Delhi State Budget 2008-09 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Delhi FY 2008-09
Delhi State Budget 2008-09 Budget at a Glance
Total Receipts
Rs 17,200 crore
+11.0%
Total Expenditure
Rs 21,800 crore
+19.8%
Fiscal Deficit
1.6%
Rs 3,500 crore
Capital Expenditure
Rs 3,800 crore
+26.7%
Tax Revenue
Rs 11,800 crore
+9.3%
Interest Payments
Rs 900 crore
4% of expenditure
Delhi Revenue Receipts 2008-09
Own tax revenue vs non-tax revenue breakdown
Delhi Expenditure Breakdown 2008-09
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Delhi 2008-09
The fiscal deficit for Delhi in 2008-09 is 1.6% of GSDP (Rs 3,500 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 900 crore consume 4.1% of total expenditure.
Delhi State Budget 2008-09 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 23,500 crore | 100% |
| 1. Revenue Receipts | Rs 17,200 crore | 73.2% |
| a. Own Tax Revenue | Rs 11,800 crore | 50.2% |
| b. Non-Tax Revenue | Rs 750 crore | 3.2% |
| B. Total Expenditure | Rs 21,800 crore | 100% |
| 1. Revenue Expenditure | Rs 18,000 crore | 82.6% |
| 2. Capital Expenditure | Rs 3,800 crore | 17.4% |
| of which: Interest Payments | Rs 900 crore | 4.1% |
| C. Fiscal Deficit | Rs 3,500 crore | 1.6% of GSDP |
Source: Delhi State Budget Documents via PRS India. All figures in Indian Rupees.
Delhi Budget 2008-09 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 21,800 crore with CWG spending reaching peak construction phase
- Revenue receipts at Rs 17,200 crore with own tax revenue at Rs 11,800 crore
- Revenue deficit of Rs 800 crore as CWG and Sixth Pay Commission costs inflate spending
- Fiscal deficit at 1.6% of GSDP (Rs 3,500 crore), widening with CWG capital requirements
- Capital expenditure surges to Rs 3,800 crore for CWG venues, Metro, and urban infrastructure
- Total outstanding debt at Rs 6,500 crore with debt-to-GSDP at 3.0%
- Interest payments at Rs 900 crore manageable despite growing debt stock
- Market borrowings at Rs 3,000 crore to fund the CWG infrastructure programme
- GSDP at Rs 2,18,000 crore with the global financial crisis showing initial impact
- Sixth Pay Commission implementation adds substantially to the salary bill
- CWG venues including Jawaharlal Nehru Stadium under intensive construction
- Global financial crisis begins affecting Delhi commercial real estate market
Compare Delhi Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 18,200 crore | Rs 21,800 crore |
| Revenue Receipts | โ | โ | โ | Rs 15,500 crore | Rs 17,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 3,000 crore | Rs 3,800 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 1.1% | 1.6% |
| Own Tax Revenue | โ | โ | โ | Rs 10,800 crore | Rs 11,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Delhi State Budget 2008-09
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