Pinaki Chakraborty
Kausik K Bhadra
परिचय
आंकड़ों को दर्शाने वाली यह टिप्पणी 18 राज्यों के वर्ष 2024-25 के राज्य बजट पर आधारित है। वर्ष 2022-23, 2023-24 (RE) और 2024-25 (BE) के लिए प्राप्तियों एवं व्यय के मदों से संबंधित मुख्य बातें यहाँ प्रस्तुत की गई हैं। इसके मुख्य अंश नीचे दिए गए हैं:
- Fiscal and Revenue Deficits: As per 2022-23 accounts, the fiscal deficit of all 18 states was 2.7% of their combined GSDP. For the year 2023-24 (RE), it was 3.41% of their combined GSDP and is estimated to be 3.11% for the fiscal year 2024-25 (BE). Between 2023-24 (RE) and 2024-25 (BE), the reduction in fiscal deficit is expected to see a corresponding reduction in revenue deficit across States. However, during the same period, the revenue deficit is expected to increase for some of the major States. These States are Haryana, Karnataka, Kerala and West Bengal. The revenue deficit of Punjab is expected to decline from 3.23% of State GSDP to 2.89% during this period.
- Capital Outlay: The capital outlay is expected to increase from 2.13 to 2.65 % of GSDP between 2022-23 and 2024-25 (BE).
- Underutilisation of Borrowing Limit by States: In 2022-23, States underutilised their borrowing limits as recommended by the Fifteenth Finance Commission. State-specific underutilisation of borrowing limit for the year 2022-23 is presented in Figure 1.
- Outstanding Debt: State-wise outstanding debt to GSDP ratio and corresponding interest payment show that debt and interest burden vary widely across States. State-specific details are given in Figure 2.
- Tax Efforts and State Goods and Service Tax: It is evident from Table 19 that the share of State Goods and Service Tax (SGST) revenue in total own tax revenue is expected to increase from 39.71% in 2022-23 to 43.05% in 2024-25 (BE).
- Own Tax Revenue: Own tax revenue effort is expected to increase from 6.84 to 7.12% of GSDP during this period.
- Tax Devolution: Tax devolution to states is expected to increase marginally between 2022-23 and 2024-25 (BE).
- Central Grants: Central grants to States are expected to decline from 1.92 to 1.78 per cent between 2022-23 and 2024-25(BE).
State-wise data on key fiscal variables are presented below in Tables 1 to 18. Table 19 gives the combined data of 18 States to provide an aggregate view of the finances of these 18 States.
Figure 1: Fiscal Deficit Relative to GSDP in Major States: 2022-23 Actuals
Source: State Budgets 2024-25.
Figure 2: Outstanding Debt and Interest Payments relative to GSDP in Major States: 2022-23 Actuals
1: Andhra Pradesh
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
78089.0 |
95756.8 |
109538.0 |
|
SGST |
27981.2 |
33500.0 |
38000.0 |
|
Own Non-Tax Revenue |
5416.9 |
10500.0 |
14400.0 |
|
Tax Devolution |
38113.5 |
44642.2 |
49286.6 |
|
Grants-in-Aid |
36148.6 |
45803.8 |
32127.6 |
|
Total Revenue Receipts |
157768.0 |
196702.8 |
205352.2 |
|
Interest Payments |
25492.3 |
28673.7 |
28017.2 |
|
Revenue Expenditure |
201255.5 |
228237.8 |
230110.4 |
|
Capital Outlay |
7244.1 |
27308.1 |
30530.2 |
|
Revenue Deficit |
43487.5 |
31534.9 |
24758.2 |
|
Fiscal Deficit |
52508.3 |
60153.6 |
55817.5 |
|
Primary Deficit |
27016.1 |
31479.9 |
27800.3 |
|
Outstanding Liabilities |
428715.7 |
479214.0 |
535031.5 |
|
GSDP |
1317728 |
1439081 |
1590242 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
5.93 |
6.65 |
6.89 |
|
Of which, SGST (% of Own Tax Revenue) |
35.83 |
34.98 |
34.69 |
|
Own Non-Tax Revenue |
0.41 |
0.73 |
0.91 |
|
Tax Devolution |
2.89 |
3.10 |
3.10 |
|
Grants-in-Aid |
2.74 |
3.18 |
2.02 |
|
Total Revenue Receipts |
11.97 |
13.67 |
12.91 |
|
Interest Payments |
1.93 |
1.99 |
1.76 |
|
Revenue Expenditure |
15.27 |
15.86 |
14.47 |
|
Capital Outlay |
0.55 |
1.90 |
1.92 |
|
Revenue Deficit |
3.30 |
2.19 |
1.56 |
|
Fiscal Deficit |
3.98 |
4.18 |
3.51 |
|
Primary Deficit |
2.05 |
2.19 |
1.75 |
|
Outstanding Liabilities |
32.53 |
33.30 |
33.64 |
Source: Andhra Pradesh Budget Documents 2024-25.
