Haryana State Budget 2008-09 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2008-09
Haryana State Budget 2008-09 Budget at a Glance
Total Receipts
Rs 19,500 crore
+9.6%
Total Expenditure
Rs 27,600 crore
+21.1%
Fiscal Deficit
2.6%
Rs 4,400 crore
Capital Expenditure
Rs 4,200 crore
+16.7%
Tax Revenue
Rs 13,200 crore
+9.1%
Interest Payments
Rs 3,200 crore
12% of expenditure
Haryana Revenue Receipts 2008-09
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2008-09
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2008-09
The fiscal deficit for Haryana in 2008-09 is 2.6% of GSDP (Rs 4,400 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. Haryana is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 3,200 crore consume 11.6% of total expenditure.
Haryana State Budget 2008-09 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 26,200 crore | 100% |
| 1. Revenue Receipts | Rs 19,500 crore | 74.4% |
| a. Own Tax Revenue | Rs 13,200 crore | 50.4% |
| b. Non-Tax Revenue | Rs 3,100 crore | 11.8% |
| B. Total Expenditure | Rs 27,600 crore | 100% |
| 1. Revenue Expenditure | Rs 23,400 crore | 84.8% |
| 2. Capital Expenditure | Rs 4,200 crore | 15.2% |
| of which: Interest Payments | Rs 3,200 crore | 11.6% |
| C. Fiscal Deficit | Rs 4,400 crore | 2.6% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2008-09 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 32,000 crore as the global financial crisis impacted Haryana's industrial economy.
- Gurgaon IT and BPO sector experienced hiring freezes and project cancellations during the global downturn.
- Automobile manufacturing affected โ Maruti Suzuki reported production decline and worker tensions at Manesar.
- Sixth Pay Commission implementation added approximately Rs 3,000 crore in salary costs.
- Agricultural sector insulated from the crisis โ wheat and rice production remained stable.
- Real estate market in Gurgaon and Faridabad cooled significantly โ stamp duty collections declined.
- Education spending at Rs 5,000 crore โ Haryana maintained its above-average school infrastructure.
- Health allocation at Rs 2,500 crore โ limited expansion of public health capacity.
- Capital expenditure at Rs 5,000 crore โ KMP Expressway construction continued.
- Industrial unrest at Manesar auto plants reflected worker dissatisfaction with wage and conditions.
- Revenue decline from the NCR economic slowdown exposed Haryana's concentration risk.
- Commonwealth Games 2010 preparation driving infrastructure investment in sports facilities.
- Power sector losses growing as agricultural and domestic subsidies expanded.
- Fiscal deficit widened to 3.5% of GSDP due to Pay Commission costs and revenue decline.
Compare Haryana 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 22,800 crore | Rs 27,600 crore |
| Revenue Receipts | โ | โ | โ | Rs 17,800 crore | Rs 19,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 3,600 crore | Rs 4,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.1% | 2.6% |
| Own Tax Revenue | โ | โ | โ | Rs 12,100 crore | Rs 13,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2008-09
The Haryana 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.
Haryana 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 Haryana with other states
Side-by-side comparison of fiscal metrics across Indian states