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Punjab Budget โ€” 2023-24 vs 2026-27

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

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Budget Growth โ€” 2023-24 vs 2026-27

Total Expenditure

2023-24

Rs 1.29 lakh crore

2026-27

Rs 1.67 lakh crore

2023-24 is -22.4% lower
Total Receipts

2023-24

Rs 98,940 crore

2026-27

Rs 1.26 lakh crore

2023-24 is -21.6% lower
Capital Expenditure

2023-24

Rs 6,406 crore

2026-27

Rs 18,565 crore

2023-24 is -65.5% lower
Tax Revenue

2023-24

Rs 51,400 crore

2026-27

Rs 1.01 lakh crore

2023-24 is -49.3% lower
Fiscal Deficit (% GDP)

2023-24

4.1%

2026-27

4.1%

2023-24 is 0.0% lower
Interest Payments

2023-24

Rs 22,500 crore

2026-27

Rs 28,755 crore

2023-24 is -21.8% lower

Receipts & Expenditure โ€” Year-over-Year Change

Particulars2023-242026-27Difference
Total ReceiptsRs 98,940 croreRs 1.26 lakh crore-21.6%
Tax Revenue (Net)Rs 51,400 croreRs 1.01 lakh crore-49.3%
Non-Tax RevenueRs 10,051 croreRs 15,687 crore-35.9%
Total ExpenditureRs 1.29 lakh croreRs 1.67 lakh crore-22.4%
Revenue ExpenditureRs 1.23 lakh croreRs 1.48 lakh crore-17.1%
Capital ExpenditureRs 6,406 croreRs 18,565 crore-65.5%
Interest PaymentsRs 22,500 croreRs 28,755 crore-21.8%
Fiscal DeficitRs 30,311 croreRs 39,971 crore-24.2%
Fiscal Deficit (% of GDP)4.1%4.1%โ€”
Debt-to-GDP Ratio49.6%45.1%โ€”

Department Allocation Changes โ€” 2023-24 vs 2026-27

Which departments gained or lost budget share between 2026-27 and 2023-24

Department2023-242026-27Difference
1. Education, Sports, Arts and Culture
Rs 0
Rs 21,503 crore
-100.0%
2. Social Welfare and Nutrition
Rs 0
Rs 18,775 crore
-100.0%
3. Education
Rs 15,800 crore
Rs 0
โ€”
4. Agriculture and Allied Activities
Rs 0
Rs 15,281 crore
-100.0%
5. Agriculture & Allied
Rs 12,500 crore
Rs 0
โ€”
6. Energy
Rs 10,500 crore
Rs 5,798 crore
+81.1%
7. Police
Rs 0
Rs 9,214 crore
-100.0%
8. Health & Family Welfare
Rs 7,800 crore
Rs 0
โ€”
9. Health and Family Welfare
Rs 0
Rs 7,787 crore
-100.0%
10. Rural Development
Rs 7,500 crore
Rs 2,858 crore
+162.4%
11. Police & Home
Rs 7,400 crore
Rs 0
โ€”
12. Social Welfare
Rs 6,000 crore
Rs 0
โ€”
13. Transport
Rs 0
Rs 5,153 crore
-100.0%
14. Transport & Roads
Rs 3,900 crore
Rs 0
โ€”
15. Urban Development
Rs 3,900 crore
Rs 2,945 crore
+32.4%

How Has Punjab's Budget Changed from 2026-27 to 2023-24?

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 2023-24 budget analysis or view all available comparisons.

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