17-June-2026
Economy News
 
States' expenditure rises 131% in 10 yrs on welfare, development: CAG Report
17-Jun-2026

States' aggregate expenditure rose sharply by 131 per cent between 2015-16 and 2024-25, keeping pace with economic growth, as they focused on welfare and development activities, said a CAG report on Tuesday. Revenue expenditure continued to dominate budgets, averaging over 83 per cent of total spending, while capital expenditure increased in absolute terms but remained a relatively smaller share. "Social and economic services together accounted for about two-thirds of total expenditure, reflecting states' focus on welfare and development," said the CAG's Publication on State Finances 2024-25.

News Source:- https://economictimes.indiatimes.com/news/economy/indicators/cag-report-reveals-131-surge-in-state-expenditure-over-10-years-focusing-on-welfare-and-development/articleshow/131772019.cms