Devolution and transfer of resources from the Centre to the States, RBI State Finances 2023-24 and 2024-25

Description

The Reserve Bank of India compiles the budgets of the State Governments and the UTs of Delhi, Puducherry and Jammu and Kashmir into its annual study State Finances: A Study of Budgets. Resources that flow from the Centre to each State and UT, in rupees crore: tax devolution, grants and other transfers, shown gross and net. Net is the gross figure minus repayments of loans to the Centre and interest payments on loans from the Centre, so it shows what a State really keeps from the Union. The table is the devolution and transfer statement of RBI's State Finances study and shows how much of each State's budget depends on the Union, for example how Kerala's transfers compare with larger States. Three editions are included (2023-24, 2024-25 and 2025-26). Each edition gives the accounts of the year before last, the revised estimate of last year and the budget estimate of the budget year, so a year can appear in several editions with different estimate types and slightly different values. The table has 372 rows, one per State or UT, reference period, estimate type and measure, with the State name as printed beside its LGD code.