Aug 8 – Goa registered revenue surplus in three out of five years during 2018-23, with the maximum surplus of Rs 2,400 crore reported in 2022-23, stated the Comptroller and Auditor General of India report. The revenue surplus during 2022-23 was Rs 2,400 crore as compared to Rs 59 crore in 2021-22.
Other highlights of the State Finances Audit Report of CAG for the year ended March 31, 2023
▪️ During 2022-23, the per capita GSDP of the State stood at Rs 5,75,504
▪️ Population below poverty line 5.09 per cent
▪️ Total outstanding debt of the State Government at the end of March 2023 worked out to be Rs 31,104 crore
▪️ 9.73 per cent growth in GSDP
▪️ Fiscal deficit decreased from Rs 2,624 crore in 2021-22 to Rs 1,027 crore in 2022-23.
▪️ State Government’s expenditure was largely financed from its own resources, with 68 per cent of revenue coming from its own tax and non-tax revenue.
▪️ The total expenditure (revenue expenditure, capital expenditure and loans and advances) of the State of Goa increased from Rs 16,912 crore in 2021-22 to Rs 18,313 crore, registering an increase of 8.28 per cent over the previous year.
▪️ During 2018-23, outstanding debt of the State Government increased from 28.41 to 31.57 per cent of GSDP, breaching the target of 25 per cent of GSDP set by the GFRBM (First Amendment) Act, 2014.
▪️ Audit scrutiny revealed that 11,705 Utilisation Certificates in respect of Grants-in-aid aggregating Rs 2,546.40 crore given to 24 Departments of the State Government had not been submitted as on 31 March 2023.
