Dimapur, March 20 -- Nagaland's Gross State Domestic Product (GSDP) at current prices grew from Rs 26,527.42 crore in 2018-19 to Rs 35,933.96 crore in 2022-23, the state accountant general's office said in a release on Thursday, quoting the CAG of India report on the state finances of Nagaland for the year 2022-23.

As per the report, the budget outlay of the state grew at a compound annual growth rate (CAGR) of 6.26% from Rs 20,469.97 crore in 2018-19 to Rs 26,092.48 crore in 2022-23.

It said during 2022-23, the GSDP of Nagaland increased by 12.60% from Rs 31,912.54 crore in 2021-22 to Rs 35,933.96 crore in 2022-23. The state had a revenue surplus of Rs 688.90 crore which was 1.92% of GSDP.

The fiscal deficit was Rs 1,562.63 crore duri...