UP tops the list of 16 revenue-surplus states in FY23: CAG report

Finance Commission grant to bridge deficits of states in FY23 was Rs 86,201 crore, 39% of aggregate revenue deficit

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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.