Haryana State Budget 2020-21 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2020-21
Haryana State Budget 2020-21 Budget at a Glance
Total Receipts
Rs 68,500 crore
-4.6%
Total Expenditure
Rs 98,500 crore
+6.1%
Fiscal Deficit
3.9%
Rs 26,000 crore
Capital Expenditure
Rs 12,500 crore
+15.7%
Tax Revenue
Rs 40,200 crore
-9.7%
Interest Payments
Rs 11,000 crore
11% of expenditure
Haryana Revenue Receipts 2020-21
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2020-21
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2020-21
The fiscal deficit for Haryana in 2020-21 is 3.9% of GSDP (Rs 26,000 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's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 11,000 crore consume 11.2% of total expenditure.
Haryana State Budget 2020-21 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 90,500 crore | 100% |
| 1. Revenue Receipts | Rs 68,500 crore | 75.7% |
| a. Own Tax Revenue | Rs 40,200 crore | 44.4% |
| b. Non-Tax Revenue | Rs 9,800 crore | 10.8% |
| B. Total Expenditure | Rs 98,500 crore | 100% |
| 1. Revenue Expenditure | Rs 86,000 crore | 87.3% |
| 2. Capital Expenditure | Rs 12,500 crore | 12.7% |
| of which: Interest Payments | Rs 11,000 crore | 11.2% |
| C. Fiscal Deficit | Rs 26,000 crore | 3.9% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2020-21 Analysis & Highlights
Key Highlights
- COVID-19 and farmers' protest at Delhi borders created dual disruption.
- Gurugram's IT and corporate sector shifted to work-from-home, reducing local economic activity.
- Auto sector shutdown โ Maruti Suzuki halted production for two months.
- Revenue decline of approximately 12-15% from pre-COVID levels.
- Farmers' protest blockade at Singhu and Tikri borders disrupted Delhi-Haryana commerce.
- Health system leveraged private hospital capacity in Gurugram for COVID response.
- Fiscal deficit widened as borrowing increased under enhanced limits.
- Capital expenditure compressed as construction activity halted.
- Agricultural production unaffected โ normal monsoon and crop output.
- Pandemic exposed regional health infrastructure gaps beyond NCR corridor.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 92,800 crore | Rs 98,500 crore |
| Revenue Receipts | โ | โ | โ | Rs 71,800 crore | Rs 68,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 10,800 crore | Rs 12,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.6% | 3.9% |
| Own Tax Revenue | โ | โ | โ | Rs 44,500 crore | Rs 40,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2020-21
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