Answer: Uttar Pradesh
Notes: In September 2025, the Comptroller and Auditor General (CAG) of India released the report “State Finances – 2022-23: A Decadal Analysis.” Revenue receipts of 28 States in Financial Year 2022-23 (FY23) were ₹35.13 lakh crore which was 22.96% of combined Gross State Domestic Product (GSDP) of ₹259 lakh crore. Revenue Surplus was seen in 16 States with Uttar Pradesh ₹37,000 crore at the top. Other surplus states include Gujarat (₹19,865 crore), Odisha (₹19,456 crore), Jharkhand (₹13,564 crore), Karnataka (₹13,496 crore), Chhattisgarh (₹8,592 crore), Telangana, Uttarakhand, Madhya Pradesh and Goa Revenue Deficit was recorded in 12 States with Andhra Pradesh highest deficit. Revenue Deficit Grants were ₹86,201 crore with West Bengal getting the largest share. Some states boosted own tax and non-tax revenue with Haryana (80%) highest, followed by Telangana (79%), Maharashtra (73%) and Gujarat (72%).
