India Revenue Deficit Analysis 2023-24
The revenue deficit shows whether the government earns enough revenue to cover its day-to-day expenses. A persistent revenue deficit means the government borrows not just for investment but for routine spending — a sign of fiscal stress.
Revenue Deficit — 2023-24
6.17 lakh crore
Rs 6.17 lakh crore
Previous Year (2022-23)
5.25 lakh crore
Year-over-Year Change
+17.6%
Revenue Deficit — 5-Year Trend
| Year | revenue Deficit | total Rev Receipts | total Rev Expenditure |
|---|---|---|---|
| 2019-20 | Rs 6.67 lakh crore | Rs 16.84 lakh crore | Rs 23.51 lakh crore |
| 2020-21 | Rs 10.2 lakh crore | Rs 16.34 lakh crore | Rs 26.54 lakh crore |
| 2021-22 | Rs 5.35 lakh crore | Rs 20.73 lakh crore | Rs 26.08 lakh crore |
| 2022-23 | Rs 5.25 lakh crore | Rs 23.84 lakh crore | Rs 29.08 lakh crore |
| 2023-24 | Rs 6.17 lakh crore | Rs 26.64 lakh crore | Rs 32.81 lakh crore |
Source: Union Budget Documents, Ministry of Finance. Figures may include BE/RE/Actuals depending on availability.
Budget Snapshot — 2023-24
Total Expenditure
43.15 lakh crore
Total Receipts
43.15 lakh crore
Capital Expenditure
9.49 lakh crore
Tax Revenue
21.53 lakh crore
Fiscal Deficit
5.6% of GDP
Interest Payments
10.85 lakh crore