{"id":353414,"date":"2026-01-07T17:13:19","date_gmt":"2026-01-07T11:43:19","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=353414"},"modified":"2026-01-07T17:13:19","modified_gmt":"2026-01-07T11:43:19","slug":"cag-releases-state-finances-2023-24-report","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/cag-releases-state-finances-2023-24-report\/","title":{"rendered":"CAG releases \u2018State Finances 2023-24\u2019 Report"},"content":{"rendered":"<p><strong>News: <\/strong>In January 2026, the Comptroller and Auditor General released the <strong>second edition <\/strong>of the State Finances 2023-24 report covering all States.<\/p>\n<h2>CAG releases \u2018State Finances 2023-24\u2019 Report<\/h2>\n<figure id=\"attachment_353415\" aria-describedby=\"caption-attachment-353415\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-353415\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/01\/Source-ANI.jpg?resize=300%2C202&#038;ssl=1\" alt=\"CAG releases \u2018State Finances 2023-24\u2019 Report\" width=\"300\" height=\"202\" srcset=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/01\/Source-ANI.jpg?resize=300%2C202&amp;ssl=1 300w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/01\/Source-ANI.jpg?resize=1024%2C688&amp;ssl=1 1024w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/01\/Source-ANI.jpg?resize=768%2C516&amp;ssl=1 768w, https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2026\/01\/Source-ANI.jpg?w=1162&amp;ssl=1 1162w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption id=\"caption-attachment-353415\" class=\"wp-caption-text\">Source &#8211; ANI<\/figcaption><\/figure>\n<ul>\n<li>The <strong>State Finances 2023-24 Report<\/strong> presents a <strong>consolidated and audited overview of the finances of all 28 States.<\/strong><\/li>\n<li><strong>Released by: <\/strong>The report was released by the <strong>Comptroller and Auditor General of India.<\/strong><\/li>\n<li><strong>Aim:<\/strong> The publication <strong>aims<\/strong> to provide <strong>comparable audited fiscal data of all States<\/strong> in one volume to <strong>support inter-State and inter-temporal analysis<\/strong> over a ten-year period.\n<ul>\n<li>It is <strong>intended to assist policymakers<\/strong>, public financial managers, researchers, academia, and other stakeholders through <strong>accessible and standardised fiscal information.<\/strong><\/li>\n<\/ul>\n<\/li>\n<li><strong>January, 2026 Edition<\/strong>: This is the <strong>second edition<\/strong> of the publication, following the <strong>first edition released in September 2025.<\/strong><\/li>\n<li><strong>Key Findings<\/strong>\n<ul>\n<li><strong>Revenue Receipts Composition:<\/strong> In FY 2023\u201324, total revenue receipts of States were \u20b993 lakh crore, with <strong>States<\/strong><strong>\u2019 <\/strong><strong>Own Tax Revenue (SOTR)<\/strong> at about 50 percent, Union tax share at 30 percent, grants-in-aid at 12 percent, and SNTR at 8 percent.<\/li>\n<li><strong>States<\/strong><strong>\u2019 <\/strong><strong>Own Tax Revenue (SOTR):<\/strong> SOTR was 6.49 percent of GSDP in FY 2023\u201324, with a buoyancy ratio of 0.92, and showed wide variation across States.<\/li>\n<li><strong>States<\/strong><strong>\u2019 <\/strong><strong>Non-Tax Revenue (SNTR):<\/strong> SNTR constituted 8.22 percent of total revenue receipts and 1.08 percent of combined GSDP in FY 2023\u201324, with improvement after the Covid period.<\/li>\n<li><strong>Share in Union Taxes:<\/strong> The share of Union Taxes and Duties increased to 29.77 percent of States\u2019 revenue receipts in FY 2023\u201324, reflecting higher tax devolution over the decade.<\/li>\n<li><strong>Expenditure Pattern:<\/strong> Total expenditure of States was \u20b981 lakh crore in FY 2023\u201324, equal to 16.15 percent of combined GSDP, with revenue expenditure forming 83.25 percent.<\/li>\n<li><strong>Capital Expenditure:<\/strong> Capital expenditure was \u20b984 lakh crore, accounting for 16.75 percent of total expenditure, and remained within 13\u201320 percent over the decade.<\/li>\n<li><strong>Committed Expenditure and Subsidies:<\/strong> Committed expenditure, subsidies, and Grants-in-Aid Salary together formed 59.90 percent of revenue expenditure in FY 2023\u201324.<\/li>\n<li><strong>Public Debt and Liabilities:<\/strong> As on 31 March 2024, combined public debt was 23.42 percent of GSDP and total liabilities were 28.28 percent of GSDP, with wide variation across States.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: In January 2026, the Comptroller and Auditor General released the second edition of the State Finances 2023-24 report covering all States. CAG releases \u2018State Finances 2023-24\u2019 Report The State Finances 2023-24 Report presents a consolidated and audited overview of the finances of all 28 States. Released by: The report was released by the Comptroller&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/cag-releases-state-finances-2023-24-report\/\">Continue reading <span class=\"screen-reader-text\">CAG releases \u2018State Finances 2023-24\u2019 Report<\/span><\/a><\/p>\n","protected":false},"author":10393,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,1305,12039],"tags":[11872],"class_list":["post-353414","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-index-reports-bodies","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/353414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10393"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=353414"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/353414\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=353414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=353414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=353414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}