Assam State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Assam FY 2023-24
Assam State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 1.17 lakh crore
+37.7%
Total Expenditure
Rs 1.5 lakh crore
+36.2%
Fiscal Deficit
5.2%
Rs 29,655 crore
Capital Expenditure
Rs 31,399 crore
+42.7%
Tax Revenue
Rs 30,113 crore
+9.5%
Interest Payments
Rs 8,815 crore
6% of expenditure
Assam Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Assam Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Assam 2023-24
The fiscal deficit for Assam in 2023-24 is 5.2% of GSDP (Rs 29,655 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Assam's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 8,815 crore consume 5.9% of total expenditure.
Assam State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.65 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.17 lakh crore | 70.8% |
| a. Own Tax Revenue | Rs 30,113 crore | 18.2% |
| b. Non-Tax Revenue | Rs 7,124 crore | 4.3% |
| B. Total Expenditure | Rs 1.5 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.18 lakh crore | 79.0% |
| 2. Capital Expenditure | Rs 31,399 crore | 21.0% |
| of which: Interest Payments | Rs 8,815 crore | 5.9% |
| C. Fiscal Deficit | Rs 29,655 crore | 5.2% of GSDP |
Source: Assam State Budget Documents via PRS India. All figures in Indian Rupees.
Assam Department-wise Expenditure 2023-24
Top departments by allocation in Assam for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 15,000 crore | Rs 2,000 crore | Rs 17,000 crore | 11.3% |
2. Rural Development | Rs 10,000 crore | Rs 4,500 crore | Rs 14,500 crore | 9.7% |
3. Health & Family Welfare | Rs 7,000 crore | Rs 2,800 crore | Rs 9,800 crore | 6.5% |
4. Transport & Roads | Rs 3,200 crore | Rs 5,200 crore | Rs 8,400 crore | 5.6% |
5. Agriculture & Allied | Rs 5,800 crore | Rs 1,500 crore | Rs 7,300 crore | 4.9% |
6. Water Resources & Flood Control | Rs 2,800 crore | Rs 4,000 crore | Rs 6,800 crore | 4.5% |
7. Energy | Rs 4,500 crore | Rs 1,800 crore | Rs 6,300 crore | 4.2% |
8. Police & Home | Rs 5,400 crore | Rs 800 crore | Rs 6,200 crore | 4.1% |
9. Urban Development | Rs 3,200 crore | Rs 2,000 crore | Rs 5,200 crore | 3.5% |
10. Social Welfare | Rs 4,500 crore | Rs 700 crore | Rs 5,200 crore | 3.5% |
Assam Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 1,49,833 crore โ significantly above original estimates
- Revenue receipts at Rs 1,17,038 crore with tax collections of Rs 30,113 crore
- Revenue deficit of Rs 1,396 crore as expenditure overshot receipts
- Fiscal deficit surged to 5.2% of GSDP (Rs 29,655 crore), breaching FRBM ceiling
- Capital expenditure elevated at Rs 31,399 crore โ highest in state history
- Severe Assam floods in 2023 required emergency spending and rehabilitation
- Market borrowings at Rs 32,000 crore to fund widened deficit
- Primary deficit at Rs 20,840 crore โ heavy non-interest borrowing requirement
- Tea industry faced quality and price challenges amid global oversupply
- Outstanding debt at Rs 1,47,000 crore, debt-to-GSDP at 25.8%
- Interest payments at Rs 8,815 crore โ 7.5% of receipts
- GSDP at Rs 5,70,243 crore with flood impact on agricultural output
Compare Assam Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.1 lakh crore | Rs 1.5 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 85,000 crore | Rs 1.17 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 22,000 crore | Rs 31,399 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.7% | 5.2% |
| Own Tax Revenue | โ | โ | โ | Rs 27,500 crore | Rs 30,113 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Assam State Budget 2023-24
The Assam state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Assam Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
Explore More
Compare Assam with other states
Side-by-side comparison of fiscal metrics across Indian states