Haryana State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2023-24
Haryana State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 1.06 lakh crore
+10.8%
Total Expenditure
Rs 1.33 lakh crore
+5.9%
Fiscal Deficit
2.8%
Rs 30,651 crore
Capital Expenditure
Rs 14,443 crore
-19.8%
Tax Revenue
Rs 73,586 crore
+23.1%
Interest Payments
Rs 22,250 crore
17% of expenditure
Haryana Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Haryana 2023-24
The fiscal deficit for Haryana in 2023-24 is 2.8% of GSDP (Rs 30,651 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 22,250 crore consume 16.7% of total expenditure.
Haryana State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.94 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.06 lakh crore | 54.4% |
| a. Own Tax Revenue | Rs 73,586 crore | 37.9% |
| b. Non-Tax Revenue | Rs 8,583 crore | 4.4% |
| B. Total Expenditure | Rs 1.33 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.19 lakh crore | 89.2% |
| 2. Capital Expenditure | Rs 14,443 crore | 10.8% |
| of which: Interest Payments | Rs 22,250 crore | 16.7% |
| C. Fiscal Deficit | Rs 30,651 crore | 2.8% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Department-wise Expenditure 2023-24
Top departments by allocation in Haryana for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 17,500 crore | Rs 1,500 crore | Rs 19,000 crore | 14.2% |
2. Urban Development | Rs 9,500 crore | Rs 2,200 crore | Rs 11,700 crore | 8.8% |
3. Health & Family Welfare | Rs 7,800 crore | Rs 1,700 crore | Rs 9,500 crore | 7.1% |
4. Agriculture & Allied | Rs 8,200 crore | Rs 1,100 crore | Rs 9,300 crore | 7.0% |
5. Police & Home | Rs 7,500 crore | Rs 800 crore | Rs 8,300 crore | 6.2% |
6. Rural Development | Rs 6,700 crore | Rs 1,500 crore | Rs 8,200 crore | 6.1% |
7. Energy | Rs 6,200 crore | Rs 900 crore | Rs 7,100 crore | 5.3% |
8. Transport & Roads | Rs 4,000 crore | Rs 2,600 crore | Rs 6,600 crore | 4.9% |
9. Social Welfare | Rs 5,800 crore | Rs 500 crore | Rs 6,300 crore | 4.7% |
10. Water Supply & Sanitation | Rs 2,700 crore | Rs 1,800 crore | Rs 4,500 crore | 3.4% |
Haryana Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 1,37,631 crore, broadly in line with estimates
- Revenue receipts at Rs 1,05,787 crore with tax collections of Rs 73,586 crore
- Revenue deficit at Rs 13,165 crore โ improvement from budget estimates
- Fiscal deficit at 2.8% of GSDP (Rs 30,651 crore), maintained within limits
- Capital expenditure at Rs 14,443 crore โ executed despite revenue pressures
- Gurugram real estate boom boosted stamp duty and registration revenue
- NCR infrastructure spending maintained as urbanisation accelerates
- Outstanding debt at Rs 2,95,000 crore, debt-to-GSDP at 27.2%
- Interest payments at Rs 22,250 crore remain the dominant fiscal charge
- Primary deficit at Rs 8,401 crore โ borrowing extends beyond interest needs
- Tax buoyancy from GST and excise partially offset agricultural sector pressure
- GSDP at Rs 10,95,535 crore โ strong nominal growth driven by services and manufacturing
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.26 lakh crore | Rs 1.33 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 95,500 crore | Rs 1.06 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 18,000 crore | Rs 14,443 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.9% | 2.8% |
| Own Tax Revenue | โ | โ | โ | Rs 59,800 crore | Rs 73,586 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2023-24
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