The full board meeting of Kerala State Electricity Board (KSEB) approved the board's revenue and expenditure records for 2012-13. According to the financial statement approved by the board, the fiscal deficit of KSEB in 2012-13 reached Rs 3,493 crore, an increase of Rs 1,375 crore compared to last fiscal. The financial gap between the income and expenditure of KSEB in 2011-12 was Rs 2,118. Though the revenue of the board recorded 28 per cenr increase compared to previous fiscal (2011-12), the money it had to spend on power purchase had overshot its total earnings for the year.
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