revenue deficit: Finance Ministry releases revenue deficit grant of Rs 7,183.4 crore to 14 states

The Department of Expenditure, Finance Ministry on Wednesday released the 4th monthly installment of the Post Devolution Revenue Deficit (PDRD) grant of Rs 7,183.42 crore to 14 states.

The Fifteenth Finance Commission has recommended a total PDRD grant of Rs. 86,201 crore to 14 states for the ongoing fiscal. The recommended grant is released by the department in 12 equated monthly instalments.

The states who have been recommended PDRD grant during 2022-23 include Andhra Pradesh, Assam, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tripura, Uttarakhand and West Bengal.

So far in this financial year, the total revenue deficit grant released to states now stands at Rs 28,733.67 crore, the ministry said in a press release.