Haryana State Budget 2022-23 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2022-23
Haryana State Budget 2022-23 Budget at a Glance
Total Receipts
Rs 95,500 crore
+16.5%
Total Expenditure
Rs 1.26 lakh crore
+14.0%
Fiscal Deficit
2.9%
Rs 26,500 crore
Capital Expenditure
Rs 18,000 crore
+24.1%
Tax Revenue
Rs 59,800 crore
+16.8%
Interest Payments
Rs 14,000 crore
11% of expenditure
Haryana Revenue Receipts 2022-23
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2022-23
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Haryana 2022-23
The fiscal deficit for Haryana in 2022-23 is 2.9% of GSDP (Rs 26,500 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 14,000 crore consume 11.1% of total expenditure.
Haryana State Budget 2022-23 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.22 lakh crore | 100% |
| 1. Revenue Receipts | Rs 95,500 crore | 78.6% |
| a. Own Tax Revenue | Rs 59,800 crore | 49.2% |
| b. Non-Tax Revenue | Rs 13,200 crore | 10.9% |
| B. Total Expenditure | Rs 1.26 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.08 lakh crore | 85.7% |
| 2. Capital Expenditure | Rs 18,000 crore | 14.3% |
| of which: Interest Payments | Rs 14,000 crore | 11.1% |
| C. Fiscal Deficit | Rs 26,500 crore | 2.9% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Budget 2022-23 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 1,42,000 crore โ highest in Haryana's history.
- Gurugram at full economic capacity โ Dwarka Expressway operational transforming connectivity.
- GST collections at Rs 25,000 crore โ among the highest per-capita in India.
- Automobile sector strong โ electric vehicle manufacturing emerging along the auto corridor.
- Real estate at record levels โ new townships along Dwarka Expressway and KMP corridor.
- Education spending at Rs 18,000 crore with digital classroom expansion across districts.
- Health allocation at Rs 9,000 crore โ AIIMS Manethi expanding operations.
- Capital expenditure at Rs 17,000 crore โ highway expansion and metro extensions.
- Stamp duty collections at Rs 10,000 crore โ driven by the NCR property supercycle.
- Agricultural sector stable but groundwater depletion crisis intensifying.
- Sports spending at Rs 2,000 crore โ preparing for 2024 Olympics with enhanced training.
- Fiscal deficit at 2.3% of GSDP โ strong revenue enabling comfortable fiscal management.
- IT sector employment in Gurugram approaching 6 lakh โ second only to Bengaluru per capita.
- Manohar Lal Khattar replaced by Nayab Singh Saini as CM in March 2024 ahead of elections.
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.1 lakh crore | Rs 1.26 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 82,000 crore | Rs 95,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 14,500 crore | Rs 18,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.0% | 2.9% |
| Own Tax Revenue | โ | โ | โ | Rs 51,200 crore | Rs 59,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2022-23
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