ISSUE 4-January 2016

Demystifying Audit Report on Karnataka Finances

By – Ms. Amya Rai

Chapter I of the Audit Report of 2014 of the State of Karnataka is based on the audit of Finance Accounts and makes an assessment of Government of Karnataka's financial position as at March 2013. It provides an insight into trends in committed expenditure and borrowing pattern and certain accounting adjustments that have a bearing on the fiscal parameters. Similar to that of Union Finances, owing to technicalities of Government accounting understanding of the analysis of State Finances is a challenge to the various stakeholders.

This slide show broadcast using info graphics presents the primary focus of the analysis and recommendations contained in Chapter I of the Audit Report of 2014 of the State of Karnataka to enable easy understanding.

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