Audits Comptroller & Auditor General
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.
11 per centCAG highlights that the State's own revenue buoyancy declined to 0.02 despite GSDP growth exceeding 11 per cent.
Who it concerns: Government of Odisha
What the auditor found
- 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.
Also in the document
- CAG notes that while the State recorded a Revenue Surplus, there is a risk of fiscal stress due to under-realisation of revenue and low own-tax mobilisation.
- CAG highlights that the State's own revenue buoyancy declined to 0.02 despite GSDP growth exceeding 11 per cent.
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The original document
Comptroller & Auditor General of India (CAG) — audit reports
Audit report · Ref. Report No. 3 of 2026 · 2026
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