 "states, india, state fiscal")
States are expected to improve their fiscal health with revenue deficits falling and capital expenditure increasing in 2023-24, shows the RBI’s latest State Finances Report.
The proportion of states’ revenue in gross state domestic product (GSDP) is projected to reach 8.2 per cent in FY24, the highest since 2018-19 (chart 1).
Their capacity to generate tax revenue is expected to increase to nearly half of their revenue receipts in FY24, mainly due to better state goods and services tax (GST) collections. Central transfers, which have declined consistently in the last six years, are likely to
Their capacity to generate tax revenue is expected to increase to nearly half of their revenue receipts in FY24, mainly due to better state goods and services tax (GST) collections. Central transfers, which have declined consistently in the last six years, are likely to
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