Audit Reports
Kerala
Report of 2010 - Compliance and Financial Audit on State Finances of Government of Kerala
Overview
The State of Kerala, located at the southern end of the country, accounts for one per cent of the total area of the country and about three per cent of the population. The State ranks high in the human development index with a literacy rate of 90.92 per cent and life expectancy at birth of 74 years when compared to the General Category States' average. The infant mortality rate (13 per thousand) of the State is very low compared to the General Category States' average. The Gross State Domestic Product (GSDP) of Kerala State has been growing at a compound annual growth rate (12.76 per cent) as compared to other General Category States' growth rate (12.54 per cent). However, the State has slightly higher urban and rural inequality compared to the All India average.
This Report of the Finances of the Government of Kerala is being brought out with a view to assess objectively, the financial performance of the State during 2009-10 and to provide the State Government and the State Legislature with timely inputs based on audit analysis of financial data. In order to give a perspective to the analysis, an effort has been made to compare achievements with the targets envisaged by the State Government in the Fiscal Responsibility Act, 2003 and in the budget estimates of2009-10.
Based on the audited accounts of the Government of Kerala for the year ended March 2010, this Report provides an analytical review of the Annual Accounts of the State Government. The financial performance of the State has been assessed based on the Fiscal Responsibility Act 2003, the Medium Term Fiscal Plan, budget documents, Economic Review 2009, the Twelfth Finance Commission (TFC) Report and other financial data obtained from various Government departments and organizations. Tliis Report is structured in three Chapters.
Chapter 1 is based on the audit of Finance Accounts and makes an assessment of the Kerala Government's fiscal position as at 31 March 2010. It provides an insight into trends in committed expenditure and borrowing pattern, besides a brief account of Central funds transferred directly to the State implementing agencies through the off-budget route.
Chapter 2 is based on 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 has an appendage of additional data collated from several sources in support of the findings.