Patna, Feb 28 (Reporter) Bihar economy increased 3.5 times at current prices rising from Rs. 2.47 lakh crore in 2011-12 to Rs. 8.54 lakh crore in 2023-24. According to the Economic Survey for 2024-25 tabled by Deputy Chief Minister Samrat Chaudhary in the state assembly on Friday, fiscal indicators suggest that Bihar's state finances are sustainable, flexible, and not at risk, considering the current level of expenditure. Overall, the allocation of receipts and expenditures by the State government for 2023-24 demonstrates prudent fiscal management, highlighting support for the state's long-term economic growth, the report added. As per the latest available Gross State Domestic Product (GSDP) figures, calculated from the base year of 2011-12, the size of Bihar's economy at current prices has increased 3.5 times, rising from Rs. 2.47 lakh crore in 2011-12 to Rs. 8.54 lakh crore in 2023-24. According to the report, the Gross State Domestic Product (GSDP) of Bihar for the year 2023-24 is estimated to be Rs. 8,54,429 crore at current prices and Rs. 4,64,540 crore at constant (2011-12) prices. The contribution of the tertiary sector to the Gross State Value Added (GSVA) in Bihar at constant (2011-12) prices is estimated to be 58.6 percent, followed by 21.5 percent from the secondary sector and 19.9 percent from the primary sector. The GSDP in 2023-24 is estimated to have increased by 14.5 percent at current prices and 9.2 percent at constant (2011-12) prices, respectively, compared to the previous year. The per capita GSDP in Bihar at current is estimated to have increased by 12.8 percent In the fiscal year 2023-24, the total expenditure by the State government amounted to Rs. 2,52,082 crore which scheme expenditure accounted for Rs. 1,01,835 crore, while establishment and committed expenditures totaled Rs. 1,50,247 сrorе. The report said that Both the Revenue and the Capital Accounts of the State government expanded from 2019-20 to 2023-24, with a notably swift increase in capital expenditure. During this period, revenue expenditure grew by 1.5 times, while capital expenditure surged by 3.1 times. In the fiscal year 2023-24, tax revenue amounted to Rs. 1,61,965 crore, making it the most significant component of revenue receipts. The share of tax revenue in total receipt increased from 75.3 percent in 2019-20 to 83.8 percent in 2023-24...////...