2: Bihar
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
44018.0 |
50400.0 |
54300.0 |
|
SGST |
23243.0 |
31111.0 |
31565.0 |
|
Own Non-Tax Revenue |
4135.0 |
6582.0 |
7326.0 |
|
Tax Devolution |
95510.0 |
102737.0 |
113012.0 |
|
Grants-in-Aid |
29026.0 |
54775.0 |
52161.0 |
|
Total Revenue Receipts |
172689.0 |
214494.0 |
226799.0 |
|
Interest Payments |
15184.0 |
18354.0 |
20526.0 |
|
Revenue Expenditure |
183976.0 |
250024.0 |
225677.0 |
|
Capital Outlay |
31520.0 |
39623.0 |
29416.0 |
|
Revenue Deficit |
11287.0 |
35530.0 |
-1122.0 |
|
Fiscal Deficit |
44823.3 |
76466.0 |
29095.4 |
|
Primary Deficit |
29639.3 |
58112.0 |
8569.4 |
|
Outstanding Liabilities |
293044.4 |
307105.0 |
348370.5 |
|
GSDP |
751396 |
860238 |
976514 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
5.86 |
5.86 |
5.56 |
|
Of which, SGST (% of Own Tax Revenue) |
52.80 |
61.73 |
58.13 |
|
Own Non-Tax Revenue |
0.55 |
0.77 |
0.75 |
|
Tax Devolution |
12.71 |
11.94 |
11.57 |
|
Grants-in-Aid |
3.86 |
6.37 |
5.34 |
|
Total Revenue Receipts |
22.98 |
24.93 |
23.23 |
|
Interest Payments |
2.02 |
2.13 |
2.10 |
|
Revenue Expenditure |
24.48 |
29.06 |
23.11 |
|
Capital Outlay |
4.19 |
4.61 |
3.01 |
|
Revenue Deficit |
1.50 |
4.13 |
-0.11 |
|
Fiscal Deficit |
5.97 |
8.89 |
2.98 |
|
Primary Deficit |
3.94 |
6.76 |
0.88 |
|
Outstanding Liabilities |
39.00 |
35.70 |
35.67 |
Source: Bihar Budget Documents 2024-25.
3: Chhattisgarh
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
33122.3 |
40600.0 |
49700.0 |
|
SGST |
11298.0 |
13957.0 |
17446.0 |
|
Own Non-Tax Revenue |
15248.2 |
18400.0 |
18700.0 |
|
Tax Devolution |
32358.3 |
39750.0 |
44000.0 |
|
Grants-in-Aid |
13148.3 |
12600.0 |
13500.0 |
|
Total Revenue Receipts |
93877.1 |
111350.0 |
125900.0 |
|
Interest Payments |
6382.0 |
7042.0 |
7931.0 |
|
Revenue Expenditure |
85285.0 |
127019.6 |
124840.0 |
|
Capital Outlay |
13320.0 |
21259.0 |
22300.0 |
|
Revenue Deficit |
-8592.1 |
15669.6 |
-1060.0 |
|
Fiscal Deficit |
4691.2 |
33367.9 |
19695.6 |
|
Primary Deficit |
-1690.8 |
26325.9 |
11764.6 |
|
Outstanding Liabilities |
101703.4 |
126471.8 |
142680.9 |
|
GSDP |
464399 |
505887 |
561736 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
7.13 |
8.03 |
8.85 |
|
Of which, SGST (% of Own Tax Revenue) |
34.11 |
34.38 |
35.10 |
|
Own Non-Tax Revenue |
3.28 |
3.64 |
3.33 |
|
Tax Devolution |
6.97 |
7.86 |
7.83 |
|
Grants-in-Aid |
2.83 |
2.49 |
2.40 |
|
Total Revenue Receipts |
20.21 |
22.01 |
22.41 |
|
Interest Payments |
1.37 |
1.39 |
1.41 |
|
Revenue Expenditure |
18.36 |
25.11 |
22.22 |
|
Capital Outlay |
2.87 |
4.20 |
3.97 |
|
Revenue Deficit |
-1.85 |
3.10 |
-0.19 |
|
Fiscal Deficit |
1.01 |
5.81 |
2.90 |
|
Primary Deficit |
-0.36 |
5.20 |
2.09 |
|
Outstanding Liabilities |
21.90 |
25.00 |
25.40 |
Source: Chhattisgarh Budget Documents 2024-25.
4: Goa
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
7825.0 |
8933.0 |
9392.0 |
|
SGST |
3536.0 |
3968.0 |
4367.0 |
|
Own Non-Tax Revenue |
3869.0 |
6066.0 |
6124.0 |
|
Tax Devolution |
3665.0 |
4236.0 |
4708.0 |
|
Grants-in-Aid |
1923.0 |
1618.0 |
1507.0 |
|
Total Revenue Receipts |
17282.0 |
20853.0 |
21731.0 |
|
Interest Payments |
1816.0 |
1914.0 |
2050.0 |
|
Revenue Expenditure |
14884.0 |
19947.0 |
19888.0 |
|
Capital Outlay |
3441.0 |
4680.0 |
4853.0 |
|
Revenue Deficit |
-2398.0 |
-906.0 |
-1843.0 |
|
Fiscal Deficit |
1110.6 |
3841.5 |
3149.5 |
|
Primary Deficit |
-705.4 |
1927.5 |
1099.5 |
|
Outstanding Liabilities |
21940.5 |
23971.6 |
26605.3 |
|
GSDP |
91417 |
100000 |
121309 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
8.56 |
8.93 |
7.74 |
|
Of which, SGST (% of Own Tax Revenue) |
45.19 |
44.42 |
46.50 |
|
Own Non-Tax Revenue |
4.23 |
6.07 |
5.05 |
|
Tax Devolution |
4.01 |
4.24 |
3.88 |
|
Grants-in-Aid |
2.10 |
1.62 |
1.24 |
|
Total Revenue Receipts |
18.90 |
20.85 |
17.91 |
|
Interest Payments |
1.99 |
1.91 |
1.69 |
|
Revenue Expenditure |
16.28 |
19.95 |
16.39 |
|
Capital Outlay |
3.76 |
4.68 |
4.00 |
|
Revenue Deficit |
-2.62 |
-0.91 |
-1.52 |
|
Fiscal Deficit |
1.21 |
3.84 |
2.60 |
|
Primary Deficit |
-0.77 |
1.93 |
0.91 |
|
Outstanding Liabilities |
24.00 |
23.97 |
21.93 |
Source: Goa Budget Documents 2024-25.
