Audit Reports


Report No.02 of 2023 - State Finance Audit Report for the year ended March 2022, Government of Karnataka

Date on which Report Tabled:
Tue 11 Jul, 2023
Date of sending the report to Government
Wed 14 Jun, 2023
Government Type
Sector Finance


State Finance Audit Report has been prepared for submission to the Governor of Karnataka under Article 151 of the Constitution of India for being placed in the Karnataka Legislature. Based on the audited accounts of the Government of Karnataka 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 four chapters.

Chapter 1 - 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 2 – 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 2016-17 to 2020-21, debt profile of the State and key Public Account transactions, based on the Finance Accounts of the State.

Chapter 3 – Budgetary Management: This Chapter is based on the Appropriation Accounts of the State and reviews the appropriations and allocative priorities of the State Government.  It reports on deviations from Constitutional provisions and highlight issues affecting transparency.

Chapter 4 – Quality of Accounts and Financial Reporting Practices: This Chapter provides an overview and status of compliance of the departments of the State Government with various financial rules, procedures and directions during the current year.

Chapter 5 – State Public Sector Enterprises: Discusses the financial performance of State Public Sector Enterprises and the impact of comments issued as a result of supplementary audit of the Financial Statements of these State Public Sector Enterprises.

The Report also includes appendices of additional data collected from several sources in support of these findings.  A glossary of selected terms is given at the end of the Report.

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