The main report comprises the following chapters: executive summary provides the overall view of the reform action plan.
- Chapter one outlines the background, scope and methodology for the study
chapter two outlines the overview of the state finances
chapter three describe the accomplishments made against the 2004 agreed PFMA action plan
chapter four provides an overview of the analysis, gaps and recommendations made in the study
chapter five describes the way forward for implementation of the action plan
annex one: PFM reform action plan - 2014 contains a thematic-wise plan outlining the actions to be taken, the responsible department for the actions, and the expected timeframe for completing the actions. The detailed analysis of the issues and the logic for the action plan are provided in the respective sections of the appendix
annex two: 2004 PFMA action plan, outlines the current status of action taken on 2004 PFMA action plan: this contains the action plan as proposed in the 2004 report, updated with the current status of actions in the identified areas. In case where the actions have been taken and completed by the Government of Karnataka, the impact has been documented. The appendix comprises the following sections: section one: theme one: strengthening PFM legal and institutional framework
section two: theme two: enhancing comprehensiveness and credibility of the budget
section three: theme three: strengthening accounting, reporting, controls, and transparency
section four: theme four: improving fiscal assets and liability management system
section five: theme five: strengthening audit and legislative oversight
section six: theme six: improving PFM in local self-governments
section seven: theme six: improving PFM in public sector undertakings (state owned)
each section describes the various areas of public financial management in the Government of Karnataka grouped into thematic reform areas. Each reform area has a discussion of the background, the reform actions proposed in the 2004 PFMA action plan, the progress of reforms over the last decade, the issues presently identified, and the rationale for the reform actions proposed
and section eight: 2014 action plan: this section describes the action plan with next steps to be followed under each activity of the action plan.