5: Gujarat
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
124810.0 |
134076.0 |
148950.0 |
|
SGST |
52154.0 |
61815.0 |
74597.0 |
|
Own Non-Tax Revenue |
18434.0 |
19262.0 |
19675.0 |
|
Tax Devolution |
33034.0 |
41649.0 |
42245.0 |
|
Grants-in-Aid |
23131.0 |
20807.0 |
18783.0 |
|
Total Revenue Receipts |
199409.0 |
215794.0 |
229653.0 |
|
Interest Payments |
25354.0 |
27790.0 |
29954.0 |
|
Revenue Expenditure |
179543.0 |
197175.0 |
219832.0 |
|
Capital Outlay |
35499.0 |
58696.0 |
75689.0 |
|
Revenue Deficit |
-19866.0 |
-18619.0 |
-9821.0 |
|
Fiscal Deficit |
16845.0 |
42480.0 |
51917.0 |
|
Primary Deficit |
-8509.0 |
14690.0 |
21963.0 |
|
Outstanding Liabilities |
338476.0 |
377962.0 |
426380.0 |
|
GSDP |
2230609 |
2464300 |
2792545 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
5.60 |
5.44 |
5.33 |
|
Of which, SGST (% of Own Tax Revenue) |
41.79 |
46.10 |
50.08 |
|
Own Non-Tax Revenue |
0.83 |
0.78 |
0.70 |
|
Tax Devolution |
1.48 |
1.69 |
1.51 |
|
Grants-in-Aid |
1.04 |
0.84 |
0.67 |
|
Total Revenue Receipts |
8.94 |
8.76 |
8.22 |
|
Interest Payments |
1.14 |
1.13 |
1.07 |
|
Revenue Expenditure |
8.05 |
8.00 |
7.87 |
|
Capital Outlay |
1.59 |
2.38 |
2.71 |
|
Revenue Deficit |
-0.89 |
-0.76 |
-0.35 |
|
Fiscal Deficit |
0.76 |
1.72 |
1.86 |
|
Primary Deficit |
-0.38 |
0.60 |
0.79 |
|
Outstanding Liabilities |
15.17 |
15.34 |
15.27 |
Source: Gujarat Budget Documents 2024-25.
6: Haryana
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
62960.8 |
73586.0 |
84551.1 |
|
SGST |
28576.6 |
32893.0 |
37498.0 |
|
Own Non-Tax Revenue |
8742.6 |
8582.7 |
9243.5 |
|
Tax Devolution |
10378.0 |
12072.1 |
13332.2 |
|
Grants-in-Aid |
7113.3 |
11546.2 |
9512.1 |
|
Total Revenue Receipts |
89194.7 |
105786.9 |
116638.9 |
|
Interest Payments |
20095.6 |
22249.9 |
25141.7 |
|
Revenue Expenditure |
106406.2 |
118951.5 |
134456.4 |
|
Capital Outlay |
11665.0 |
14442.9 |
16280.9 |
|
Revenue Deficit |
17211.5 |
13164.5 |
17817.5 |
|
Fiscal Deficit |
31026.9 |
30650.5 |
33634.5 |
|
Primary Deficit |
10931.3 |
8400.6 |
8492.8 |
|
Outstanding Liabilities |
255325.0 |
284864.0 |
317982.0 |
|
GSDP |
984055 |
1095535 |
1216044 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.40 |
6.72 |
6.95 |
|
Of which, SGST (% of Own Tax Revenue) |
45.39 |
44.70 |
44.35 |
|
Own Non-Tax Revenue |
0.89 |
0.78 |
0.76 |
|
Tax Devolution |
1.05 |
1.10 |
1.10 |
|
Grants-in-Aid |
0.72 |
1.05 |
0.78 |
|
Total Revenue Receipts |
9.06 |
9.66 |
9.59 |
|
Interest Payments |
2.04 |
2.03 |
2.07 |
|
Revenue Expenditure |
10.81 |
10.86 |
11.06 |
|
Capital Outlay |
1.19 |
1.32 |
1.34 |
|
Revenue Deficit |
1.75 |
1.20 |
1.47 |
|
Fiscal Deficit |
3.15 |
2.80 |
2.77 |
|
Primary Deficit |
1.11 |
0.77 |
0.70 |
|
Outstanding Liabilities |
25.95 |
26.00 |
26.15 |
Source: Haryana Budget Documents 2024-25.
