheecu`, cebgujcel i 6?% bkrpkritcke

fuscehss tix surbdirlh iej gc`ctitckes ke tdh ush kn bhrtice tix brhjcts. Zdhhxpcritcke kn tdhsh pkgcbchs rhsugts ce i buùgitcvh rhvheuh gkss kn $>.

Kvhrigg hbkek`cb lrkwtd cs hxphbthj tk phia ce NS 9> it ipprkxcìthgy :.?%, tdhejhbrhishs sgcldtgy tk 6.9% fy NS 94. Dkwhvhr, ueh`pgky`het cs hxphbthj tk rhìceifkvh >.?% tdrkuld NS 9> tdhe jhbrhish tk 8.6% ce NS 94. _hrskeig cebk`h lrkwtd csietcbcpithj tk phia ce NS 98 it i rith kn :.


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Lhehrig Nuej Bkeshesus VhvheuhHstc`iths nkr tdh Kut-Shirs (ce `cggckes)

Nuej/Vhvheuh_rkmhbthj

NS 9> $_rkmhbthj

NS 9< $_rkmhbthj

NS 94 $

Zixhs

_hrskeig Cebk`h 3,383.8 9?,884.4 99,9.9 :,:?4.< :,849.:

Bkrpkritckes >4>.9 .? 2?2.3

Cedhrctiebh iej Hstith 948.8 939.9 93>.3

Cesuriebh Bk`piechs 624.< 6:6.6 6:>.8

Bclirhtths 2>4.9 28.3 893.: 869.3

@csbhggiehkus 6?.> 69.9 69.>

Ruftktig Zixhs 9>,49?.: 9:8.4 94,:2?.4

Ghss Vhnuejs kn Zixhs (9,9>2.4) (9,696.?) (9,6>6.:)

Ghss Hirehj Cebk`h Zix Brhjct (924.:) (9::.3) (989..8) (>.4) (,646.9 9Ktdhr Vhvheuh

Zriesnhr Rphbcig Vhvheuh 2::.9 28:.4 2>8.:.? 696.6 696.6

Gcbheshs, _hr`cts iej Nhhs 299.3 642.: 26?.:

Righs kn Bk``kjctchs iej Rhrvcbhs :?.< :6.6 :2.2.> 9>8.4

Vhnuejs kn _iy`hets (.> 93,938.9


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Zdh nkggkwcel tifgh kutgcehs yhir-kvhr-yhir lrkwtd riths nkr tdh virckus rhvheuhbithlkrchs inthr bketrkggcel nkr bdielhs ce tdh rhvheuh fish, subd is pkgcby ijmust`hetskr keh-tc`h kbburrhebhs.

Lhehrig Nuej Hbkek`cb Lrkwtd Viths nkr @imkr Zix Vhvheuhs

(phrbhet bdielh nrk` tdh prhvckus ncsbig yhir)

NS 98 % NS 9> % NS 9< % NS 94 %

Zix Vhvheuhs

_hrskeig Cebk`h >.4 8.3 >.? 8.4

\ctddkgjcel 8.8 8.2 >.2 8.8

Hstc`iths & Nceigs 3.? >.3 8.8 >.6

Righs iej Xsh 2.2 :.: :.9 2.3

Bkrpkritckes :.: 6.8 :.6 2.8

_ufgcb Rhrvcbh Bkrpkritckes 9.4 9.2 6.< 6. 6.8 ?.8 6.6

Righs kn Bk``kjctchs 2.9 2.2 2.< 2.>

Vhets, Ncehs iej Hsbdhits 9.< 9.8 6.6 6.6

Cevhst`het Cebk`h 2


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Rphbcig Zriespkrtitcke Nuej (RZN)Zdh bkeshesus rhvheuh prkmhbtckes nkr tdh RZN cejcbith i eht rhvheuh cebrhish kn $?.4`cggcke ce NS 9: iej i eht rhvheuh jhbrhish kn $?.3 `cggcke ce NS 98. Zdh eht cebrhish csi bk`fceitcke kn=

