It is the 2nd edition which presents an overview of the finances of all 28 States in FY 2023-24. The first edition of the report, ‘State Finances 2022-23’ was released in September 2025.
Public Debt of States: ₹67.87 lakhcrore (~23% of GSDP) as of March 31, 2024.
Fiscal Deficit: 18 states exceeded the 3.0% of GSDP benchmark recommended by the 15th Finance Commission for FY 2023-24.