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Arunachal Pradesh Tops Fiscal Health Index for North-East in 2023-24

A milestone for responsible governance or a mixed fiscal report card? Arunachal Pradesh celebrates regional success while confronting broader financial hurdles.

,   and  Administrator
1 min read
The image shows a poster with a map of Bengal, Assam and Manipur, with text written on it. The map...
The image shows a poster with a map of Bengal, Assam and Manipur, with text written on it. The map is detailed, showing the various cities, towns, rivers, and other geographical features of the region. The text on the poster provides additional information about the region, such as its population, culture, and history.

Arunachal Pradesh Tops Fiscal Health Index for North-East in 2023-24

Arunachal Pradesh has secured the top spot in the Fiscal Health Index for North-Eastern and Himalayan states in 2023-24. The ranking, released by NITI Aayog, highlights the state's efforts in improving financial management. Chief Minister Pema Khandu praised residents for this milestone, calling it a collective success.

The Fiscal Health Index evaluates states on five key areas: revenue mobilisation, quality of expenditure, fiscal prudence, debt index, and debt sustainability. Arunachal Pradesh outperformed regional peers, with Uttarakhand and Tripura following in second and third place.

Despite leading in its category, the state ranked last (15th) among India's 15 major states in the RBI's broader State Finances Report for the same period. Its overall score of 42.2 fell well below the national average of 53.5. Weak spots included debt sustainability (scoring just 20.2), revenue quality (23.4), and limited growth in capital spending. Chief Minister Khandu emphasised that the achievement reflects Arunachal Pradesh's dedication to responsible fiscal policies. He also reaffirmed the government's focus on long-term development and maintaining financial discipline.

The top regional ranking signals progress in revenue generation and public fund utilisation. However, challenges remain in broader fiscal performance, particularly in debt management and capital investment. The state aims to build on this momentum while addressing areas needing improvement.

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