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Himachal Pradesh Budget — 2021-22 vs 2022-23

Year-over-year budget comparison showing how Himachal Pradesh's fiscal priorities have changed

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Budget Growth — 2021-22 vs 2022-23

Total Expenditure

2021-22

Rs 48,500 crore

2022-23

Rs 55,500 crore

2021-22 is -12.6% lower
Total Receipts

2021-22

Rs 36,000 crore

2022-23

Rs 42,000 crore

2021-22 is -14.3% lower
Capital Expenditure

2021-22

Rs 7,500 crore

2022-23

Rs 8,500 crore

2021-22 is -11.8% lower
Tax Revenue

2021-22

Rs 12,200 crore

2022-23

Rs 14,500 crore

2021-22 is -15.9% lower
Fiscal Deficit (% GDP)

2021-22

5.9%

2022-23

5.8%

2021-22 is +1.7% higher
Interest Payments

2021-22

Rs 6,300 crore

2022-23

Rs 7,000 crore

2021-22 is -10.0% lower

Receipts & Expenditure — Year-over-Year Change

Particulars2021-222022-23Difference
Total ReceiptsRs 36,000 croreRs 42,000 crore-14.3%
Tax Revenue (Net)Rs 12,200 croreRs 14,500 crore-15.9%
Non-Tax RevenueRs 7,800 croreRs 9,000 crore-13.3%
Total ExpenditureRs 48,500 croreRs 55,500 crore-12.6%
Revenue ExpenditureRs 41,000 croreRs 47,000 crore-12.8%
Capital ExpenditureRs 7,500 croreRs 8,500 crore-11.8%
Interest PaymentsRs 6,300 croreRs 7,000 crore-10.0%
Fiscal DeficitRs 10,500 croreRs 11,500 crore-8.7%
Fiscal Deficit (% of GDP)5.9%5.8%—
Debt-to-GDP Ratio44.4%44.5%—

How Has Himachal Pradesh's Budget Changed from 2022-23 to 2021-22?

Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.

Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.

Explore the full 2021-22 budget analysis or view all available comparisons.

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