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UP Tops Revenue Surplus List At Rs 37,000 Cr: CAG
Uttar Pradesh recorded the highest revenue surplus among Indian states in the fiscal year 2022-23, amounting to Rs 37,263 crore, nearly double that of Gujarat, the second-largest surplus state, which reported Rs 19,865 crore, according to the latest report by the Comptroller and Auditor General (CAG). This marks a fiscal turnaround for Uttar Pradesh, which was previously classified among the Bimaru states. The CAG’s first decadal study on state finances shows that 16 states posted a revenue surplus in FY23, while 12 states continued to run a revenue deficit. Other top-performing states in surplus include Odisha (Rs 19,456 crore), Jharkhand (Rs 13,564 crore) and Karnataka (Rs 13,496 crore).States In Revenue DeficitThe report highlights 12 states with revenue shortfalls. Andhra Pradesh led the list with -Rs 43,488 crore, followed by Tamil Nadu (-Rs 36,215 crore), Rajasthan (-Rs 31,491 crore), West Bengal (-Rs 27,295 crore) and Punjab (-Rs 26,045 crore). Other deficit states include Haryana (-Rs 17,212 crore), Assam (-Rs 12,072 crore), Bihar (-Rs 11,288 crore), Kerala (-Rs 9,226 crore), Himachal Pradesh (-Rs 6,336 crore), Maharashtra (-Rs 1,936 crore) and Meghalaya (-Rs 44 crore).Several states relied heavily on Revenue Deficit Grants from the Centre to bridge the gap between revenues and expenditures. West Bengal received the largest share at 16 per cent, followed by Kerala (15 per cent), Andhra Pradesh (12 per cent), Himachal Pradesh (11 per cent) and Punjab (10 per cent).Some states have improved their reliance on own-tax and non-tax revenues. Haryana led with over 80 per cent of revenue coming from state sources, followed by Telangana (79 per cent), Maharashtra (73 per cent), Gujarat (72 per cent), Karnataka (69 per cent), Tamil Nadu (69 per cent) and Goa (68 per cent). Six states — Haryana, Maharashtra, Telangana, Karnataka, Gujarat and Tamil Nadu — achieved more than 60 per cent of total revenue from their own sources. In contrast, northeastern states, along with Bihar and Himachal Pradesh, generated less than 40 per cent of revenue from their own sources.Union taxes and grants-in-aid, including finance commission allocations, constituted around 27 per cent and 17 per cent of states’ total revenue receipts, respectively. In FY23, states received Rs 1,72,849 crore in finance commission grants, of which Rs 86,201 crore were Revenue Deficit Grants.State revenues primarily derive from the State Goods and Services Tax (SGST), value-added tax (VAT), and excis...
Revenue Growth: Definition, Calculation, Importance & More
What is Revenue Growth? Copied Copy To Clipboard Revenue growth refers to the percentage increase or decrease in a company’s revenue over a given period, usually compared year-over-year or quarter-over-quarter. It is a critical indicator of a company’s financial health and market performance. As one of the core metrics used by analysts and investors, it helps assess whether a company is expanding its sales and increasing profitability over time. How to Calculate Revenue Growth? Copied Copy To Clipboard Calculating revenue growth involves comparing the revenue from two distinct periods to understand the percentage increase or decrease. The revenue growth rate can be calculated using the following formula: Revenue Growth Rate = (Current Period Revenue – Previous Period Revenue) / Previous Period Revenue ×100 Revenue growth rate measures the yearly increase in revenue by comparing a previous period’s revenue to the current period’s revenue. To ensure accuracy, the time periods used for comparison should be of the same duration – such as comparing this year to last year or this month to the previous month. This calculation can be applied to annual, quarterly, or monthly data, effectively capturing both gains and declines in revenue growth. Example Calculation of Revenue Growth Copied Copy To Clipboard If a company earned $1 million last year and $1.2 million this year, the revenue growth rate would be calculated as follows: (1.2M−1M) / 1M × 100 = 20% This result indicates that the company’s revenue grew by 20% over the period. The formula also applies to monthly revenue rates and can be used for any time period, provided the periods are of equal length. Why is Revenue Growth Important? Copied Copy To Clipboard Revenue growth serves as an essential metric for evaluating a company’s financial success and long-term viability. It directly influences profitability and indicates whether a company’s strategy, marketing, and operational approaches are working. This measure indicates how well a company’s products or services are selling, and it can be a sign of strong market positioning and effective management. Consistent revenue growth often signals a company’s ability to maintain or grow its market share and adapt to market demands. For investors, it’s a critical factor in making buy or sell decisions, as steady revenue growth is generally seen as a positive indicator of financial health. Companies with strong revenue growth can also better weather e...
Fiscal Surplus Persists as Revenue Growth Outpaces Spending in Early ...
Government finances remained in surplus through mid-April, supported by strong tax collections, though underlying spending patterns suggest continued pressure from recurrent expenditure and subsidies. According to the Ministry of Finance's Weekly Fiscal Developments report published on 22 April 2026, cumulative revenue and grants reached MVR 13.56 billion by 16 April, exceeding total ...
Austerity Measures: Understanding Types and Real-World Examples
When debt threatens a government's financial stability, austerity measures can help restore confidence and balance by managing expenditures and revenues effectively.
