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Financial
Tripura

Report No.1 of 2024 - State Finances Audit Report of the CAG of India for the year ended 31st March 2023 for Govt. of Tripura

Date on which Report Tabled:
Wed 04 Sep, 2024
Date of sending the report to Government
Tue 16 Apr, 2024
Government Type
State
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Sector Finance

Overview

This Report of the Comptroller and Auditor General of India is on the State Finances for the year 2022-23. It provides an overview of the finances, budgetary management and quality of accounts, financial reporting practices and other matters relevant to State Finances.

Gross State Domestic Product (GSDP) (at current prices) of Tripura grew from ₹ 49,823 crore in 2018-19 to ₹ 72,636 crore (Advanced) in 2022-23. However, there was a decrease in the growth rate of GSDP from 16.91 per cent in 2021-22 to 16.12 per cent in 2022-23 in the State.

The revenue receipts grew by 3.95 per cent in 2022-23 and it was 25.21 per cent to GSDP during the year. The percentage of revenue receipts to GSDP during 2021-22 was 28.16 per cent while the growth rate of revenue receipts was 32.51 per cent during 2021-22.

The tax revenue increased by 11.85 per cent and the State’s own tax revenue increased by 14.65 per cent during 2022-23 over the previous year. The total expenditure (revenue, capital and loans and advances) of the State increased by 13.25 per cent from ₹ 17,548.27 crore in 2021-22 to ₹ 19,873.33 crore during the year. Of this, revenue expenditure grew by 10.01 per cent and capital expenditure increased by 47.92 per cent during the period.

The State was successful in containing the Fiscal Deficit below the target as per Tripura State Fiscal Responsibility and Budget Management (FRBM) Act, 2005 and the road map indicator as per cent of GSDP in four out of the last five years period 2018-23. During the current year i.e., 2022-23, there was Fiscal deficit of ₹ 1,512.73 crore of the State and stood at 2.08 per cent of GSDP (Advanced) at current price.

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