7: Jharkhand
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
25117.5 |
28711.7 |
34200.0 |
|
SGST |
11374.0 |
12000.0 |
15375.0 |
|
Own Non-Tax Revenue |
12830.1 |
16115.8 |
19300.4 |
|
Tax Devolution |
31404.1 |
36525.6 |
40338.2 |
|
Grants-in-Aid |
10893.5 |
13875.6 |
16961.4 |
|
Total Revenue Receipts |
80245.2 |
95228.8 |
110800.0 |
|
Interest Payments |
6238.3 |
7499.0 |
7054.6 |
|
Revenue Expenditure |
66681.6 |
88093.2 |
91831.5 |
|
Capital Outlay |
14015.6 |
21673.9 |
23987.2 |
|
Revenue Deficit |
-13563.6 |
-7135.6 |
-18968.5 |
|
Fiscal Deficit |
4616.7 |
11690.7 |
9499.7 |
|
Primary Deficit |
-1621.6 |
4191.7 |
2445.1 |
|
Outstanding Liabilities |
118448.0 |
131015.4 |
126928.1 |
|
GSDP |
393722 |
428155 |
470104 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.38 |
6.71 |
7.27 |
|
Of which, SGST (% of Own Tax Revenue) |
45.28 |
41.79 |
44.96 |
|
Own Non-Tax Revenue |
3.26 |
3.76 |
4.11 |
|
Tax Devolution |
7.98 |
8.53 |
8.58 |
|
Grants-in-Aid |
2.77 |
3.24 |
3.61 |
|
Total Revenue Receipts |
20.38 |
22.24 |
23.57 |
|
Interest Payments |
1.58 |
1.75 |
1.50 |
|
Revenue Expenditure |
16.94 |
20.58 |
19.53 |
|
Capital Outlay |
3.56 |
5.06 |
5.10 |
|
Revenue Deficit |
-3.44 |
-1.67 |
-4.03 |
|
Fiscal Deficit |
1.17 |
2.73 |
2.02 |
|
Primary Deficit |
-0.41 |
0.98 |
0.52 |
|
Outstanding Liabilities |
30.08 |
30.60 |
27.00 |
Source: Jharkhand Budget Documents 2024-2
8: Karnataka
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
163990.3 |
161494.0 |
189893.0 |
|
SGST |
61403.3 |
71367.0 |
86475.0 |
|
Own Non-Tax Revenue |
13914.2 |
12000.0 |
13499.6 |
|
Tax Devolution |
34596.2 |
40280.9 |
44485.5 |
|
Grants-in-Aid |
16579.1 |
13005.0 |
15299.7 |
|
Total Revenue Receipts |
229079.8 |
226779.9 |
263177.8 |
|
Interest Payments |
28427.2 |
30542.8 |
39233.5 |
|
Revenue Expenditure |
215584.0 |
240731.0 |
290531.4 |
|
Capital Outlay |
57348.2 |
51231.3 |
52903.0 |
|
Revenue Deficit |
-13495.8 |
13951.1 |
27353.5 |
|
Fiscal Deficit |
46622.3 |
68505.1 |
82980.6 |
|
Primary Deficit |
18195.1 |
37962.3 |
43747.1 |
|
Outstanding Liabilities |
522847.0 |
581228.0 |
665095.0 |
|
GSDP |
2181217 |
2567340 |
2809063 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
7.52 |
6.29 |
6.76 |
|
Of which, SGST (% of Own Tax Revenue) |
37.44 |
44.19 |
45.54 |
|
Own Non-Tax Revenue |
0.64 |
0.47 |
0.48 |
|
Tax Devolution |
1.59 |
1.57 |
1.58 |
|
Grants-in-Aid |
0.76 |
0.51 |
0.54 |
|
Total Revenue Receipts |
10.50 |
8.83 |
9.37 |
|
Interest Payments |
1.30 |
1.19 |
1.40 |
|
Revenue Expenditure |
9.88 |
9.38 |
10.34 |
|
Capital Outlay |
2.63 |
2.00 |
1.88 |
|
Revenue Deficit |
-0.62 |
0.54 |
0.97 |
|
Fiscal Deficit |
2.14 |
2.67 |
2.95 |
|
Primary Deficit |
0.83 |
1.48 |
1.56 |
|
Outstanding Liabilities |
23.97 |
22.64 |
23.68 |
Source: Karnataka Budget Documents 2024-25.
9: Kerala
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
71968.2 |
77038.3 |
84883.5 |
|
SGST |
29513.3 |
32595.8 |
35874.6 |
|
Own Non-Tax Revenue |
15118.0 |
16853.1 |
18356.5 |
|
Tax Devolution |
18260.7 |
21285.6 |
23882.4 |
|
Grants-in-Aid |
27377.9 |
11660.2 |
11532.8 |
|
Total Revenue Receipts |
132724.7 |
126837.1 |
138655.2 |
|
Interest Payments |
25176.4 |
26843.2 |
28694.2 |
|
Revenue Expenditure |
141950.9 |
151422.4 |
166501.2 |
|
Capital Outlay |
13996.6 |
14398.2 |
15663.2 |
|
Revenue Deficit |
9226.3 |
24585.3 |
27846.1 |
|
Fiscal Deficit |
25554.5 |
40461.4 |
44529.0 |
|
Primary Deficit |
378.2 |
13618.2 |
15834.7 |
|
Outstanding Liabilities |
362191.9 |
402634.0 |
447857.3 |
|
GSDP |
1046188 |
1174244 |
1311437 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.88 |
6.56 |
6.47 |
|
Of which, SGST (% of Own Tax Revenue) |
41.01 |
42.31 |
42.26 |
|
Own Non-Tax Revenue |
1.45 |
1.44 |
1.40 |
|
Tax Devolution |
1.75 |
1.81 |
1.82 |
|
Grants-in-Aid |
2.62 |
0.99 |
0.88 |
|
Total Revenue Receipts |
12.69 |
10.80 |
10.57 |
|
Interest Payments |
2.41 |
2.29 |
2.19 |
|
Revenue Expenditure |
13.57 |
12.90 |
12.70 |
|
Capital Outlay |
1.34 |
1.23 |
1.19 |
|
Revenue Deficit |
0.88 |
2.09 |
2.12 |
|
Fiscal Deficit |
2.44 |
3.45 |
3.40 |
|
Primary Deficit |
0.04 |
1.16 |
1.21 |
|
Outstanding Liabilities |
34.62 |
34.29 |
34.15 |
Source: Kerala Budget Documents 2024-25.
