 State Budget Analysis of 2023-24: State of Indian State FinancesMPRA Paper from University Library of Munich, Germany Abstract: After two years of fiscal stress during 2019-20 and 2020-21, state finances in India improved in 2021-22 with the recovery of the Indian economy after the COVID-19 pandemic. However, based on analysis of the Revised Estimate and Provisional Estimate (based on the Monthly Key Indicator Database of the Comptroller and Auditor General of India) of 2022-23, we find that states again faced fiscal shock in 2022-23. Given the experience of revenue mobilisation and expenditure management in 2022-23, states adopt a cautious approach in setting the Budget Estimates for 2023-24. This paper presents a consolidated assessment of the Indian state finances of 18 major and 9 minor Indian states with a focus on the state budget of 2023-24. To understand the process of recovery from the fiscal stress of 2019-21, we compare the performance of major and minor states between the pre- and post-pandemic periods. In addition to consolidated assessment of state finances, state-specific assessments of deficits (revenue as well as fiscal) are also presented in the paper. Keywords: State Finances; Budget Analysis; Fiscal management; revenue mobilization; public finance management; fiscal deficit; revenue deficit; India. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117925 Access Statistics for this paper More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC. |
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