Odisha's own revenue buoyancy drops to 0.02 despite 11% GSDP growth
This audit examines the financial performance, budgetary management, and financial reporting practices of the Government of Odisha for the financial year 2024-25.
Government of Odisha
- The report covers the State's finances, including a Revenue Surplus of ₹ 22,651 crore and a Fiscal Deficit of ₹ 25,042 crore.
- Total liabilities stood at 15.48 per cent of GSDP, which is below the prescribed limit of 25 per cent.
- Revenue Receipts grew by 2.43 per cent to ₹ 1,83,963 crore, but revenue buoyancy declined to 0.21.
- The report identifies risks such as under-realisation of Revenue Receipts, low own-tax mobilisation, and poor collection of dividends.
- The audit reviews deviations from Constitutional provisions regarding budgetary management and compliance with financial rules.
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Audit report
2026
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Document details
| Official title | Report of the Comptroller and Auditor General of India on State Finances for the year 2024-25, Government of Odisha Report No. 3 of 2026 |
| Source body | Comptroller & Auditor General of India (CAG) — audit reports |
| Reference number | Report No. 3 of 2026 |
| Status | closed (audit_report) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |