Haryana State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Haryana FY 2024-25
Haryana State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 1.17 lakh crore
+10.3%
Total Expenditure
Rs 1.56 lakh crore
+16.8%
Fiscal Deficit
2.8%
Rs 33,635 crore
Capital Expenditure
Rs 16,281 crore
+12.7%
Tax Revenue
Rs 84,551 crore
+14.9%
Interest Payments
Rs 25,142 crore
16% of expenditure
Haryana Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Haryana Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Haryana 2024-25
The fiscal deficit for Haryana in 2024-25 is 2.8% of GSDP (Rs 33,635 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 25,142 crore consume 16.1% of total expenditure.
Haryana State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.19 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.17 lakh crore | 53.2% |
| a. Own Tax Revenue | Rs 84,551 crore | 38.5% |
| b. Non-Tax Revenue | Rs 9,243 crore | 4.2% |
| B. Total Expenditure | Rs 1.56 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.34 lakh crore | 86.3% |
| 2. Capital Expenditure | Rs 16,281 crore | 10.4% |
| of which: Interest Payments | Rs 25,142 crore | 16.1% |
| C. Fiscal Deficit | Rs 33,635 crore | 2.8% of GSDP |
Source: Haryana State Budget Documents via PRS India. All figures in Indian Rupees.
Haryana Department-wise Expenditure 2024-25
Top departments by allocation in Haryana for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 19,500 crore | Rs 1,700 crore | Rs 21,200 crore | 13.6% |
2. Urban Development | Rs 10,500 crore | Rs 2,500 crore | Rs 13,000 crore | 8.3% |
3. Health & Family Welfare | Rs 8,800 crore | Rs 1,900 crore | Rs 10,700 crore | 6.9% |
4. Agriculture & Allied | Rs 9,200 crore | Rs 1,300 crore | Rs 10,500 crore | 6.7% |
5. Police & Home | Rs 8,500 crore | Rs 900 crore | Rs 9,400 crore | 6.0% |
6. Rural Development | Rs 7,500 crore | Rs 1,700 crore | Rs 9,200 crore | 5.9% |
7. Energy | Rs 7,000 crore | Rs 1,000 crore | Rs 8,000 crore | 5.1% |
8. Transport & Roads | Rs 4,500 crore | Rs 3,000 crore | Rs 7,500 crore | 4.8% |
9. Social Welfare | Rs 6,500 crore | Rs 600 crore | Rs 7,100 crore | 4.6% |
10. Water Supply & Sanitation | Rs 3,000 crore | Rs 2,100 crore | Rs 5,100 crore | 3.3% |
Haryana Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 1,55,832 crore with industrial growth-oriented spending
- Revenue receipts of Rs 1,16,639 crore including Rs 84,551 crore own tax revenue
- Revenue deficit at Rs 17,817 crore โ structural gap between revenue and expenditure
- Fiscal deficit at 2.8% of GSDP (Rs 33,635 crore), within enhanced FRBM limits
- Capital expenditure at Rs 16,281 crore for roads, urban infra, and industrial corridors
- Gurugram metro extension and NCR urban infrastructure receive priority
- Outstanding debt at Rs 3,20,000 crore, debt-to-GSDP at 26.3%
- Interest payments at Rs 25,142 crore โ 21.5% of revenue receipts
- Sports budgets maintained with Olympic preparation and academy funding
- Agricultural MSP procurement costs remain a significant fiscal commitment
- Non-tax revenue at Rs 9,243 crore from industrial fees and mining royalties
- GSDP at Rs 12,16,044 crore growing at approximately 11% nominal rate
Compare Haryana Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.33 lakh crore | Rs 1.56 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.06 lakh crore | Rs 1.17 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 14,443 crore | Rs 16,281 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.8% | 2.8% |
| Own Tax Revenue | โ | โ | โ | Rs 73,586 crore | Rs 84,551 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Haryana State Budget 2024-25
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