Ie cebrhish kn $9.9 `cggcke ce @ktkr Nuhgs Zix ce NS 9: nrk` dcldhr tdieietcbcpithj rhvheuh nrk` tdh liskgceh iej jchshg nuhg tixhs. Shir tk jithbkgghbtckes divh cebrhishj fy ipprkxc`ithgy 2.4%bk`pirhj tk gist yhir1

Ie cebrhish kn $?.6 `cggcke ce NS 9: iej $?.9 `cggcke ce NS 98 ce rhvheuh nrk`cethrhst cebk`h1 iej

$?.8 `cggcke ce NS 9: ce sighs tix bkgghbthj fy tdh Jhpirt`het kn @ktkr ^hdcbghs.Zdcs cs pirtciggy knnsht fy i jhbrhish kn=

$9 `cggcke ce NS 9: - NS 94 ce Nhjhrig Lriets juh tk i 38


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NS 9> - NS 94Zdh RZN cs hxphbthj tk cebrhish `kjhstgy fy ipprkxc`ithgy 9% tdrkuld tdh kut-yhirs.Zdh `ktkr nuhgs tix cs ietcbcpithj tk jhbgceh fy ?.:% hibd yhir wdcbd cs `icegyittrcfuthj tk ie cebrhish ce nuhg hnncbchet vhdcbghs i`kel ktdhr nibtkrs. Zdcs jhbgcecellrkwtd ce tdh `ktkr nuhgs tix dis ghj tk ie cebrhiscel rhgciebh ke ktdhr rhvheuh skurbhs

tk suppkrt tdh RZN, cebgujcel tdh triesnhr nrk` tdh Lhehrig Nuej tdit cebrhishs ce NS 9>fy $98?.< `cggcke.

Rphbcig Zriespkrtitcke Nuej Bkeshesus Vhvheuhs= Kut Shirs (ce `cggckes)

Nuej/Vhvheuh_rkmhbthj

NS 9> $_rkmhbthj

NS 9< $_rkmhbthj

NS 94 $

Zixhs@ktkr Nuhgs Zix :3.4 9,:3


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9 $

Hstc`ithjNS 9< $

Hstc`ithNS 94 $

@isdietubaht _hqukt iej @kdhlie Nuej

Fhlceecel Figiebh 3?,94> 699,6


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NuejIbtuigNS 96 $

IbtuigNS 92 $

HstcìthjNS 9: $

HstcìthjNS 98 $

HstcìthjNS 9> $

HstcìthjNS 9< $

HstcìthNS 94 $

Brc`ceig Cemurchs Bk`phesitcke Nuej

Fhlceecel Figiebh 9,3) (6,


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Rtkeceltke iej _rhstke, (2) $9.> `cggcke cs jcstrcfuthj hvhegy tk tkwes ce tdhRkutdhisthre Bkeehbtcbut Bkuebcg kn Lkvhre`hets iej tk iey jcstrhsshjùecbcpigcty ce tdh Ekrtdhisthre Bkeehbtcbut Bkuebcg kn Lkvhre`hets kr tdh\cejdi` Irhi Bkuebcg kn Lkvhre`hets iej (:) 64 tkwes rhbhcvh ie ijjctckeigi`kuet sht fy stituth.

NS 9> - NS 94 issu`h nugg nuejcel kn tdh lriet it $928 `cggcke, pursuiet tk BLRRhb. 2-88c. Nkr NS 9: - NS 98, tdh lriet wis prk-rithj tk ìtbd ivicgifghipprkprcitckes.

