‘State Finances 2023-24’ Report

On 31st December 2025, the Comptroller and Auditor General (CAG) of India K. Sanjay Murthy released the second edition of the publication on State Finances 2023-24.

  • The report analyses the fiscal position of all 28 States for FY 2023-24 and provides a 10-year trend from 2014-15 to 2023-24.

Key Findings

Revenue Receipts Composition

  • In FY 2023–24, total revenue receipts of States amounted to Rs.93 lakh crore.
  • States’ Own Tax Revenue (SOTR) formed about 50% of the total, followed by the Union tax share at 30%, grants-in-aid at 12%, and States’ Non-Tax Revenue (SNTR) at 8%.
  • SOTR stood at 6.49 percent of GSDP ....
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