10: Madhya Pradesh
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
72611.0 |
87545.0 |
102097.0 |
|
SGST |
23397.0 |
32000.0 |
40000.0 |
|
Own Non-Tax Revenue |
19878.0 |
17301.0 |
20603.0 |
|
Tax Devolution |
74543.0 |
86703.0 |
95753.0 |
|
Grants-in-Aid |
36954.0 |
40184.0 |
44892.0 |
|
Total Revenue Receipts |
203986.0 |
231733.0 |
263345.0 |
|
Interest Payments |
19453.0 |
23994.0 |
27400.0 |
|
Revenue Expenditure |
199895.0 |
231112.0 |
261644.0 |
|
Capital Outlay |
44438.0 |
67178.0 |
61633.0 |
|
Revenue Deficit |
-4091.0 |
-621.0 |
-1701.0 |
|
Fiscal Deficit |
41203.0 |
54449.0 |
62564.0 |
|
Primary Deficit |
21750.0 |
30455.0 |
35164.0 |
|
Outstanding Liabilities |
363775.8 |
423841.6 |
491677.1 |
|
GSDP |
1322821 |
1513720 |
1522220 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
5.49 |
5.78 |
6.71 |
|
Of which, SGST (% of Own Tax Revenue) |
32.22 |
36.55 |
39.18 |
|
Own Non-Tax Revenue |
1.50 |
1.14 |
1.35 |
|
Tax Devolution |
5.64 |
5.73 |
6.29 |
|
Grants-in-Aid |
2.79 |
2.65 |
2.95 |
|
Total Revenue Receipts |
15.42 |
15.31 |
17.30 |
|
Interest Payments |
1.47 |
1.59 |
1.80 |
|
Revenue Expenditure |
15.11 |
15.27 |
17.19 |
|
Capital Outlay |
3.36 |
4.44 |
4.05 |
|
Revenue Deficit |
-0.31 |
-0.04 |
-0.11 |
|
Fiscal Deficit |
3.11 |
3.60 |
4.11 |
|
Primary Deficit |
1.64 |
2.01 |
2.31 |
|
Outstanding Liabilities |
27.50 |
28.00 |
32.30 |
Source: Madhya Pradesh Budget Documents 2024-25.
11: Maharashtra
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
277486.0 |
326281.0 |
342919.0 |
|
SGST |
121256.0 |
144791.0 |
155756.0 |
|
Own Non-Tax Revenue |
16776.0 |
24620.0 |
26775.0 |
|
Tax Devolution |
60002.0 |
69771.0 |
77054.0 |
|
Grants-in-Aid |
51414.0 |
65444.0 |
52715.0 |
|
Total Revenue Receipts |
405678.0 |
486116.0 |
499463.0 |
|
Interest Payments |
41689.0 |
48578.0 |
56727.0 |
|
Revenue Expenditure |
407614.0 |
505647.0 |
519514.0 |
|
Capital Outlay |
61644.0 |
85657.0 |
85292.0 |
|
Revenue Deficit |
1936.0 |
19531.0 |
20051.0 |
|
Fiscal Deficit |
67602.0 |
111956.0 |
110355.0 |
|
Primary Deficit |
25913.0 |
63378.0 |
53628.0 |
|
Outstanding Liabilities |
630737.9 |
711788.2 |
785269.9 |
|
GSDP |
3645884 |
4044251 |
4267771 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
7.61 |
8.07 |
8.04 |
|
Of which, SGST (% of Own Tax Revenue) |
43.70 |
44.38 |
45.42 |
|
Own Non-Tax Revenue |
0.46 |
0.61 |
0.63 |
|
Tax Devolution |
1.65 |
1.73 |
1.81 |
|
Grants-in-Aid |
1.41 |
1.62 |
1.24 |
|
Total Revenue Receipts |
11.13 |
12.02 |
11.70 |
|
Interest Payments |
1.14 |
1.20 |
1.33 |
|
Revenue Expenditure |
11.18 |
12.50 |
12.17 |
|
Capital Outlay |
1.69 |
2.12 |
2.00 |
|
Revenue Deficit |
0.05 |
0.48 |
0.47 |
|
Fiscal Deficit |
1.85 |
2.77 |
2.59 |
|
Primary Deficit |
0.71 |
1.57 |
1.26 |
|
Outstanding Liabilities |
17.30 |
17.60 |
18.40 |
Source: Maharashtra Budget Documents 2024-25.
