Dehradun: In a significant milestone for the state’s economy, Uttarakhand has recorded a revenue surplus of ₹5,310 crore for the financial year 2022–23, according to the latest report released by the Comptroller and Auditor General (CAG) of India. This achievement marks a historic turnaround in the state’s financial standing and positions Uttarakhand among the select states with a revenue surplus during this fiscal period.
Key Highlights from the CAG Report
- Revenue Surplus: ₹5,310 crore in FY 2022–23
- Improved Financial Health: Reflects disciplined fiscal policies and effective governance
- Economic Transition: Shift from previously struggling state status to financial strength
- Transparency & Accountability: Highlighted as key drivers of this fiscal improvement
From ‘BIMARU’ to a Model of Financial Strength
Once considered part of the “BIMARU” category – a term used to describe economically backward states – Uttarakhand’s emergence as a financially surplus state demonstrates a remarkable economic transformation. This change is attributed to the state’s efforts in implementing transparent policies, tightening financial discipline, and focusing on development-driven governance.
Chief Minister Pushkar Singh Dhami on the Achievement
Chief Minister Pushkar Singh Dhami hailed the report as a testament to good governance and sound fiscal management. In his statement, he said:
“This achievement is not just statistical; it reflects our firm steps towards economic self-reliance and a prosperous future. Inspired by Prime Minister Narendra Modi’s vision of a ‘Developed India,’ we are committed to making Uttarakhand a self-reliant and developed state through transparency, accountability, and financial discipline.”
Path Forward: Self-Reliant Uttarakhand
The government views this milestone as a stepping stone toward greater economic autonomy. With an ongoing focus on infrastructure, industrial development, employment generation, and social welfare, Uttarakhand aims to consolidate this financial momentum and emerge as a model state for fiscal management in India.
