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Punjab Budget โ€” 2024-25 vs 2023-24

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

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Budget Growth โ€” 2024-25 vs 2023-24

Total Expenditure

2024-25

Rs 1.35 lakh crore

2023-24

Rs 1.29 lakh crore

2024-25 is +4.3% higher
Total Receipts

2024-25

Rs 1.04 lakh crore

2023-24

Rs 98,940 crore

2024-25 is +5.0% higher
Capital Expenditure

2024-25

Rs 7,445 crore

2023-24

Rs 6,406 crore

2024-25 is +16.2% higher
Tax Revenue

2024-25

Rs 58,900 crore

2023-24

Rs 51,400 crore

2024-25 is +14.6% higher
Fiscal Deficit (% GDP)

2024-25

3.8%

2023-24

4.1%

2024-25 is -7.3% lower
Interest Payments

2024-25

Rs 23,900 crore

2023-24

Rs 22,500 crore

2024-25 is +6.2% higher

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

Particulars2024-252023-24Difference
Total ReceiptsRs 1.04 lakh croreRs 98,940 crore+5.0%
Tax Revenue (Net)Rs 58,900 croreRs 51,400 crore+14.6%
Non-Tax RevenueRs 11,246 croreRs 10,051 crore+11.9%
Total ExpenditureRs 1.35 lakh croreRs 1.29 lakh crore+4.3%
Revenue ExpenditureRs 1.27 lakh croreRs 1.23 lakh crore+3.6%
Capital ExpenditureRs 7,445 croreRs 6,406 crore+16.2%
Interest PaymentsRs 23,900 croreRs 22,500 crore+6.2%
Fiscal DeficitRs 30,465 croreRs 30,311 crore+0.5%
Fiscal Deficit (% of GDP)3.8%4.1%โ€”
Debt-to-GDP Ratio48.6%49.6%โ€”

Department Allocation Changes โ€” 2024-25 vs 2023-24

Which departments gained or lost budget share between 2023-24 and 2024-25

Department2024-252023-24Difference
1. Education
Rs 17,400 crore
Rs 15,800 crore
+10.1%
2. Agriculture & Allied
Rs 13,700 crore
Rs 12,500 crore
+9.6%
3. Energy
Rs 11,600 crore
Rs 10,500 crore
+10.5%
4. Health & Family Welfare
Rs 8,700 crore
Rs 7,800 crore
+11.5%
5. Rural Development
Rs 8,200 crore
Rs 7,500 crore
+9.3%
6. Police & Home
Rs 8,000 crore
Rs 7,400 crore
+8.1%
7. Social Welfare
Rs 6,550 crore
Rs 6,000 crore
+9.2%
8. Water Supply & Sanitation
Rs 4,500 crore
Rs 3,800 crore
+18.4%
9. Transport & Roads
Rs 4,500 crore
Rs 3,900 crore
+15.4%
10. Urban Development
Rs 4,300 crore
Rs 3,900 crore
+10.3%

How Has Punjab's Budget Changed from 2023-24 to 2024-25?

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 2024-25 budget analysis or view all available comparisons.

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