12: Odisha
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
46553.9 |
54000.0 |
59000.0 |
|
SGST |
18600.5 |
23500.0 |
25177.5 |
|
Own Non-Tax Revenue |
42719.5 |
52500.0 |
56000.0 |
|
Tax Devolution |
42989.3 |
50011.7 |
55231.8 |
|
Grants-in-Aid |
18199.6 |
28988.3 |
33768.2 |
|
Total Revenue Receipts |
150462.3 |
185500.0 |
204000.0 |
|
Interest Payments |
5502.3 |
6724.0 |
7566.0 |
|
Revenue Expenditure |
131006.1 |
163089.4 |
166922.6 |
|
Capital Outlay |
33349.0 |
46152.0 |
61162.0 |
|
Revenue Deficit |
-19456.2 |
-22410.6 |
-37077.4 |
|
Fiscal Deficit |
15219.0 |
24981.8 |
27749.5 |
|
Primary Deficit |
9716.7 |
18257.7 |
20183.5 |
|
Outstanding Liabilities |
88164.9 |
103146.6 |
125550.0 |
|
GSDP |
753177 |
832790 |
926063 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.18 |
6.48 |
6.37 |
|
Of which, SGST (% of Own Tax Revenue) |
39.95 |
43.52 |
42.67 |
|
Own Non-Tax Revenue |
5.67 |
6.30 |
6.05 |
|
Tax Devolution |
5.71 |
6.01 |
5.96 |
|
Grants-in-Aid |
2.42 |
3.48 |
3.65 |
|
Total Revenue Receipts |
19.98 |
22.27 |
22.03 |
|
Interest Payments |
0.73 |
0.81 |
0.82 |
|
Revenue Expenditure |
17.39 |
19.58 |
18.02 |
|
Capital Outlay |
4.43 |
5.54 |
6.60 |
|
Revenue Deficit |
-2.58 |
-2.69 |
-4.00 |
|
Fiscal Deficit |
2.02 |
3.00 |
3.00 |
|
Primary Deficit |
1.29 |
2.19 |
2.18 |
|
Outstanding Liabilities |
11.71 |
12.39 |
13.56 |
Source: Odisha Budget Documents 2024-25.
13: Punjab
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
42243.2 |
51400.0 |
58900.0 |
|
SGST |
18127.8 |
22500.0 |
25750.0 |
|
Own Non-Tax Revenue |
6231.9 |
10051.3 |
11246.3 |
|
Tax Devolution |
17163.7 |
19958.2 |
22041.5 |
|
Grants-in-Aid |
21976.8 |
17530.3 |
11748.4 |
|
Total Revenue Receipts |
87615.6 |
98939.7 |
103936.2 |
|
Interest Payments |
19905.1 |
22500.0 |
23900.0 |
|
Revenue Expenditure |
113660.6 |
122751.5 |
127134.3 |
|
Capital Outlay |
6667.2 |
6406.3 |
7445.0 |
|
Revenue Deficit |
26045.0 |
23811.7 |
23198.1 |
|
Fiscal Deficit |
33930.1 |
30310.6 |
30464.9 |
|
Primary Deficit |
14024.9 |
7810.6 |
6564.9 |
|
Outstanding Liabilities |
314220.8 |
343626.4 |
374091.3 |
|
GSDP |
673107 |
736423 |
802701 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.28 |
6.98 |
7.34 |
|
Of which, SGST (% of Own Tax Revenue) |
42.91 |
43.77 |
43.72 |
|
Own Non-Tax Revenue |
0.93 |
1.36 |
1.40 |
|
Tax Devolution |
2.55 |
2.71 |
2.75 |
|
Grants-in-Aid |
3.26 |
2.38 |
1.46 |
|
Total Revenue Receipts |
13.02 |
13.44 |
12.95 |
|
Interest Payments |
2.96 |
3.06 |
2.98 |
|
Revenue Expenditure |
16.89 |
16.67 |
15.84 |
|
Capital Outlay |
0.99 |
0.87 |
0.93 |
|
Revenue Deficit |
3.87 |
3.23 |
2.89 |
|
Fiscal Deficit |
5.04 |
4.12 |
3.80 |
|
Primary Deficit |
2.08 |
1.06 |
0.82 |
|
Outstanding Liabilities |
46.68 |
46.66 |
46.60 |
Source: Punjab Budget Documents 2024-25.
14: Rajasthan
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
87346.4 |
110600.5 |
125524.8 |
|
SGST |
33790.5 |
48000.0 |
55800.0 |
|
Own Non-Tax Revenue |
20564.4 |
20647.7 |
22665.4 |
|
Tax Devolution |
57230.8 |
66556.7 |
79587.1 |
|
Grants-in-Aid |
29846.3 |
39867.0 |
36684.0 |
|
Total Revenue Receipts |
194987.9 |
237671.9 |
264461.3 |
|
Interest Payments |
30601.9 |
34561.0 |
37537.8 |
|
Revenue Expenditure |
226479.3 |
267743.8 |
290219.4 |
|
Capital Outlay |
19798.3 |
34843.5 |
44216.5 |
|
Revenue Deficit |
31491.4 |
30071.9 |
25758.1 |
|
Fiscal Deficit |
51028.6 |
65081.7 |
70009.5 |
|
Primary Deficit |
20426.7 |
30520.6 |
32471.6 |
|
Outstanding Liabilities |
505120.6 |
570087.6 |
641188.1 |
|
GSDP |
1357851 |
1528385 |
1781078 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.43 |
7.24 |
7.05 |
|
Of which, SGST (% of Own Tax Revenue) |
38.69 |
43.40 |
44.45 |
|
Own Non-Tax Revenue |
1.51 |
1.35 |
1.27 |
|
Tax Devolution |
4.21 |
4.35 |
4.47 |
|
Grants-in-Aid |
2.20 |
2.61 |
2.06 |
|
Total Revenue Receipts |
14.36 |
15.55 |
14.85 |
|
Interest Payments |
2.25 |
2.26 |
2.11 |
|
Revenue Expenditure |
16.68 |
17.52 |
16.29 |
|
Capital Outlay |
1.46 |
2.28 |
2.48 |
|
Revenue Deficit |
2.32 |
1.97 |
1.45 |
|
Fiscal Deficit |
3.76 |
4.26 |
3.93 |
|
Primary Deficit |
1.50 |
2.00 |
1.82 |
|
Outstanding Liabilities |
37.20 |
37.30 |
36.00 |
Source: Rajasthan Budget Documents 2024-25.