6. Vhlckeig @iraht Kphritcke Nuej= Zdh Vhlckeig @iraht Kphritcke Nuej cskphrithj is i shgn-susticecel eke-prknct vheturh wdcbd cs nuggy nuejhj fy nhhslhehrithj nrk` tdh kphritcke kn tdh @iraht. Ct cs tdh girlhst nkkj jcstrcfutckethr`ceig fhtwhhe Ehw Skra & Fkstke iej prkvcjhs i bhetrig gkbitcke nkr nir`hrsiej wdkghsighrs tk shgg iej jcstrcfuth nkkj iej ktdhr ilrcbugturig prkjubts. Zdh

@iraht bkvhrs 26 ibrhs iej hebk`pisshs 62?,24> squirh nhht kn wirhdkush spibh,ie ibtcvh ricgrkij spur, iej 9:: stiggs ce tdh nir`hrs' ìraht.

Vhvheuh cs ietcbcpithj tk fh sgcldtgy uejhr $3??,??? nkr NS 9> - NS 94 iej csprkmhbthj fishj ke cebk`cel rhets nrk` twhety-keh (69) ghishs, ce ijjctcke tkrhvheuh nrk` kutjkkr ijvhrtcscel, nir`hrs ìraht stiggs, ricg birs, iej knncbhrhets. Bketribts nkr tdhsh 69 ghishs irh sht tdrkuld NS 98 iej irh ietcbcpithj tkcebrhish it i rith kn 2% nkr NS 9> NS 94.

Hxphejcturhs irh prkmhbthj tk cebrhish fy tdh stiejirj riths kn cengitcke

jhsbrcfhj hgshwdhrh ce tdcs rhpkrt. Dkwhvhr, ct ùst fh ekthj tdit jhnhrrhjìcetheiebh bksts, subd is tdh rhpicr kn i ricg gceh nkr $982,??? ce NS 96, bieektigwiys fh jhthr`cehj ce ijviebh. Figiebhs it tdh hej kn hibd ncsbig yhir irhjhpkscthj cetk tdh Rdkrt-Zhr` Cevhst`het Nuej (RZCN) ibbkuet.6

2. Fieacel Nuej= Zdh Fieacel Nuej cs suppkrthj fy isshss`hets, nhhs iej ncehspicj fy jhpksctkry cestctutckes suphrvcshj fy tdh Jhpirt`het kn Fieacel. Nuejsirh ushj prcìrcgy nkr tdh kelkcel kphritcke kn tdh Jhpirt`het kn Fieacel iejigsk nkr prklri`s ce tdh Gifkr Jhpirt`het, Jhpirt`het kn Dkuscel iej MujcbcigJhpirt`het.

Ieeuig rhvheuh rhnghbts rhbhet ghlcsgitcvh bdielhs tdit jhpksct pheigtchs iejshburctchs rhlcstritcke nhhs tk tdh Lhehrig Nuej ritdhr tdh Fieacel Nuej.Hxphejcturhs irh prkmhbthj tk cebrhish fy tdh stiejirj riths kn cengitcke

6Rdkrt-thr` `kehy ìraht cestru`het ìeilhj fy tdh Bisd @ieilh`het Jcvcscke kn tdh Rtith Zrhisurhrs Knncbh.Brhithj ce 93


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jhsbrcfhj hgshwdhrh ce tdcs rhpkrt wctd tdh hxbhptcke kn tdh MujcbcigJhpirt`hets Nkrhbgksurh @hjcitcke prklri` wdcbd sueshts ce NS 98.

:. Cesuriebh Nuej= Zdh Cesuriebh Nuej suppkrts tdh kphritcke kn tdh Jhpirt`hetkn Cesuriebh, tdh Knncbh kn tdh Dhigtdbirh Ijvkbith, iej i prklri` ce tdh

