As many as 16 states were in revenue surplus during 2022-23, with Uttar Pradesh topping the chart with Rs 37,263 crore, followed by Gujarat and Odisha, according a CAG report.
As per the fiscal responsibility and fiscal consolidation path prescribed by the XV Finance Commission, the states were required to have either zero-revenue deficit or become revenue surplus during 2022-23.
“As on 31st March 2023, 16 states, out of the total 28 states, were revenue surplus and 12 were in revenue deficit,” said the publication on State Finances 2022-23, the first-of-its-kind by the Comptroller and Auditor General of India.
Revenue receipts of these 16 states exceeded their revenue expenditure.
Uttar Pradesh was followed by Gujarat with a revenue surplus of Rs 19,865 crore, Odisha (Rs 19,456 crore), Jharkhand (Rs 13,564 crore), Karnataka (Rs 13,496 crore), Chhattisgarh (Rs 8,592 crore), Telangana (Rs 5,944 crore), Uttarakhand (Rs 5,310 crore), Madhya Pradesh (Rs 4,091 crore), and Goa (Rs 2,399​As many as 16 states were in revenue surplus during 2022-23, with Uttar Pradesh topping the chart with Rs 37,263 crore, followed by Gujarat and Odisha, according a CAG report.
As per the fiscal responsibility and fiscal consolidation path prescribed by the XV Finance Commission, the states were required to have either zero-revenue deficit or become revenue surplus during 2022-23.
“As on 31st March 2023, 16 states, out of the total 28 states, were revenue surplus and 12 were in revenue deficit,” said the publication on State Finances 2022-23, the first-of-its-kind by the Comptroller and Auditor General of India.
Revenue receipts of these 16 states exceeded their revenue expenditure.
Uttar Pradesh was followed by Gujarat with a revenue surplus of Rs 19,865 crore, Odisha (Rs 19,456 crore), Jharkhand (Rs 13,564 crore), Karnataka (Rs 13,496 crore), Chhattisgarh (Rs 8,592 crore), Telangana (Rs 5,944 crore), Uttarakhand (Rs 5,310 crore), Madhya Pradesh (Rs 4,091 crore), and Goa (Rs 2,399 ​Latest News [ SOBAN NEWS: International and National ]