15: Tamil Nadu
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
150222.8 |
170147.2 |
195173.0 |
|
SGST |
53823.0 |
63338.0 |
73788.0 |
|
Own Non-Tax Revenue |
17061.0 |
30380.6 |
30727.8 |
|
Tax Devolution |
38731.2 |
45052.5 |
49755.0 |
|
Grants-in-Aid |
37734.4 |
26996.4 |
23354.2 |
|
Total Revenue Receipts |
243749.3 |
272576.8 |
299010.0 |
|
Interest Payments |
47689.5 |
55886.0 |
63722.2 |
|
Revenue Expenditure |
279964.0 |
317484.0 |
348289.0 |
|
Capital Outlay |
39529.9 |
42531.7 |
47681.3 |
|
Revenue Deficit |
36215.2 |
44906.8 |
49278.7 |
|
Fiscal Deficit |
81885.8 |
94059.7 |
108689.9 |
|
Primary Deficit |
34196.4 |
38173.7 |
44967.7 |
|
Outstanding Liabilities |
636054.3 |
726908.0 |
832945.4 |
|
GSDP |
2364514 |
2722502 |
3155096 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.35 |
6.25 |
6.19 |
|
Of which, SGST (% of Own Tax Revenue) |
35.83 |
37.23 |
37.81 |
|
Own Non-Tax Revenue |
0.72 |
1.12 |
0.97 |
|
Tax Devolution |
1.64 |
1.65 |
1.58 |
|
Grants-in-Aid |
1.60 |
0.99 |
0.74 |
|
Total Revenue Receipts |
10.31 |
10.01 |
9.48 |
|
Interest Payments |
2.02 |
2.05 |
2.02 |
|
Revenue Expenditure |
11.84 |
11.66 |
11.04 |
|
Capital Outlay |
1.67 |
1.56 |
1.51 |
|
Revenue Deficit |
1.53 |
1.65 |
1.56 |
|
Fiscal Deficit |
3.46 |
3.45 |
3.44 |
|
Primary Deficit |
1.45 |
1.40 |
1.43 |
|
Outstanding Liabilities |
26.90 |
26.70 |
26.40 |
Source: Tamil Nadu Budget Documents 2024-25.
16: Telangana
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
106948.9 |
111798.1 |
138181.3 |
|
SGST |
36248.4 |
39295.0 |
50762.7 |
|
Own Non-Tax Revenue |
19554.0 |
23819.5 |
35208.4 |
|
Tax Devolution |
19668.2 |
23742.0 |
26216.4 |
|
Grants-in-Aid |
13179.2 |
9729.9 |
21636.2 |
|
Total Revenue Receipts |
159350.3 |
169089.6 |
221242.2 |
|
Interest Payments |
21821.2 |
23337.4 |
17729.8 |
|
Revenue Expenditure |
153406.7 |
167384.7 |
220944.8 |
|
Capital Outlay |
17880.6 |
44252.7 |
33486.5 |
|
Revenue Deficit |
36215.2 |
44906.8 |
49278.7 |
|
Fiscal Deficit |
32556.5 |
49372.8 |
49255.4 |
|
Primary Deficit |
10735.3 |
26035.4 |
31525.6 |
|
Outstanding Liabilities |
356486.0 |
401844.0 |
450918.0 |
|
GSDP |
1308034 |
1463960 |
1646888 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
8.18 |
7.64 |
8.39 |
|
Of which, SGST (% of Own Tax Revenue) |
33.89 |
35.15 |
36.74 |
|
Own Non-Tax Revenue |
1.49 |
1.63 |
2.14 |
|
Tax Devolution |
1.50 |
1.62 |
1.59 |
|
Grants-in-Aid |
1.01 |
0.66 |
1.31 |
|
Total Revenue Receipts |
12.18 |
11.55 |
13.43 |
|
Interest Payments |
1.67 |
1.59 |
1.08 |
|
Revenue Expenditure |
11.73 |
11.43 |
13.42 |
|
Capital Outlay |
1.37 |
3.02 |
2.03 |
|
Revenue Deficit |
2.77 |
3.07 |
2.99 |
|
Fiscal Deficit |
2.49 |
3.37 |
2.99 |
|
Primary Deficit |
0.82 |
1.78 |
1.91 |
|
Outstanding Liabilities |
27.25 |
27.45 |
27.38 |
Source: Telangana Budget Documents 2024-25.
