Assam State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Assam FY 2024-25
Assam State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 1.12 lakh crore
-4.4%
Total Expenditure
Rs 1.37 lakh crore
-8.8%
Fiscal Deficit
3.5%
Rs 22,534 crore
Capital Expenditure
Rs 26,596 crore
-15.3%
Tax Revenue
Rs 34,148 crore
+13.4%
Interest Payments
Rs 9,597 crore
7% of expenditure
Assam Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Assam Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Assam 2024-25
The fiscal deficit for Assam in 2024-25 is 3.5% of GSDP (Rs 22,534 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 is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 9,597 crore consume 7.0% of total expenditure.
Assam State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.44 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.12 lakh crore | 78.0% |
| a. Own Tax Revenue | Rs 34,148 crore | 23.8% |
| b. Non-Tax Revenue | Rs 8,871 crore | 6.2% |
| B. Total Expenditure | Rs 1.37 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.1 lakh crore | 80.5% |
| 2. Capital Expenditure | Rs 26,596 crore | 19.5% |
| of which: Interest Payments | Rs 9,597 crore | 7.0% |
| C. Fiscal Deficit | Rs 22,534 crore | 3.5% of GSDP |
Source: Assam State Budget Documents via PRS India. All figures in Indian Rupees.
Assam Department-wise Expenditure 2024-25
Top departments by allocation in Assam for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 16,000 crore | Rs 2,200 crore | Rs 18,200 crore | 13.3% |
2. Rural Development | Rs 10,500 crore | Rs 3,800 crore | Rs 14,300 crore | 10.5% |
3. Health & Family Welfare | Rs 7,500 crore | Rs 2,400 crore | Rs 9,900 crore | 7.2% |
4. Transport & Roads | Rs 3,500 crore | Rs 4,700 crore | Rs 8,200 crore | 6.0% |
5. Agriculture & Allied | Rs 6,200 crore | Rs 1,500 crore | Rs 7,700 crore | 5.6% |
6. Police & Home | Rs 5,800 crore | Rs 900 crore | Rs 6,700 crore | 4.9% |
7. Water Resources & Flood Control | Rs 3,000 crore | Rs 3,500 crore | Rs 6,500 crore | 4.8% |
8. Energy | Rs 4,800 crore | Rs 1,700 crore | Rs 6,500 crore | 4.8% |
9. Social Welfare | Rs 4,800 crore | Rs 700 crore | Rs 5,500 crore | 4.0% |
10. Urban Development | Rs 3,500 crore | Rs 1,900 crore | Rs 5,400 crore | 4.0% |
Assam Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 1,36,699 crore with balanced development approach
- Revenue receipts of Rs 1,11,944 crore with Rs 34,148 crore from own taxes
- Slim revenue surplus of Rs 1,852 crore after years of deficit
- Fiscal deficit at 3.5% of GSDP (Rs 22,534 crore), within enhanced borrowing limits
- Capital expenditure at Rs 26,596 crore focused on connectivity and flood management
- Tea plantation modernisation and worker welfare programmes budgeted
- Non-tax revenue at Rs 8,871 crore including petroleum royalties
- Flood management allocation of Rs 6,500 crore for embankments and erosion control
- Outstanding debt at Rs 1,62,000 crore, debt-to-GSDP at 25.2%
- Interest payments at Rs 9,597 crore โ steady but growing debt service burden
- Act East Policy-linked infrastructure for NE connectivity receives priority
- GSDP at Rs 6,43,089 crore with steady 12% nominal growth
Compare Assam Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.5 lakh crore | Rs 1.37 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.17 lakh crore | Rs 1.12 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 31,399 crore | Rs 26,596 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 5.2% | 3.5% |
| Own Tax Revenue | โ | โ | โ | Rs 30,113 crore | Rs 34,148 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Assam State Budget 2024-25
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