Overview

• Uttar Pradesh recorded the largest revenue surplus at ₹37,263 crore, followed by Gujarat at ₹19,865 crore and Odisha at ₹19,456 crore, with Jharkhand and Karnataka each above ₹13,000 crore.
• Twelve states posted revenue deficits totaling ₹2,22,648 crore, including Andhra Pradesh, Tamil Nadu, Rajasthan, West Bengal, Punjab, Haryana, Assam, Bihar, Himachal Pradesh, Kerala, Maharashtra and Meghalaya.
• Finance Commission grants to states totaled ₹1,72,849 crore in 2022-23, with ₹86,201 crore provided as revenue deficit grants covering about 39% of the aggregate shortfall.
• The CAG’s State Finances 2022-23 publication reviews 28 states and compiles comparable fiscal data from 2013-14 to 2022-23 in line with consolidation goals set by the XV Finance Commission.
• Political and regional reactions followed the release, with Naveen Patnaik praising Odisha’s third-place surplus and local coverage spotlighting Uttar Pradesh’s top ranking.