17: Uttar Pradesh
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
174087.0 |
212731.0 |
270086.0 |
|
SGST |
64140.9 |
87776.4 |
114248.7 |
|
Own Non-Tax Revenue |
13489.5 |
11761.1 |
24434.8 |
|
Tax Devolution |
169745.5 |
198135.4 |
218816.8 |
|
Grants-in-Aid |
59919.6 |
102590.3 |
93464.7 |
|
Total Revenue Receipts |
417241.5 |
525217.8 |
606802.4 |
|
Interest Payments |
43008.0 |
49316.6 |
53712.0 |
|
Revenue Expenditure |
379978.1 |
454771.3 |
532655.3 |
|
Capital Outlay |
93028.4 |
146177.1 |
154747.5 |
|
Revenue Deficit |
-37263.4 |
-70446.5 |
-74147.1 |
|
Fiscal Deficit |
64636.3 |
82514.5 |
86530.5 |
|
Primary Deficit |
21628.3 |
33197.9 |
32818.5 |
|
Outstanding Liabilities |
671133.9 |
747545.7 |
816926.0 |
|
GSDP |
2257575 |
2361462 |
2499076 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
7.71 |
9.01 |
10.81 |
|
Of which, SGST (% of Own Tax Revenue) |
36.84 |
41.26 |
42.30 |
|
Own Non-Tax Revenue |
0.60 |
0.50 |
0.98 |
|
Tax Devolution |
7.52 |
8.39 |
8.76 |
|
Grants-in-Aid |
2.65 |
4.34 |
3.74 |
|
Total Revenue Receipts |
18.48 |
22.24 |
24.28 |
|
Interest Payments |
1.91 |
2.09 |
2.15 |
|
Revenue Expenditure |
16.83 |
19.26 |
21.31 |
|
Capital Outlay |
4.12 |
6.19 |
6.19 |
|
Revenue Deficit |
-1.65 |
-2.98 |
-2.97 |
|
Fiscal Deficit |
2.86 |
3.49 |
3.46 |
|
Primary Deficit |
0.96 |
1.41 |
1.31 |
|
Outstanding Liabilities |
29.73 |
31.66 |
32.69 |
Source: Uttar Pradesh Budget Documents 2024-25.
18: West Bengal
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
83608.6 |
92742.2 |
102348.9 |
|
SGST |
37967.1 |
42858.1 |
47336.6 |
|
Own Non-Tax Revenue |
2196.8 |
3148.1 |
6317.5 |
|
Tax Devolution |
71434.9 |
83192.9 |
92900.3 |
|
Grants-in-Aid |
38303.9 |
29576.0 |
34684.4 |
|
Total Revenue Receipts |
195544.2 |
208659.1 |
236251.1 |
|
Interest Payments |
40017.8 |
42275.3 |
45268.9 |
|
Revenue Expenditure |
222838.9 |
236911.9 |
268202.8 |
|
Capital Outlay |
22008.8 |
30536.9 |
35865.6 |
|
Revenue Deficit |
27294.7 |
28252.8 |
31951.7 |
|
Fiscal Deficit |
49966.1 |
59306.0 |
68250.2 |
|
Primary Deficit |
9948.3 |
17030.7 |
22981.3 |
|
Outstanding Liabilities |
574312.7 |
630783.5 |
693231.7 |
|
GSDP |
1531758 |
1700939 |
1879453 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
5.46 |
5.45 |
5.45 |
|
Of which, SGST (% of Own Tax Revenue) |
45.41 |
46.21 |
46.25 |
|
Own Non-Tax Revenue |
0.14 |
0.19 |
0.34 |
|
Tax Devolution |
4.66 |
4.89 |
4.94 |
|
Grants-in-Aid |
2.50 |
1.74 |
1.85 |
|
Total Revenue Receipts |
12.77 |
12.27 |
12.57 |
|
Interest Payments |
2.61 |
2.49 |
2.41 |
|
Revenue Expenditure |
14.55 |
13.93 |
14.27 |
|
Capital Outlay |
1.44 |
1.80 |
1.91 |
|
Revenue Deficit |
1.78 |
1.66 |
1.70 |
|
Fiscal Deficit |
3.26 |
3.49 |
3.63 |
|
Primary Deficit |
0.65 |
1.00 |
1.22 |
|
Outstanding Liabilities |
37.49 |
37.08 |
36.88 |
Source: West Bengal Budget Documents 2024-25.
19: All Major States Combined
|
₹ Crore |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
1653009 |
1887841 |
2159638 |
|
SGST |
656431 |
797265 |
929817 |
|
Own Non-Tax Revenue |
256179 |
308591 |
360603 |
|
Tax Devolution |
848828 |
986302 |
1092646 |
|
Grants-in-Aid |
472869 |
546597 |
524332 |
|
Total Revenue Receipts |
3230885 |
3729330 |
4137218 |
|
Interest Payments |
423853 |
478081 |
522166 |
|
Revenue Expenditure |
3310409 |
3888497 |
4239194 |
|
Capital Outlay |
526394 |
757048 |
803152 |
|
Revenue Deficit |
121684 |
205778 |
151552 |
|
Fiscal Deficit |
665826 |
939649 |
944188 |
|
Primary Deficit |
241973 |
461568 |
422022 |
|
Outstanding Liabilities |
6582699 |
7374037 |
8248728 |
|
GSDP |
24675453 |
27539213 |
30329340 |
|
% of GSDP |
|||
|
Heads |
2022-23 |
2023-24 RE |
2024-25 BE |
|
Own Tax Revenue |
6.70 |
6.86 |
7.12 |
|
Of which, SGST (% of Own Tax Revenue) |
39.71 |
42.23 |
43.05 |
|
Own Non-Tax Revenue |
1.04 |
1.12 |
1.19 |
|
Tax Devolution |
3.44 |
3.58 |
3.60 |
|
Grants-in-Aid |
1.92 |
1.98 |
1.73 |
|
Total Revenue Receipts |
13.09 |
13.54 |
13.64 |
|
Interest Payments |
1.72 |
1.74 |
1.72 |
|
Revenue Expenditure |
13.42 |
14.12 |
13.98 |
|
Capital Outlay |
2.13 |
2.75 |
2.65 |
|
Revenue Deficit |
0.49 |
0.75 |
0.50 |
|
Fiscal Deficit |
2.70 |
3.41 |
3.11 |
|
Primary Deficit |
0.98 |
1.68 |
1.39 |
|
Outstanding Liabilities |
26.68 |
26.78 |
27.20 |
Source: Authors computations based on Tables 1 – 18.