Haryana State Budget 2021-22 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2021-22
Haryana State Budget 2021-22 Budget at a Glance
Total Receipts
Rs 82,000 crore
+19.7%
Total Expenditure
Rs 1.1 lakh crore
+12.2%
Fiscal Deficit
3.0%
Rs 24,500 crore
Capital Expenditure
Rs 14,500 crore
+16.0%
Tax Revenue
Rs 51,200 crore
+27.4%
Interest Payments
Rs 12,500 crore
11% of expenditure
Haryana Revenue Receipts 2021-22
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2021-22
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2021-22
The fiscal deficit for Haryana in 2021-22 is 3.0% of GSDP (Rs 24,500 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 12,500 crore consume 11.3% of total expenditure.
Haryana State Budget 2021-22 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.04 lakh crore | 100% |
| 1. Revenue Receipts | Rs 82,000 crore | 78.8% |
| a. Own Tax Revenue | Rs 51,200 crore | 49.2% |
| b. Non-Tax Revenue | Rs 11,500 crore | 11.1% |
| B. Total Expenditure | Rs 1.1 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 96,000 crore | 86.9% |
| 2. Capital Expenditure | Rs 14,500 crore | 13.1% |
| of which: Interest Payments | Rs 12,500 crore | 11.3% |
| C. Fiscal Deficit | Rs 24,500 crore | 3.0% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2021-22 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 1,30,000 crore as post-pandemic economic recovery strengthened Haryana's revenues.
- Gurugram IT and startup sector surged โ work-from-home transition drove demand for flexible workspace.
- Automobile production recovered to pre-pandemic levels โ Maruti Suzuki Manesar at full capacity.
- Farm protests concluded in November 2021 with central government repealing the three farm laws.
- GST collections at Rs 22,000 crore โ strong growth from manufacturing and services recovery.
- Education spending at Rs 17,000 crore with remediation programmes for COVID learning losses.
- Health allocation at Rs 8,000 crore โ AIIMS Manethi partially operational.
- Capital expenditure at Rs 15,000 crore โ Dwarka Expressway approaching completion.
- Real estate boom in Gurugram โ residential and commercial prices reaching record levels.
- Stamp duty collections at Rs 8,000 crore โ driven by NCR property market surge.
- Sports spending at Rs 1,500 crore โ Tokyo Olympics medals by Haryana athletes celebrated.
- Agricultural production maintained โ paddy area expansion increasing despite water concerns.
- Khattar government expanded Parivar Pehchan Patra (family ID) for targeted welfare delivery.
- Fiscal deficit returned to 2.5% of GSDP โ revenue recovery enabling fiscal consolidation.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 98,500 crore | Rs 1.1 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 68,500 crore | Rs 82,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 12,500 crore | Rs 14,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.9% | 3.0% |
| Own Tax Revenue | โ | โ | โ | Rs 40,200 crore | Rs 51,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2021-22
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