Chhattisgarh State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Chhattisgarh FY 2023-24
Chhattisgarh State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 1.11 lakh crore
+54.7%
Total Expenditure
Rs 1.48 lakh crore
+64.8%
Fiscal Deficit
6.5%
Rs 33,062 crore
Capital Expenditure
Rs 21,259 crore
+41.7%
Tax Revenue
Rs 40,600 crore
+24.9%
Interest Payments
Rs 7,042 crore
5% of expenditure
Chhattisgarh Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Chhattisgarh 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 Chhattisgarh 2023-24
The fiscal deficit for Chhattisgarh in 2023-24 is 6.5% of GSDP (Rs 33,062 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. Chhattisgarh's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 7,042 crore consume 4.7% of total expenditure.
Chhattisgarh State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.56 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.11 lakh crore | 71.3% |
| a. Own Tax Revenue | Rs 40,600 crore | 26.0% |
| b. Non-Tax Revenue | Rs 18,400 crore | 11.8% |
| B. Total Expenditure | Rs 1.48 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.27 lakh crore | 85.7% |
| 2. Capital Expenditure | Rs 21,259 crore | 14.3% |
| of which: Interest Payments | Rs 7,042 crore | 4.7% |
| C. Fiscal Deficit | Rs 33,062 crore | 6.5% of GSDP |
Source: Chhattisgarh State Budget Documents via PRS India. All figures in Indian Rupees.
Chhattisgarh Department-wise Expenditure 2023-24
Top departments by allocation in Chhattisgarh for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 15,500 crore | Rs 1,800 crore | Rs 17,300 crore | 11.7% |
2. Rural Development | Rs 11,000 crore | Rs 2,800 crore | Rs 13,800 crore | 9.3% |
3. Agriculture & Allied | Rs 11,500 crore | Rs 2,200 crore | Rs 13,700 crore | 9.2% |
4. Health & Family Welfare | Rs 7,200 crore | Rs 1,900 crore | Rs 9,100 crore | 6.1% |
5. Energy | Rs 7,000 crore | Rs 1,700 crore | Rs 8,700 crore | 5.9% |
6. Transport & Roads | Rs 3,700 crore | Rs 3,500 crore | Rs 7,200 crore | 4.9% |
7. Social Welfare | Rs 6,000 crore | Rs 600 crore | Rs 6,600 crore | 4.5% |
8. Water Supply & Sanitation | Rs 2,800 crore | Rs 2,800 crore | Rs 5,600 crore | 3.8% |
9. Police & Home | Rs 4,800 crore | Rs 700 crore | Rs 5,500 crore | 3.7% |
10. Urban Development | Rs 3,200 crore | Rs 1,500 crore | Rs 4,700 crore | 3.2% |
Chhattisgarh Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 1,48,612 crore, overshooting original budget by over Rs 10,000 crore
- Revenue receipts revised to Rs 1,11,550 crore, below initial projections
- Revenue deficit of Rs 15,670 crore โ a significant deterioration from budgeted surplus
- Fiscal deficit widened to 6.5% of GSDP (Rs 33,062 crore), well above FRBM ceiling
- Election-year spending drove up subsidies, paddy procurement bonuses, and welfare transfers
- Capital expenditure maintained at Rs 21,259 crore despite revenue pressure
- Tax revenue underperformance at Rs 40,600 crore versus budgeted Rs 49,700 crore
- Market borrowings surged to Rs 28,000 crore to plug the widening fiscal gap
- Primary deficit at Rs 26,021 crore signals heavy non-interest borrowing requirement
- Mining revenue cushioned the shortfall with non-tax receipts at Rs 18,400 crore
- Total debt at Rs 1,30,000 crore with debt-to-GSDP at 25.7%
- GSDP at Rs 5,05,887 crore โ moderate growth amid global commodity price fluctuations
Compare Chhattisgarh 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 90,000 crore | Rs 1.48 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 72,000 crore | Rs 1.11 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 15,000 crore | Rs 21,259 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.5% | 6.5% |
| Own Tax Revenue | โ | โ | โ | Rs 32,500 crore | Rs 40,600 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Chhattisgarh State Budget 2023-24
The Chhattisgarh 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.
Chhattisgarh 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.
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Compare Chhattisgarh with other states
Side-by-side comparison of fiscal metrics across Indian states