Haryana State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2018-19
Haryana State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 67,500 crore
+12.1%
Total Expenditure
Rs 82,700 crore
+14.9%
Fiscal Deficit
1.9%
Rs 11,200 crore
Capital Expenditure
Rs 9,200 crore
+22.7%
Tax Revenue
Rs 43,200 crore
+12.2%
Interest Payments
Rs 8,400 crore
10% of expenditure
Haryana Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2018-19
The fiscal deficit for Haryana in 2018-19 is 1.9% of GSDP (Rs 11,200 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 8,400 crore consume 10.2% of total expenditure.
Haryana State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 81,500 crore | 100% |
| 1. Revenue Receipts | Rs 67,500 crore | 82.8% |
| a. Own Tax Revenue | Rs 43,200 crore | 53.0% |
| b. Non-Tax Revenue | Rs 9,600 crore | 11.8% |
| B. Total Expenditure | Rs 82,700 crore | 100% |
| 1. Revenue Expenditure | Rs 73,500 crore | 88.9% |
| 2. Capital Expenditure | Rs 9,200 crore | 11.1% |
| of which: Interest Payments | Rs 8,400 crore | 10.2% |
| C. Fiscal Deficit | Rs 11,200 crore | 1.9% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2018-19 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 1,00,000 crore โ crossing the one lakh crore mark for the first time.
- Gurugram remained India's corporate services capital with expanding fintech and startup ecosystem.
- Automobile sector at peak โ combined auto corridor output exceeded 2 million vehicles annually.
- Ayushman Bharat launched โ Haryana among early implementors with strong private hospital network.
- GST collections at Rs 17,000 crore โ growing at 12% annually from the manufacturing base.
- Education spending at Rs 14,000 crore with emphasis on skill development in non-NCR districts.
- Health allocation at Rs 6,500 crore โ AIIMS Manethi construction progressing.
- Capital expenditure at Rs 14,000 crore โ Dwarka Expressway and metro extensions prioritised.
- Real estate sector recovering with new township launches along Dwarka Expressway.
- Agricultural groundwater depletion becoming critical in Kurukshetra-Karnal-Kaithal belt.
- Stubble burning from Haryana contributing significantly to Delhi NCR winter pollution.
- Sports excellence โ Haryana athletes winning medals at Asian Games and Commonwealth events.
- IT/startup ecosystem in Gurugram competing with Bengaluru for venture capital investment.
- Fiscal deficit at 2.5% of GSDP โ comfortable within FRBM limits.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 72,000 crore | Rs 82,700 crore |
| Revenue Receipts | โ | โ | โ | Rs 60,200 crore | Rs 67,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 7,500 crore | Rs 9,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.0% | 1.9% |
| Own Tax Revenue | โ | โ | โ | Rs 38,500 crore | Rs 43,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2018-19
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