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Financial
Karnataka

Report No 1 of 2017 - State Finance, Government of Karnataka

Date on which Report Tabled:
Fri 24 Mar, 2017
Date of sending the report to Government
Government Type
State
Sector Finance

Overview

Based on the audited accounts of the Government of Karnataka for the year ended 31 March 2016, the 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, Budget documents, Fourteenth Finance Commission (XIV FC) and other financial data obtained from various Government departments and organizations.  The report is structured in three chapters.

Chapter I is based on the audit of Finance Accounts and makes an assessment of Government of Karnataka’s fiscal position as at 31 March 2016.  It provides an insight into trends in Committed Expenditure and borrowing pattern and certain accounting adjustments that have a bearing on the fiscal parameters.

Chapter II is based on the audit of Appropriation Accounts and gives description of appropriations and the manner in which the allocated resources were managed by the service delivery departments. Issues of budgeting affecting transparency of transactions are also brought out in this Chapter.

Chapter III is an inventory of Karnataka Government’s compliance with various reporting requirements and financial rules.

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