Report No.2 of 2020 State Finance Audit Report, Government of Kerala

Date on which Report Tabled:
Mon 18 Jan, 2021
Date of sending the report to Government:
Fri 06 Nov, 2020
Government Type:
Sector Finance


Chapter 1 is based on the audit of Finance Accounts and makes an assessment of the Kerala Government’s fiscal position as on 31 March 2019. It provides an insight into trends in committed expenditure, borrowing pattern and quality of expenditure, besides giving comparison on State’s expenditure with other General Category States.

Chapter 2 is based on the audit of Appropriation Accounts and gives a Grant-by-Grant description of appropriations and the manner in which the allocated resources were managed by the service delivery departments.

Chapter 3 is an inventory of the Kerala Government’s compliance with various reporting requirements and financial rules. The report also compiles the data received from various Government departments/organizations in support of the findings.

Revenue deficit increased from ₹13,796 crore in 2014-15 to ₹17,462 crore in 2018-19 and fiscal deficit increased from ₹18,462 crore in 2014-15 to ₹26,958 crore in 2018-19. The ratio of fiscal deficit to GSDP improved from 3.6per cent in 2014-15 to 3.4 per cent in 2018-19.  State did not achieve any of the targets fixed in its Medium Term Fiscal Plan or Kerala Fiscal Responsibility Act during 2018-19. As per the recommendation of the Fourteenth Finance Commission, Fiscal deficit to GSDP ratio was to be anchored at 3 per cent but it was 3.4 per cent during 2018-19.

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