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Searched Tag: revenue deficit

An old-aged lady carefully counts her pension money.

States’ salary, pension, interest bills rise 2.5-fold in 10 years

September 21, 2025, 03:30 PM - 3 min read

States’ spending on salaries, pensions, and interest increased nearly 2.5 times in 2022-23 compared with 2013-14, CAG report shows, with revenue largely committed to fixed obligations.

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A recent study conducted by India Ratings and Research has shed light on a promising trend in the fiscal landscape of Indian states.

Indian states set to witness remarkable improvement in deficit quality, India ratings study reveals

March 8, 2024, 02:48 PM - 2 min read

Sunil Kumar Sinha, principal economist at India Ratings, noted, "This also means borrowings are primarily used for capex and the focus on capex has remained intact," highlighting a strategic utilization of borrowed funds towards capital expenditure. The budgets analyzed represent states that collectively account for 96.1 percent of India's GDP, indicating a comprehensive assessment of the nation's fiscal health.

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