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Which state recorded the highest fiscal deficit in FY25, according to data from a Comptroller and Auditor General (CAG) report?
Meghalaya
Punjab
Haryana
Maharashtra
Meghalaya
Meghalaya recorded the highest fiscal deficit of 8.69% in FY25.
The recent CAG report indicated that fiscal deficits in many Indian states have surpassed the ceiling of 3% of GSDP, reflecting economic stress reminiscent of the COVID-19 period. This trend has raised concerns regarding the fiscal health of states, with 18 out of 28 states exceeding this threshold. Meghalaya's significant fiscal deficit highlights ongoing fiscal challenges.
Meghalaya has a fiscal deficit of 8.69% in FY25.
Nagaland follows with a fiscal deficit of 6.14%.
Sikkim's fiscal deficit stands at 5.59%.
14 states experienced over a 25% increase in fiscal deficit compared to FY24.
A is correct тАФ Meghalaya recorded the highest fiscal deficit of 8.69% in FY25.
Remember that the fiscal situation reflects broader economic conditions, similar to how states handled finances during the pandemic.