Patna, April 4: Bihar finance minister Sushil Kumar Modi today sought to rebut the comptroller and auditor general (CAG) report that has raised questions about the fiscal management of the NDA government.

Modi said the auditor-general (AG)’s observation that Bihar had withdrawn Rs 7,015 crore through Abstract Contingent (AC) bills in 2010-11 was incorrect.

“Over Rs 4,033 crore was grant-in-aid. No DC (Detailed Contingent) bills are required for them. Grant-in-aid is drawn through another form. They could have asked for the utilisation certificate instead,” he told reporters after a turbulent day in the Assembly — the final day of the long budget session.

Modi added that the AG, in its letter to the finance department, had acknowledged that this amount was grant-in-aid and the actual amount drawn through AC bills was Rs 2,982.65 crore. He said the government had submitted DC bills to the AG from the financial years 2002-03 to 2009-10 of over Rs 11,845 crore.

He pointed out that DC bills kept in 80 gunny bags were yet to be processed and, therefore, were shown to be “pending” in the CAG report.

Modi said the government had, from October 2011, been using a computerised treasury management system, which blocks withdrawal of AC bills if the DC bills of previous purchase had not been cleared.

Earlier in the Assembly, leader of Opposition Abdul Bari Siddiqui led RJD members in demanding a CBI probe. Modi said the RJD should wait for the apex court verdict in the case related to AC/DC bills.