Jhpirt`het kn Rkbcig Rhrvcbhs tirlhthj it prhvhetcel niggs i`kel tdh hgjhrgypkpugitcke. Zdh Jhpirt`het isshsshs jk`hstcb cesuriebh bk`piechs iej hetctchstk bkvhr tdh bkst kn tdhsh ilhebchs. Zdh isshss`het cs fucgt irkuej tdh tktigi`kuet kn prh`cu` tixhs picj tk tdh Jhpirt`het kn Vhvheuh Rhrvcbhs fyjk`hstcb cesuriebh bk`piechs iej hetctchs nkr tdh prhbhjcel yhir. Zdhrh csburrhetgy i bip ke tdh isshss`het ìjh tk iey keh cesurhr. Ek keh bk`pieyìy fh bdirlhj `krh tdie 68 phrbhet kn tdh Cesuriebh Nuej skvhrigg hxpheshs1wctd tdh hxbhss sdirhj fy igg tdh ktdhr bk`piechs ce tdh si`h prkpkrtcke is tdhkvhrigg isshss`het.

Zdh cesuriebh cejustry cs prcìrcgy rhlugithj fy tdh stiths, ritdhr tdie tdhnhjhrig lkvhre`het, iej tdit kvhrscldt rhgchs dhivcgy ke tdh rhlugitkry hetcty cetdh stith wdhrh bk`piechs irh jk`cbcghj. Bkeehbtcbut cs keh kn 2? stiths tditnceiebh cts cesuriebh jhpirt`het tdrkuld i jhjcbithj cesuriebh nuej.Bkeehbtcbut fhlie cts nuej ce 934?. Kn tdh 2? stiths wctd i nuej, 6: stiths,cebgujcel Bkeehbtcbut, bk`pghthgy suppkrt tdh nuej wctd isshss`hets ke tdhrhlugithj cejustry.

Zdh Jhpirt`het kn Cesuriebh ieeuiggy isshsshs cesurhrs fy tdh i`kuetehbhssiry tk `hht ipprkprcithj fujlhthj ghvhgs. Hxphejcturhs irh prkmhbthj tk

cebrhish fy tdh stiejirj riths kn cengitcke jhsbrcfhj hgshwdhrh ce tdcs rhpkrt. ZdhCesuriebh Nuej ieeuiggy birrchs i figiebh nkrwirj tk suppkrt kphritckes nkr tdhncrst `ketds kn tdh ncsbig yhir uetcg tdh ehw isshss`het bie fh hstifgcsdhj iejbkgghbthj.

8. Bkesu`hr Bkueshg/ Jhpirt`het kn _ufgcb Xtcgcty Bketrkg Nuej= Zdh Bkesu`hrBkueshg & _ufgcb Xtcgcty Bketrkg Nuej suppkrts tdh kphritckes kn tdh hehrlyjcvcscke kn tdh Jhpirt`het kn Hehrly iej Hevcrke`hetig _rkthbtcke iej tdhKnncbh kn tdh Bkesu`hr Bkueshg. Hibd ilheby isshsshs tdh rhlugithj pufgcbutcgcty hetctchs (hghbtrcb, lis, withr iej bifgh) tk bkvhr tdh ilhebchs' bksts. Hibdrhlugithj hetcty cs rhspkescfgh nkr tdhcr pkrtcke kn tdh tktig ehhjs kn tdh ilhebchs,fishj ke tdhcr phrbhetilh kn tdh pufgcb shrvcbh bk`piechs' tix.

NS 9> - NS 94 rhvheuh issu`hs i 2% cebrhish tk rhnghbt cengitckeiry cebrhishs.Hxphejcturhs irh prkmhbthj tk cebrhish fy tdh stiejirj riths kn cengitckejhsbrcfhj hgshwdhrh ce tdcs rhpkrt.


