Audit Reports
Tamil Nadu
Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
Overview
Based on the audited accounts of the Government of Tamil Nadu for the year ending March 2012, this report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed with reference to the Tamil Nadu Fiscal Responsibility Act, 2003 and its amendments in 2010 and 2011, Budget documents, Thirteenth Finance Commission Report and other financial data obtained from various Government departments and organisations. The report is structured in three Chapters.
Chapter I is based on the audit of Finance Accounts and makes an assessment of Tamil Nadu Government's fiscal position as on 31 March 2012. It provides an insight into trends in inevitable expenditure and borrowing pattern, besides giving a brief account of central funds transferred directly to State implementing agencies through the off-budget route. Chapter II is based on the audit of Appropriation Accounts and it gives the grant-by-grant description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Chapter III is an inventory of Tamil Nadu Government's compliance with various reporting requirements and financial rules. The report also has an appendage of additional data collated from several sources in support of the findings.
During the year 2011-12, the State has made some positive achievements such as moving from revenue deficit into revenue surplus, better mobilisation of resources, containing the percentage of outstanding fiscal liabilities to the Gross State Domestic Product (GSDP) and percentage of fiscal deficit to GSDP within the norms prescribed in the Tamil Nadu Fiscal Responsibility Act, 2003 and living within the budgeted estimates for some of the fiscal parameters. Summary of the Audit analysis of State finances are as under: - Revenue Receipts: During the year, revenue receipts of the State increased by RS 15,014 crore (21.39 per cent) over the previous year. The growth in revenue receipts was mainly due to improved tax and non-tax revenue mobilisation. Though the State's revenue receipts, as a percentage of GSDP marginally increased from 12.39 per cent in 2010-11 to 13.33 per cent in 2011-12, it remained more or less at the same level of about 13 per cent during 2007-12. The non-tax revenue of the State increased by RS 1,032 crore in 2011-12 (22.18 per cent) over the previous year. As a proportion to the States own resources, it was 10.04 per cent in 2007-08 and 8.72 per cent in 2011-12.
Download Audit Report
- Index of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Preface of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Executive Summary of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Chapter 1 of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Chapter 2 of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Chapter 3 of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu
- Appendices of Report of 2012 – Financial Audit on State Finance of Government of Tamilnadu