Haryana State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2015-16
Haryana State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 48,500 crore
(excl. borrowings)
Total Expenditure
Rs 55,000 crore
Fiscal Deficit
1.7%
Rs 6,500 crore
Capital Expenditure
Rs 5,200 crore
Tax Revenue
Rs 30,200 crore
Net to Centre
Interest Payments
Rs 5,900 crore
11% of expenditure
Haryana Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2015-16
The fiscal deficit for Haryana in 2015-16 is 1.7% of GSDP (Rs 6,500 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. Haryana is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 5,900 crore consume 10.7% of total expenditure.
Haryana State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 56,500 crore | 100% |
| 1. Revenue Receipts | Rs 48,500 crore | 85.8% |
| a. Own Tax Revenue | Rs 30,200 crore | 53.5% |
| b. Non-Tax Revenue | Rs 7,800 crore | 13.8% |
| B. Total Expenditure | Rs 55,000 crore | 100% |
| 1. Revenue Expenditure | Rs 49,800 crore | 90.5% |
| 2. Capital Expenditure | Rs 5,200 crore | 9.5% |
| of which: Interest Payments | Rs 5,900 crore | 10.7% |
| C. Fiscal Deficit | Rs 6,500 crore | 1.7% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2015-16 Analysis & Highlights
Key Highlights
- BJP government under Manohar Lal Khattar in first full year โ focus on industrial development.
- Gurugram corporate expansion accelerating โ major MNC headquarters relocating from Delhi.
- Auto sector thriving โ Maruti Suzuki domestic sales growing at 10% annually.
- Per-capita income among India's top 5 states.
- Agriculture diversification beginning โ horticulture in Karnal and Ambala districts.
- Fiscal deficit within FRBM limits with moderate debt-to-GSDP around 22%.
- Real estate boom in Gurugram with DLF, Unitech, and IREO developments.
- Panipat and Hisar emerging as secondary industrial centres.
- Education system adequate but quality variation across districts.
- KMP Expressway under construction โ expected to transform logistics.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 55,000 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 48,500 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 5,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 1.7% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 30,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2015-16
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.
Explore More
Compare Haryana with other states
Side-by-side comparison of fiscal metrics across Indian states