Jharkhand State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Jharkhand FY 2018-19
Jharkhand State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 52,500 crore
+12.2%
Total Expenditure
Rs 66,600 crore
+13.5%
Fiscal Deficit
3.1%
Rs 9,200 crore
Capital Expenditure
Rs 12,800 crore
+11.3%
Tax Revenue
Rs 17,200 crore
+13.2%
Interest Payments
Rs 5,700 crore
9% of expenditure
Jharkhand Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Jharkhand Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Jharkhand 2018-19
The fiscal deficit for Jharkhand in 2018-19 is 3.1% of GSDP (Rs 9,200 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. Jharkhand is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 5,700 crore consume 8.6% of total expenditure.
Jharkhand State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 73,800 crore | 100% |
| 1. Revenue Receipts | Rs 52,500 crore | 71.1% |
| a. Own Tax Revenue | Rs 17,200 crore | 23.3% |
| b. Non-Tax Revenue | Rs 7,800 crore | 10.6% |
| B. Total Expenditure | Rs 66,600 crore | 100% |
| 1. Revenue Expenditure | Rs 53,800 crore | 80.8% |
| 2. Capital Expenditure | Rs 12,800 crore | 19.2% |
| of which: Interest Payments | Rs 5,700 crore | 8.6% |
| C. Fiscal Deficit | Rs 9,200 crore | 3.1% of GSDP |
Source: Jharkhand State Budget Documents via PRS India. All figures in Indian Rupees.
Jharkhand Budget 2018-19 Analysis & Highlights
Key Highlights
- Total expenditure reached approximately Rs 62,000 crore, maintaining the growth trajectory of recent years.
- Raghubar Das government entered its fifth year โ the longest continuous tenure for any Jharkhand CM.
- Ayushman Bharat launched โ Jharkhand among the largest beneficiary states with 60 lakh eligible families.
- Coal production from Jharkhand crossed 120 million tonnes โ highest ever for the state.
- GST revenue stabilising with monthly collections showing consistent improvement.
- Education spending at Rs 11,500 crore with teacher recruitment drive filling 15,000 additional vacancies.
- Health allocation at Rs 5,000 crore boosted by Ayushman Bharat empanelment of 200 hospitals.
- Capital expenditure at Rs 10,000 crore โ Deoghar airport nearing completion.
- MGNREGA at Rs 5,000 crore provided employment to 18 lakh households.
- Jharkhand's per-capita income crossed Rs 70,000 โ growing faster than the national average.
- DMF collections at Rs 2,500 crore funded water, health, and education in mining areas.
- Ranchi-Ramgarh-Patratu corridor emerging as industrial growth axis.
- Tribal land protection laws strengthened amid mining expansion debates.
Compare Jharkhand Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 58,700 crore | Rs 66,600 crore |
| Revenue Receipts | โ | โ | โ | Rs 46,800 crore | Rs 52,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 11,500 crore | Rs 12,800 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.0% | 3.1% |
| Own Tax Revenue | โ | โ | โ | Rs 15,200 crore | Rs 17,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Jharkhand State Budget 2018-19
The Jharkhand 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.
Jharkhand 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 Jharkhand with other states
Side-by-side comparison of fiscal metrics across Indian states