Abstract:
A reliable and time series financial reporting is an essential prerequisite for accountability, fiscal
management, research, proper monitoring, public scrutiny and policy formulation. In India budget
documents at the Union and state levels supply regular and consistent fiscal data flow that has stood the
test of times. The purpose of this paper is to empirically verify the cross–section data of budget,
revised budget and accounts of local government budget on the basis of illustrative case studies of
selected urban and rural local governments in Kerala. The study shows that the budgeting and accounting
system in Kerala is in deep disarray and calls for remedial action. Some suggestions for improving the
situation are also given.
