Audit Reports

Andhra Pradesh

Overview

The Government of Andhra Pradesh enacted the 'Fiscal Responsibility and Budget Management (FRBM) Act in October 2005 as recommended by the Twelfth Finance Commission (TFC), setting out a reform agenda through a fiscal correction path in the medium term with the long-term goal of securing growth stability for the State economy. The State Government's commitment to carry forward these reforms is largely reflected in certain policy initiatives announced in the subsequent budgets. While the benefits of FRBM legislation have been realized to a large extent in terms of reduction in major deficit indicators etc., the State Governments switchover to VAT, introduction of New Pension Scheme, ceiling on Government guarantees and a host of other institutional and sectoral reform measures should facilitate building up the fiscal space needed for improving the quality of public expenditure and promote fiscal stability.

The Comptroller and Auditor General of India has been commenting on the State finances as part of the Audit Report on the Government of Andhra Pradesh (Civil) every year. Since the Audit comments on State finances remained camouflaged in the large body of audit findings on compliance and performance audits, a stand alone report on State Government finances was considered appropriate. Accordingly, from the report year 2009 onwards, a separate volume titled Report on State Finances is being presented.

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• Preface
• Executive Summary
• Chapter 1 - Financial of the State Government
• Chapter 2 - Financial Management and Budgetary Control
• Chapter 3 - Financial Reporting
• Appendices