https://www.taxtmi.com/news?id=56364 States' committed expenditure on salaries, pensions and interest payments increased by about 2.49 times between FY2013-14 and FY2022-23, forming a substantial share of revenue expenditure. In FY2022-23 committed expenditure, subsidies and grants-in-aid together exceeded 83 percent of total revenue expenditure, with revenue expenditure near 84.73 percent of total expenditure and about 13.85 percent of combined GSDP. Salaries were the largest component; in nine states interest payments exceeded pension outflows, signalling higher debt-servicing burdens. Several states missed their revenue surplus/deficit targets, and some in deficit received Finance Commission grants. en-us Sun, 21 Sep 2025 14:31:03 +0530 Sun, 21 Sep 2025 14:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=56364 States' committed expenditure on salaries, pensions and interest payments increased by about 2.49 times between FY2013-14 and FY2022-23, forming a substantial share of revenue expenditure. In FY2022-23 committed expenditure, subsidies and grants-in-aid together exceeded 83 percent of total revenue expenditure, with revenue expenditure near 84.73 percent of total expenditure and about 13.85 percent of combined GSDP. Salaries were the largest component; in nine states interest payments exceeded pension outflows, signalling higher debt-servicing burdens. Several states missed their revenue surplus/deficit targets, and some in deficit received Finance Commission grants. News - Sun, 21 Sep 2025 14:31:03 +0530 https://www.taxtmi.com/news?id=56364