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Punjab Budget โ€” 2024-25 vs 2025-26

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

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Budget Growth โ€” 2024-25 vs 2025-26

Total Expenditure

2024-25

Rs 1.35 lakh crore

2025-26

Rs 1.47 lakh crore

2024-25 is -7.9% lower
Total Receipts

2024-25

Rs 1.04 lakh crore

2025-26

Rs 1.12 lakh crore

2024-25 is -7.6% lower
Capital Expenditure

2024-25

Rs 7,445 crore

2025-26

Rs 10,244 crore

2024-25 is -27.3% lower
Tax Revenue

2024-25

Rs 58,900 crore

2025-26

Rs 64,800 crore

2024-25 is -9.1% lower
Fiscal Deficit (% GDP)

2024-25

3.8%

2025-26

3.8%

2024-25 is 0.0% lower
Interest Payments

2024-25

Rs 23,900 crore

2025-26

Rs 26,500 crore

2024-25 is -9.8% lower

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

Particulars2024-252025-26Difference
Total ReceiptsRs 1.04 lakh croreRs 1.12 lakh crore-7.6%
Tax Revenue (Net)Rs 58,900 croreRs 64,800 crore-9.1%
Non-Tax RevenueRs 11,246 croreRs 12,500 crore-10.0%
Total ExpenditureRs 1.35 lakh croreRs 1.47 lakh crore-7.9%
Revenue ExpenditureRs 1.27 lakh croreRs 1.36 lakh crore-6.8%
Capital ExpenditureRs 7,445 croreRs 10,244 crore-27.3%
Interest PaymentsRs 23,900 croreRs 26,500 crore-9.8%
Fiscal DeficitRs 30,465 croreRs 34,201 crore-10.9%
Fiscal Deficit (% of GDP)3.8%3.8%โ€”
Debt-to-GDP Ratio48.6%47.1%โ€”

Department Allocation Changes โ€” 2024-25 vs 2025-26

Which departments gained or lost budget share between 2025-26 and 2024-25

Department2024-252025-26Difference
1. Education
Rs 17,400 crore
Rs 19,200 crore
-9.4%
2. Agriculture & Allied
Rs 13,700 crore
Rs 15,500 crore
-11.6%
3. Energy
Rs 11,600 crore
Rs 12,800 crore
-9.4%
4. Health & Family Welfare
Rs 8,700 crore
Rs 10,100 crore
-13.9%
5. Rural Development
Rs 8,200 crore
Rs 9,500 crore
-13.7%
6. Police & Home
Rs 8,000 crore
Rs 9,100 crore
-12.1%
7. Social Welfare
Rs 6,550 crore
Rs 7,400 crore
-11.5%
8. Transport & Roads
Rs 4,500 crore
Rs 5,300 crore
-15.1%
9. Water Supply & Sanitation
Rs 4,500 crore
Rs 5,200 crore
-13.5%
10. Urban Development
Rs 4,300 crore
Rs 5,000 crore
-14.0%

How Has Punjab's Budget Changed from 2025-26 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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