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CAG State Finances Report 2024-25
June 20 , 2026
16 hrs 0 min
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- The Comptroller and Auditor General of India released the State Finances 2024-25 Report.
- This report provides a fiscal overview of all 28 States from 2015-16 to 2024-25.
- The combined outstanding public debt of States stood at ₹75.52 lakh crore, equal to 23.27% of Gross State Domestic Product (GSDP), while total liabilities reached 27.89% of GSDP.
- About 99% of capital receipts came from public debt, showing that States depend heavily on borrowings to finance expenditure.
- Against the Fifteenth Finance Commission benchmark of 3% of GSDP, 18 States recorded fiscal deficits above the prescribed limit in 2024-25.
- Revenue expenditure formed 83.41% of total expenditure, while capital expenditure accounted for only 16.59%, indicating relatively low asset-creating expenditure.
- The share of States in the devolution of Union taxes and duties increased from 27.73% in 2015-16 to 31.76% in 2024-25, while subsidies remained around 8-10% of total revenue expenditure, mainly for the energy and agriculture sectors.
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