Gujarat State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2024-25
Gujarat State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 2.33 lakh crore
+4.1%
Total Expenditure
Rs 2.84 lakh crore
+14.6%
Fiscal Deficit
1.9%
Rs 50,570 crore
Capital Expenditure
Rs 71,921 crore
+26.2%
Tax Revenue
Rs 1.12 lakh crore
+7.7%
Interest Payments
Rs 28,570 crore
10% of expenditure
Gujarat Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Gujarat 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 Gujarat 2024-25
The fiscal deficit for Gujarat in 2024-25 is 1.9% of GSDP (Rs 50,570 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. Gujarat is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 28,570 crore consume 10.1% of total expenditure.
Gujarat State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3.09 lakh crore | 100% |
| 1. Revenue Receipts | Rs 2.33 lakh crore | 75.4% |
| a. Own Tax Revenue | Rs 1.12 lakh crore | 36.2% |
| b. Non-Tax Revenue | Rs 13,500 crore | 4.4% |
| B. Total Expenditure | Rs 2.84 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 2.12 lakh crore | 74.7% |
| 2. Capital Expenditure | Rs 71,921 crore | 25.3% |
| of which: Interest Payments | Rs 28,570 crore | 10.1% |
| C. Fiscal Deficit | Rs 50,570 crore | 1.9% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Department-wise Expenditure 2024-25
Top departments by allocation in Gujarat for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 33,000 crore | Rs 4,000 crore | Rs 37,000 crore | 13.0% |
2. Transport & Roads | Rs 7,000 crore | Rs 15,000 crore | Rs 22,000 crore | 7.7% |
3. Health & Family Welfare | Rs 16,000 crore | Rs 3,500 crore | Rs 19,500 crore | 6.9% |
4. Rural Development | Rs 14,000 crore | Rs 4,000 crore | Rs 18,000 crore | 6.3% |
5. Water Supply & Sanitation | Rs 7,000 crore | Rs 10,000 crore | Rs 17,000 crore | 6.0% |
6. Energy | Rs 12,000 crore | Rs 3,500 crore | Rs 15,500 crore | 5.5% |
7. Agriculture & Allied | Rs 12,000 crore | Rs 2,500 crore | Rs 14,500 crore | 5.1% |
8. Urban Development | Rs 8,000 crore | Rs 5,000 crore | Rs 13,000 crore | 4.6% |
9. Police & Home | Rs 10,500 crore | Rs 1,500 crore | Rs 12,000 crore | 4.2% |
10. Water Resources & Irrigation | Rs 4,500 crore | Rs 7,000 crore | Rs 11,500 crore | 4.1% |
Gujarat Budget 2024-25 Analysis & Highlights
Key Highlights
- Gujarat Budget 2024-25 estimated total expenditure at Rs 2.9 lakh crore, up 11% from prior year.
- Vibrant Gujarat summit 2024 generated Rs 7.5 lakh crore in investment MoU commitments.
- Capital expenditure maintained above Rs 55,000 crore for the third consecutive year.
- GIFT City IFSC attracted 30 international financial institutions with Rs 3,000 crore in operations.
- State GST collections projected at Rs 82,000 crore with 12% growth target.
- Narmada canal Phase 2 extension to Kutch reached 60% physical completion at Rs 8,000 crore.
- Ahmedabad-Dholera Expressway and Ahmedabad Metro received combined Rs 6,000 crore allocation.
- Diamond industry in Surat processed $24 billion worth of rough diamonds, driving export revenues.
- Fiscal deficit at 1.8% of GSDP, among the most disciplined in India.
- Healthcare spending of Rs 12,000 crore included expansion of Mukhyamantri Amrutum health insurance.
- Renewable energy capacity crossed 20 GW, making Gujarat India's third-largest RE state.
Compare Gujarat 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 2.48 lakh crore | Rs 2.84 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 2.24 lakh crore | Rs 2.33 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 56,971 crore | Rs 71,921 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 1.0% | 1.9% |
| Own Tax Revenue | โ | โ | โ | Rs 1.04 lakh crore | Rs 1.12 lakh crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2024-25
The Gujarat 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.
Gujarat 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 Gujarat with other states
Side-by-side comparison of fiscal metrics across Indian states