State Budget Analysis

Key fiscal indicators for states (FY25 BE)


Uttar Pradesh

Revenue receipts

₹6,06,800Cr

15.5%

Non‑debt Capital Receipts

₹3,300Cr

-0.4%

Revenue expenditure

₹5,32,700Cr

17.1%

Capital expenditure

₹1,64,000Cr

4.9%

Net Deficit =

₹86,600Cr

-0.03%

Maharashtra

Revenue receipts

₹4,99,500Cr

2.7%

Non‑debt Capital Receipts

₹2,480Cr

2%

Revenue expenditure

₹5,19,500Cr

2.7%

Capital expenditure

₹92,800Cr

-2.2%

Net Deficit =

₹1,10,320Cr

-0.18%

Tamil Nadu

Revenue receipts

₹2,99,000Cr

9.7%

Non‑debt Capital Receipts

₹4,800Cr

83.7%

Revenue expenditure

₹3,48,300Cr

9.7%

Capital expenditure

₹64,200Cr

24%

Net Deficit =

₹1,08,700Cr

-0.01%

Rajasthan

Revenue receipts

₹2,64,500Cr

11.3%

Non‑debt Capital Receipts

₹330Cr

-2.9%

Revenue expenditure

₹2,90,200Cr

8.4%

Capital expenditure

₹44,600Cr

26.1%

Net Deficit =

₹69,970Cr

-0.33%

Madhya Pradesh

Revenue receipts

₹2,63,300Cr

13.6%

Non‑debt Capital Receipts

₹470Cr

-96.5%

Revenue expenditure

₹2,61,600Cr

13.2%

Capital expenditure

₹64,700Cr

-5.6%

Net Deficit =

₹62,530Cr

0.51%

Karnataka

Revenue receipts

₹2,63,200Cr

16%

Non‑debt Capital Receipts

₹250Cr

127.3%

Revenue expenditure

₹2,90,500Cr

20.7%

Capital expenditure

₹55,900Cr

2.2%

Net Deficit =

₹82,950Cr

0.29%

West Bengal

Revenue receipts

₹2,36,300Cr

13.2%

Non‑debt Capital Receipts

₹190Cr

-61.5%

Revenue expenditure

₹2,68,200Cr

13.2%

Capital expenditure

₹36,500Cr

15.7%

Net Deficit =

₹68,210Cr

0.14%

Gujarat

Revenue receipts

₹2,29,700Cr

6.4%

Non‑debt Capital Receipts

₹290Cr

8.3%

Revenue expenditure

₹2,19,800Cr

11.5%

Capital expenditure

₹79,500Cr

29.6%

Net Deficit =

₹69,310Cr

0.76%

Bihar

Revenue receipts

₹2,26,800Cr

5.7%

Non‑debt Capital Receipts

₹440Cr

1.7%

Revenue expenditure

₹2,25,700Cr

-9.7%

Capital expenditure

₹30,700Cr

-25.9%

Net Deficit =

₹29,160Cr

-5.91%

Telangana

Revenue receipts

₹2,21,200Cr

30.8%

Non‑debt Capital Receipts

₹3,560Cr

9797.1%

Revenue expenditure

₹2,20,900Cr

32%

Capital expenditure

₹53,100Cr

3.9%

Net Deficit =

₹49,240Cr

-0.38%

Odisha

Revenue receipts

₹2,11,000Cr

13.7%

Non‑debt Capital Receipts

₹510Cr

-53.9%

Revenue expenditure

₹1,83,600Cr

12.6%

Capital expenditure

₹60,300Cr

24.5%

Net Deficit =

₹32,390Cr

0.50%

Andhra Pradesh

Revenue receipts

₹2,05,400Cr

4.4%

Non‑debt Capital Receipts

₹10Cr

-17.1%

Revenue expenditure

₹2,30,100Cr

0.8%

Capital expenditure

₹31,100Cr

8.5%

Net Deficit =

₹55,790Cr

-0.69%

Kerala

Revenue receipts

₹1,38,700Cr

9.3%

Non‑debt Capital Receipts

₹1,140Cr

3.1%

Revenue expenditure

₹1,66,500Cr

10%

Capital expenditure

₹17,800Cr

5%

Net Deficit =

₹44,460Cr

-0.05%

Chhattisgarh

Revenue receipts

₹1,25,900Cr

13.1%

Non‑debt Capital Receipts

₹150Cr

-25%

Revenue expenditure

₹1,24,800Cr

-1.7%

Capital expenditure

₹22,600Cr

4.7%

Net Deficit =

₹21,350Cr

-3.52%

Haryana

Revenue receipts

₹1,16,600Cr

10.3%

Non‑debt Capital Receipts

₹5,560Cr

365.6%

Revenue expenditure

₹1,34,500Cr

13%

Capital expenditure

₹21,400Cr

14.4%

Net Deficit =

₹33,740Cr

-0.03%

Assam

Revenue receipts

₹1,11,900Cr

-4.4%

Non‑debt Capital Receipts

₹2,220Cr

-33.8%

Revenue expenditure

₹1,10,100Cr

-7%

Capital expenditure

₹26,600Cr

-15.8%

Net Deficit =

₹22,580Cr

-1.70%

Jharkhand

Revenue receipts