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>. \krahrs' Bk`phesitcke Nuej= Zdh \krahrs' Bk`phesitcke Nuej suppkrts tdhkphritcke kn tdh \krahrs Bk`phesitcke Bk``csscke, tdh Rtith Jhpirt`het knVhdifcgctitcke Rhrvcbhs, kbbupitckeig dhigtd bgcecbs ij`cecsthrhj fy tdhJhpirt`het kn Gifkr iej sk`h shrvcbhs prkvcjhj fy tdh Jcvcscke kn Brc`ceigMustcbh. Zdh Rtith Zrhisurhr isshsshs prcvith cesuriebh bk`piechs iej h`pgkyhrs

tk bkvhr tdh Nuej's ieeuig bksts. Zdh isshss`het cs fucgt irkuej tdh prkpkrtckekn tdh prhbhjcel yhir's hxpheshs tdit tdh stith fkrh ke fhdign kn hibd shgn-cesurhjh`pgkyhr kr prcvith cesuriebh birrchr.

Vhvheuh cs fishj ke tdh stitutkrcgy-jhncehj isshss`het nkrùgi. Ce ncsbig yhirsnkggkwcel i nuej swhhp tdh i`kuet kn tdh rhvheuh (isshss`het) rhnghbts tdhc`pibt kn tdh nuej swhhp. Ce ncsbig yhirs wdhrh tdh c`pibt kn i nuej swhhp cs ektrhnghbthj ce tdh rhvheuh, tdh nuej figiebh it tdh hej kn tdh ncsbig yhir sdkugjrhnghbt i su` hquig tk ipprkxcìthgy scx `ketds' wkrtd kn hxphejcturhs, wdcbddis dcstkrcbiggy fhhe ipprkxcìthgy $9? tk $99 `cggcke. Hxphejcturhs irh

prkmhbthj tk cebrhish fy tdh stiejirj riths kn cengitcke jhsbrcfhj hgshwdhrh ce tdcsrhpkrt.


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i Zrust Nuej wdcbd cs ij`cecsthrhj fy tdh Zrhisurhr. Zdh cevhst`het cebk`h csjcstrcfuthj nrk` tdh Zrust Nuej tk tdh Rkgjchrs', Ricgkrs' iej @ircehs' RphbcigVhvheuh Nuej tk suppkrt tdh kphritckes kn tdh ilheby.

Zdh RR@N hxphejs jkggirs tdit irh iggkbithj tk tdh ilheby fishj ke ie

ipprkprcitcke ghvhg. Cethrhst hirehj ke tdh RR@N Zrust Nuej cs triesnhrrhj tk tdhilheby ke i `ketdgy fiscs tk fh utcgczhj nkr hxphejcturhs. Zdh RR@N Zrust Nuejviguh, is kn Mueh 2?, 6?96, wis $>>.> `cggcke. Hxphejcturhs irh prkmhbthj tkcebrhish fy tdh stiejirj riths kn cengitcke jhsbrcfhj hgshwdhrh ce tdcs rhpkrt.

Is kn Mugy 9, 6?9:, tdh RR@N wcgg ek gkelhr hxcst is i stith nuej. Rhbtckes 969-966kn _I 92-6:


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Rhbtcke 6= NS 9: NS 94 Zix Brhjct Hstcìths iej Issu`ptckes

Rkurbhs, @htdkjkgklchs, iej Issu`ptckesZdh Jhpirt`het kn Vhvheuh Rhrvcbhs (JVR) cs tdh prcìry skurbh nkr jiti ke tixhxphejcturhs. Dkwhvhr, ce tdh hvhet tdit JVR jkhs ekt divh cenkrìtcke ivicgifgh,

ktdhr skurbhs irh utcgczhj wdhe vcifgh. Rubd skurbhs cebgujh nhjhrig ilhebchs (subd istdh Bhesus Furhiu iej tdh Hehrly Cenkrìtcke Ij`cecstritcke), ktdhr Bkeehbtcbutstith ilhebchs kutscjh kn JVR, iej stith ilhebchs nrk` ktdhr X.R. stiths.

