New Delhi, June 25 -- West Bengal's fiscal position remains under pressure despite receiving a higher share of grants and tax devolution from the Central Government, according to a report by State Bank of India (SBI).

The report noted that the state's fiscal health has not remained healthy due to rising debt accumulation over the years. It highlighted that grants from the Centre and tax devolution have consistently accounted for more than 50 per cent of West Bengal's overall tax revenue.

According to SBI, the persistent fiscal stress is linked to several factors. It stated, "This has happened owing to rising unconditional cash transfers, higher off-balance sheet borrowings and higher committed expenditure and higher leakages in terms of...