Delhi State Budget 2007-08 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Delhi FY 2007-08
Delhi State Budget 2007-08 Budget at a Glance
Total Receipts
Rs 15,500 crore
+19.2%
Total Expenditure
Rs 18,200 crore
+14.5%
Fiscal Deficit
1.1%
Rs 2,000 crore
Capital Expenditure
Rs 3,000 crore
+25.0%
Tax Revenue
Rs 10,800 crore
+17.4%
Interest Payments
Rs 800 crore
4% of expenditure
Delhi Revenue Receipts 2007-08
Own tax revenue vs non-tax revenue breakdown
Delhi Expenditure Breakdown 2007-08
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Delhi 2007-08
The fiscal deficit for Delhi in 2007-08 is 1.1% of GSDP (Rs 2,000 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. Delhi is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 800 crore consume 4.4% of total expenditure.
Delhi State Budget 2007-08 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 19,800 crore | 100% |
| 1. Revenue Receipts | Rs 15,500 crore | 78.3% |
| a. Own Tax Revenue | Rs 10,800 crore | 54.5% |
| b. Non-Tax Revenue | Rs 700 crore | 3.5% |
| B. Total Expenditure | Rs 18,200 crore | 100% |
| 1. Revenue Expenditure | Rs 15,200 crore | 83.5% |
| 2. Capital Expenditure | Rs 3,000 crore | 16.5% |
| of which: Interest Payments | Rs 800 crore | 4.4% |
| C. Fiscal Deficit | Rs 2,000 crore | 1.1% of GSDP |
Source: Delhi State Budget Documents via PRS India. All figures in Indian Rupees.
Delhi Budget 2007-08 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 18,200 crore with CWG infrastructure spending at full speed
- Revenue receipts at Rs 15,500 crore with own tax revenue at Rs 10,800 crore โ robust growth
- Revenue deficit of Rs 300 crore as tax revenue nearly covers all current expenditure
- Fiscal deficit at 1.1% of GSDP (Rs 2,000 crore), maintained at conservative levels
- Capital expenditure at Rs 3,000 crore for Metro, CWG venues, and flyover construction
- Total outstanding debt at Rs 4,800 crore with debt-to-GSDP at 2.6%
- Interest payments at Rs 800 crore absorb only 5.2% of revenue receipts
- GSDP at Rs 1,85,000 crore reflecting India national capital economic dynamism
- Non-tax revenue at Rs 700 crore from administrative fees and minor Central grants
- Market borrowings at Rs 1,800 crore fund the CWG-driven infrastructure push
- Delhi Metro Phase II corridors under construction across the city
- Delhi emerging as commercial hub with mall development and retail expansion
Compare Delhi Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 15,900 crore | Rs 18,200 crore |
| Revenue Receipts | โ | โ | โ | Rs 13,000 crore | Rs 15,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,400 crore | Rs 3,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 1.3% | 1.1% |
| Own Tax Revenue | โ | โ | โ | Rs 9,200 crore | Rs 10,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Delhi State Budget 2007-08
The Delhi 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.
Delhi 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 Delhi with other states
Side-by-side comparison of fiscal metrics across Indian states