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AP ranks 17th in fiscal health index for 2022–23: NITI Aayog

Vijayawada:Andhra Pradesh ranked 17th in the Fiscal Health Index for the financial year 2022–23, as per the report released by NITI Aayog. The report highlighted a decline in capital expenditure in Andhra Pradesh since 2018–19, with an 84.3 per cent decrease in social services and a 60.1 per cent decrease in economic activities. Regarding revenue mobilisation, the state's own tax revenue witnessed a compound annual growth rate of -6 per cent from 2018–19 to 2022–23. The ratio of the state's own tax revenue to total tax revenue saw moderate growth, increasing from 64 per cent in 2018–19 to 67 per cent in 2022–23.

Deccan Chronicle

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