GK and monthly revision

CAG flags ‘variation’ of ₹12,669 crore in Kerala’s KIIFB, KSSPL off-Budget borrowings for 2024-25

The Comptroller and Auditor General (CAG) has raised concerns about a significant variation of ₹12,669 crore in the off-Budget borrowings of Kerala's Kerala Infrastructure Investment Fund Board (KIIFB) and Kerala State Sports Council (KSSPL) for the fiscal year 2024-25. This highlights issues of financial transparency and accountability in state fiscal management. The CAG has urged the Kerala government to include these borrowings in its Budget and report them to the Union government, emphasizing the need for better governance and oversight in public finance.