Audit Reports

Overview

Overview

The State Finances Audit Report of the Government of Kerala intends to assess the financial performance of the State, during the financial year 2024-25 and to provide the State Legislature with inputs, based on audit analysis of financial data. The Report contains three Chapters.

Chapter I – Overview of Finances of the State - This chapter provides a snapshot of Kerala’s finances for 2024-25, covering demographics, economic indicators, and the State’s fiscal Structure. It analyses trends in revenue and expenditure, debt levels, and fiscal deficits, highlighting persistent imbalances and reliance on borrowings. The chapter flags issues like high committed expenditure, low returns on investments etc.

 

Chapter II – Budgetary Management – This chapter reviews Kerala’s budgetary process, revealing significant gaps between budget estimates and actual expenditure, with issues like excess spending, persistent savings, and last-minute fund surrenders. It highlights weaknesses in financial planning, control, and compliance, stressing the need for realistic budgeting and timely fund utilisation. A review of two selected Grants namely Grant No. XXII-Urban Development and Grant No XXV-Welfare of Scheduled Castes, Scheduled Tribes, Other Backward Classes and Minorities were conducted to review the Budgetary procedures followed methodology employed for control over expenditure over a three-year period from 2022-23 to 2024-25.

Chapter III –Financial Reporting Practices – This chapter provides broad based perspective of quality of the State Government Accounts rendered by various authorities of the State Government and status of compliance with prescribed financial rules, procedures and directives. It also includes compliance with financial rules, procedures and directives as well as the completeness, timeliness and quality of reporting on the status of such compliance enhances relevance and reliability of the information presented in the financial reports.

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• Report No. 1 of 2026-Report of the Comptroller and Auditor General of India on State Finances for the year 2024-25
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• Table of Contents
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• Preface
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• Basis Approach State Finances Audit Report
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• Executive Summary
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• Chapter I - Overview of Finances of the State
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• Chapter II - Budgetary Management
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• Chapter III - Financial Reporting Practices
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• Appendices
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