Audit Reports
Tamil Nadu
Report of 2014 – Report on State Finances Government of Tamilnadu
Overview
Based on the audited accounts of the Government of Tamil Nadu for the year ending March 2013, 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 Government of Tamil Nadu's fiscal position as on 31 March 2013. 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 Government of Tamil Nadu's compliance with various reporting requirements and financial rules.
Fiscal position: The State continued to maintain revenue surplus during 2012-13 and kept fiscal deficit relative to GSDP below the limit laid down under the Tamil Nadu Fiscal Responsibility Act. The State's revenue surplus during 2012-13 was RS 1,761 crore. The fiscal deficit came down from RS 17,275 crore in 2011-12 to RS 16,519 crore in 2012-13 and the ratio of fiscal deficit to GSDP was 2.2 in 2012-13 which was within the target of three per cent. One of the factors contributing to the decrease in fiscal deficit was the decrease in capital expenditure during the year. Revenue Receipts: During the current year, the State's revenue receipts (RS 98,828 crore) increased by 15.99 per cent over the previous year. The compound annual growth rate of revenue receipts stood at 15.35 per cent in the current decade, which was less than that of the other General Category States (17.48 per cent). The growth rate of revenue receipts decreased from 21.39 per cent in 2011-12 to 15.99 per cent in 2012-13 which was below the average annual growth rate of 16.09 per cent during 2008-12. The decrease in growth rate was mainly due to decrease in grants from the Government of India. The own tax revenue of the State increased by RS 11,737 crore over the previous year and the growth rate, which was at 30.74 per cent in 2010-11 stood at 19.72 per cent in 2012-13.
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- Index of Report of 2014 – Report on State Finances Government of Tamilnadu
- Preface of Report of 2014 – Report on State Finances Government of Tamilnadu
- Executive Summary of Report of 2014 – Report on State Finances Government of Tamilnadu
- Chapter 1 of Report of 2014 – Report on State Finances Government of Tamilnadu
- Chapter 2 of Report of 2014 – Report on State Finances Government of Tamilnadu
- Chapter 3 of Report of 2014 –Report on State Finances Government of Tamilnadu
- Appendices of Report of 2014 –Report on State Finances Government of Tamilnadu
- Glossary of Terms and Abbreviations of Report of 2014 –Report on State Finances Government of Tamilnadu