Report No. 1 of 2023 - State Finances Audit Report, Government of Kerala

Date on which Report Tabled:
Thu 15 Feb, 2024
Date of sending the report to Government:
Wed 24 May, 2023
Government Type:
Sector Finance


Based on the audited accounts of the Government of Kerala for the year ended 31 March 2022, this Report provides an analytical review of the finances of the State Government.  The Report is structured in five chapters.

Chapter I – Overview - This Chapter describes the basis and approach to the Report and the underlying data, provides an overview of structure of Government Accounts, budgetary processes, macro-fiscal analysis of key indices and State’s fiscal position including the deficits/surplus.

Chapter II – Finances of the State – This Chapter provides a broad perspective of the finances of the State, analyses the critical changes in major fiscal aggregates relative to the previous year, overall trends during the period from 2017-18 to 2021-22, debt profile of the State and key Public Account transactions, based on the Finance Accounts of the State.

Chapter III – Budgetary Management – This Chapter is based on the Appropriation Accounts of the State and reviews the appropriations and allocative priorities of the State Government and reports on deviations from Constitutional provisions relating to budgetary management.

Chapter IV – Quality of Accounts and Financial Reporting Practices - This chapter comments on the quality of accounts rendered by various authorities of the State Government and issues of non-compliance with prescribed financial rules and regulations by various departmental officials of the State Government.

Chapter V – Financial performance of State Public Sector Undertakings.

This chapter presents the summary of financial performance of PSUs as revealed from their latest finalised accounts, their contribution to the GSDP of the State and makes an analysis of the operating efficiency of the State PSUs.

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