Question
In the fiscal year 2023-24, what is the estimated
proportion of revenue receipts that the state will receive from the center, including both the state's share in central taxes and grants?Solution
Total revenue receipts for 2023-24 are estimated to be Rs 57,057 crore, an increase of 10% over the revised estimate of 2022-23. Of this, Rs 24,744 crore (43%) will be raised by the state through its own resources, and Rs 32,313 crore (57%) will come from the centre. Resources from the centre will be in the form of state’s share in central taxes (20% of revenue receipts) and grants (37% of revenue receipts).
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