Ce krjhr tk prkvcjh hstcìths nkr tdh burrhet ncsbig yhir iej kut yhirs, tdh jiti bkgghbthjirh ieigyzhj iej lrkwe ke ie cejcvcjuig fiscs, dkgjcel bkestiet igg ktdhr tixprkvcsckes. Bhrtice tix hxphejcturhs divh ek lrkwtd ce tdh kut yhirs kr nkggkw idcstkrcbig trhejcel pitthre. Ce ktdhr bishs, i virchty kn skurbhs irh utcgczhj wdheippgcbifgh. Zdhsh cebgujh, fut ekt gc`cthj tk=

9. Lrkwtd riths, is bigbugithj fy Bkeshesus,6. Hbkek`cb cejcbitkr prkmhbtckes prkvcjhj fy @kkjys Ieigytcbs,2. B_C lrkwtd riths rhpkrthj fy tdh Furhiu kn Gifkr Rtitcstcbs iej:. Nhjhrig Kphe @iraht Bk``ctthh stith`hets.

_ghish ekth tdit pursuiet tk BLR 96-


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Ru``iry kn @imkr Cjhetcncifgh Rtith Zix Hxphejcturh Hstc`iths9(ce `cggckes)

Bithlkry NS 9: $ NS 98 $ NS 9> $ NS 9< $ NS 94 $

_hrskeig Cebk`h Zix :4>.4 8?2.< 862.> 863.: 8:9.>

Righs iej Xsh Zix 2,8.6 :,?22.8 :,939.3

_htrkghu` Bk`piechs Lrkss Hirecels Zix 2.9 2


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Rhbtcke 2= NS 9: Jhncbchebchs

Fishj ke burrhet jiti, stith ilhebchs wcgg rhqucrh $68.6 `cggcke ce jhncbchebyipprkprcitckes kr triesnhrs nrk` ktdhr irhis tk nuej prkmhbthj NS 9: bksts. Zdcsissu`hs tdit $3.9 `cggcke ce iggkt`het dkgjfibas ce tdh isskbcithj ilhebchs (is i rhsugt

kn fujlhthj gipshs) irh ekt rhghishj fy K_@. Zdh jhncbcheby i`kuets rhprhshet ?.>%kn ilhebchstktig NS 9: ivicgifgh nuejcel, issu`cel igg dkgjfibas irh ekt rhghishj.

Kvhr tdh pist the yhirs, Lhehrig Nuej ilhebchs divh rhqucrhj ke ivhrilh $9?>.9 `cggckece jhncbcheby nuejcel (rielcel nrk` $6> `cggcke tk $288 `cggcke). Zdcs rhprhshets ghsstdie 9% kn tdh Lhehrig Nuej fujlht.

Zdh nkggkwcel tifgh cebgujhs tdh ilhebys NS 9: ipprkprcitcke, tktig ghvhg kn ivicgifghnuejcel (ghss dkgjfibas iej pgus iey triesnhrs nkr bkgghbtcvh firlicecel bksts nrk` tdhVhshrvh nkr Rigiry Ijmust`hets ibbkuet), hstcìthj hxphejcturhs iej prkmhbthj

jhncbcheby i`kuet.

NS 9: Hstcìthj Ilheby Jhncbcheby Ehhjs

Nuej/IlhebyFujlhthj

Ipprkprcitcke $Ivicgifgh

Ipprkprcitcke9$Hstcìthj

Hxphejcturhs $

Jhncbchebywctdkut

rhghish kndkgjfibas

Jhncbchebywctd

rhghish kndkgjfibas

Lhehrig Nuej

Jhpirt`het kn Hjubitcke 6,39


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Rhbtcke := _rkmhbthj Figiebh kn tdh Fujlht Vhshrvh Nuej

Zdh burrhet figiebh ce tdh Fujlht Vhshrvh Nuej (FVN) cs $6.??> >>>.? ::>.8 9,996.8?< 9,996.8 6>3.6 9,249.

2014FF-20131115_Fiscal Accountability Report FY 14 - FY 18

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Transcript of 2014FF-20131115_Fiscal Accountability Report FY 14 - FY 18