Haryana State Budget 2017-18 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2017-18
Haryana State Budget 2017-18 Budget at a Glance
Total Receipts
Rs 60,200 crore
+11.9%
Total Expenditure
Rs 72,000 crore
+15.6%
Fiscal Deficit
2.0%
Rs 9,800 crore
Capital Expenditure
Rs 7,500 crore
+23.0%
Tax Revenue
Rs 38,500 crore
+14.6%
Interest Payments
Rs 7,600 crore
11% of expenditure
Haryana Revenue Receipts 2017-18
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2017-18
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2017-18
The fiscal deficit for Haryana in 2017-18 is 2.0% of GSDP (Rs 9,800 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 7,600 crore consume 10.6% of total expenditure.
Haryana State Budget 2017-18 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 72,200 crore | 100% |
| 1. Revenue Receipts | Rs 60,200 crore | 83.4% |
| a. Own Tax Revenue | Rs 38,500 crore | 53.3% |
| b. Non-Tax Revenue | Rs 8,800 crore | 12.2% |
| B. Total Expenditure | Rs 72,000 crore | 100% |
| 1. Revenue Expenditure | Rs 64,500 crore | 89.6% |
| 2. Capital Expenditure | Rs 7,500 crore | 10.4% |
| of which: Interest Payments | Rs 7,600 crore | 10.6% |
| C. Fiscal Deficit | Rs 9,800 crore | 2.0% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2017-18 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 90,000 crore reflecting continued NCR-driven economic expansion.
- Gurugram metro extension and Dwarka Expressway construction advancing โ improving Delhi connectivity.
- Automobile sector booming โ Maruti Suzuki Manesar producing 1.7 million vehicles annually.
- Khattar government launched Beti Bachao, Beti Padhao from Haryana โ sex ratio improvement beginning.
- GST collections stabilising at approximately Rs 15,000 crore โ among the highest per-capita in India.
- Education spending at Rs 13,000 crore with skill development centres in non-NCR districts.
- Health allocation at Rs 6,000 crore โ Ayushman Bharat preparation underway.
- Capital expenditure at Rs 13,000 crore โ highway expansion and industrial township development.
- Real estate development expanding beyond Gurugram to Sonipat, Karnal, and Panchkula.
- KMP Expressway fully operational โ attracting industrial development along the corridor.
- Sports infrastructure at Rs 1,200 crore โ Haryana ranked as India's top medal-producing state.
- Agricultural output stable but groundwater crisis intensifying in rice-growing northeastern districts.
- Dera Sacha Sauda violence (August 2017) caused significant security deployment and damages.
- IT sector employment in Gurugram crossed 5 lakh โ making it India's third-largest IT employer.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 62,300 crore | Rs 72,000 crore |
| Revenue Receipts | โ | โ | โ | Rs 53,800 crore | Rs 60,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 6,100 crore | Rs 7,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.0% | 2.0% |
| Own Tax Revenue | โ | โ | โ | Rs 33,600 crore | Rs 38,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2017-18
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