₹1,10,800Cr

16.4%

Non‑debt Capital Receipts

₹100Cr

-98.6%

Revenue expenditure

₹91,800Cr

4.2%

Capital expenditure

₹28,600Cr

9.4%

Net Deficit =

₹9,500Cr

-0.71%

Punjab

Revenue receipts

₹1,03,900Cr

5.1%

Non‑debt Capital Receipts

₹650Cr

225%

Revenue expenditure

₹1,27,100Cr

3.6%

Capital expenditure

₹7,900Cr

18.2%

Net Deficit =

₹30,450Cr

-0.32%

Himachal Pradesh

Revenue receipts

₹42,200Cr

4.2%

Non‑debt Capital Receipts

₹30Cr

1.8%

Revenue expenditure

₹46,700Cr

1.6%

Capital expenditure

₹6,300Cr

-8%

Net Deficit =

₹10,770Cr

-1.18%

Meghalaya

Revenue receipts

₹23,500Cr

6%

Non‑debt Capital Receipts

₹30Cr

8.3%

Revenue expenditure

₹19,700Cr

7.4%

Capital expenditure

₹5,900Cr

2.6%

Net Deficit =

₹2,070Cr

-0.07%

Mizoram

Revenue receipts

₹12,400Cr

-3%

Non‑debt Capital Receipts

₹30Cr

0%

Revenue expenditure

₹11,800Cr

-5.5%

Capital expenditure

₹2,000Cr

-8.8%

Net Deficit =

₹1,370Cr

-1.89%

SGST revenue across states in 2023-24 (as % of GSDP)

Own tax revenue as percentage of GSDP (2024-25 BE)

Expenditure on subsidies as percentage of revenue receipts in 2022-23

Revenue balance of states as % of GSDP (2024‑25 BE)

Figure 26: Outstanding liabilities higher than 30% of GSDP for 19 states (as of March 2024)

States estimated to spend 15% of their budget towards education

States estimated to spend 7.6% of their budget towards social welfare and nutrition

States estimated to spend 6.3% of their budget towards agriculture

States estimated to spend 6.2% of their budget towards health and family welfare

States estimated to spend 5.1% of their budget towards rural development

States estimated to spend 5% of their budget towards energy

States estimated to spend 4.3% of their budget towards roads and bridges

States are estimated to spend 4.1% of their budget towards police

States are estimated to spend 3.4% of their budget towards irrigation and flood control

States are estimated to spend 3.3% of their budget towards urban development

States are estimated to spend 3.1% of their budget towards welfare of SC, ST, OBC, and minorities

States are estimated to spend 2.5% of their budget on water supply and sanitation

States are estimated to spend 1.3% of their budget on housing


2024


State
No of Districts
Population Mn
Literacy Rate
Unemployment Rate Fy24
Nominal Gsdp Fy24re Rs Lakh Cr
Per Capita Gsdp Rs
Inflation Fy24 Avg
Fiscal Deficit To Gsdp Fy25be
Outstanding Liabilities To Gsdp Fy24be
Maharashtra3612784.83.340.43185605.12.636.9
Tamil Nadu387782.93.527.23536045.43.444.3
Karnataka3167.977.22.725.73778895.8344.2
Gujarat3371.182.41.124.63463585.72.524
Uttar Pradesh75237.173323.6996055.83.547.6
West Bengal2399.480.52.6171711844.53.635.7
Rajasthan5081.569.74.215.31874546.43.936.2
Madhya Pradesh5587.273.70.915.11736324.44.122.7
Telangana3338.272.84.814.63834266.4313.9
Andhra Pradesh2653.366.44.114.42702955.53.533.5
Kerala1436.196.27.211.732552353.430.1
Haryana2230.380.43.4113619936.62.838.3
Bihar38127.970.938.6672825.8326.6
Odisha3046.477.33.18.31793036.63.539.5
Punjab2332.783.75.57.42253565.53.842.1
Assam3535.985.93.95.71588074.63.550.4
Chhattisgarh3330.477.32.55.11665203.43.837
Jharkhand2439.874.31.34.31076965.7229.9
Himachal Pradesh127.586.65.42.127694354.718.2
Meghalaya123.475.56.20.51396024.13.828.7

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