കെ പി ആർ സി

The Public Expenditure Review Committees are formed under section 6 of the Kerala Fiscal Responsibility Act of 2003(Act 29 of 2003). The Kerala Fiscal Responsibility Act, 2003 envisages the submission of a Review report in December every year on the financial performance of the State during the previous year. The report should contain revenue receipts, resources from the Central Government, revenue expenditure, devolution to local self Governments, administrative expenditure, deficits (revenue, fiscal, primary), capital receipts and expenditure and various categories of debt and dimensions. Government of Kerala appoint committees called 'Public Expenditure Review Committee' for the purpose of preparation of Review reports.