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Uttar Pradesh, Gujarat, Jharkhand, Manipur, and 9 different States recorded surplus revenues successful 2024-25, portion the remaining 15 States had a deficit.
Eighteen States targeted gross surplus, 3 States targeted gross deficit, and 7 targeted zero gross shortage successful FY 2024-25, according to a study connected 'State Finances 2024-25' released by Comptroller and Auditor General of India K Sanjay Murthy connected Tuesday (June 16, 2026).
"In FY 2024-25, 15 States were revenue-deficient portion the remainder 13 States were gross surplus," the study said.
Of the 18 States that targeted gross surplus, 9 achieved the target, portion Assam, Bihar, Chhattisgarh, Haryana, Himachal Pradesh, Karnataka, Maharashtra, Mizoram, and Telangana ended up being gross shortage successful 2024-25.
Seven states -Goa, Jharkhand, Punjab, Rajasthan, Tamil Nadu, Tripura, and Uttar Pradesh- targeted a zero-revenue deficit.
Among them, 4 States -Goa, Jharkhand, Tripura, and Uttar Pradesh - achieved a gross surplus, whereas Punjab, Rajasthan and Tamil Nadu ended the twelvemonth with a gross deficit.
Of the 15 States that were revenue-deficient successful 2024-25, Himachal Pradesh, Mizoram, Punjab and West Bengal received Finance Commission gross shortage grants.
The study further said that if the indicative fiscal shortage people of 3 per cent of the GSDP, fixed by the Fifteenth Finance Commission for 2024-25, for States' fiscal consolidation way is considered, past 18 states were supra the target.
The aggregate gross shortage of 15 revenue-deficit states, without netting gross surplus of 13 States, stood astatine ₹3,46,385 crore, which was 1.5% of their combined GSDP. The nett gross deficit, aft adjusting the gross surplus successful 13 States, stood astatine ₹2,19,041 crore, 0.68% of the combined GSDP of each 28 States.
"I anticipation that the work connected State Finances 2024-25 volition service arsenic a utile evidence-based assets for governments, researchers, policymakers and citizens, enabling a deeper knowing of authorities finances and supporting informed fiscal decision-making," CAG Murthy said.
The work highlights the increasing value of States' ain taxation revenues, which accounted for 50% of the combined full gross receipts of ₹40.52 lakh crore crossed the 28 States successful 2024-25.
State GST constituted much than 43% of the combined States' ain taxation revenues.
The States which witnessed a important summation successful fiscal shortage successful 2024-25 arsenic compared to 2023-24 were Andhra Pradesh, Assam, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Meghalaya, Mizoram, Nagaland, Odisha, Tripura and Uttarakhand.
