Jharkhand State Budget 2021-22 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Jharkhand FY 2021-22
Jharkhand State Budget 2021-22 Budget at a Glance
Total Receipts
Rs 62,500 crore
+24.5%
Total Expenditure
Rs 78,300 crore
+14.6%
Fiscal Deficit
3.2%
Rs 11,500 crore
Capital Expenditure
Rs 13,500 crore
+37.8%
Tax Revenue
Rs 19,800 crore
+27.7%
Interest Payments
Rs 8,000 crore
10% of expenditure
Jharkhand Revenue Receipts 2021-22
Own tax revenue vs non-tax revenue breakdown
Jharkhand Expenditure Breakdown 2021-22
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Jharkhand 2021-22
The fiscal deficit for Jharkhand in 2021-22 is 3.2% of GSDP (Rs 11,500 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. Jharkhand is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 8,000 crore consume 10.2% of total expenditure.
Jharkhand State Budget 2021-22 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 85,200 crore | 100% |
| 1. Revenue Receipts | Rs 62,500 crore | 73.4% |
| a. Own Tax Revenue | Rs 19,800 crore | 23.2% |
| b. Non-Tax Revenue | Rs 10,200 crore | 12.0% |
| B. Total Expenditure | Rs 78,300 crore | 100% |
| 1. Revenue Expenditure | Rs 64,800 crore | 82.8% |
| 2. Capital Expenditure | Rs 13,500 crore | 17.2% |
| of which: Interest Payments | Rs 8,000 crore | 10.2% |
| C. Fiscal Deficit | Rs 11,500 crore | 3.2% of GSDP |
Source: Jharkhand State Budget Documents via PRS India. All figures in Indian Rupees.
Jharkhand Budget 2021-22 Analysis & Highlights
Key Highlights
- Total expenditure at approximately Rs 75,000 crore under Hemant Soren's JMM-Congress government.
- Post-pandemic economic recovery drove mining revenues back above pre-COVID levels.
- Coal production rebounded strongly with India's power demand reaching record levels.
- Hemant Soren government focused on tribal welfare and land rights restoration.
- Universal pension scheme expanded to cover elderly, widows, and disabled across tribal populations.
- Education spending at Rs 13,500 crore with massive teacher recruitment drive for 25,000 positions.
- Health expenditure at Rs 6,500 crore โ lessons from pandemic driving public health infrastructure investment.
- Capital expenditure at Rs 12,000 crore targeting connectivity in previously Naxal-affected areas.
- MGNREGA at Rs 6,000 crore โ continued high demand in rural and tribal areas.
- GST collections crossed Rs 10,000 crore reflecting economic formalisation.
- Deoghar airport commenced commercial operations connecting eastern Jharkhand.
- Jharkhand's fiscal deficit at 2.8% of GSDP โ within FRBM limits.
- State launched Birsa Munda schemes for tribal livelihood and cultural preservation.
- Drug/substance abuse programmes initiated in mining belt towns.
Compare Jharkhand 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 68,300 crore | Rs 78,300 crore |
| Revenue Receipts | โ | โ | โ | Rs 50,200 crore | Rs 62,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 9,800 crore | Rs 13,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.7% | 3.2% |
| Own Tax Revenue | โ | โ | โ | Rs 15,500 crore | Rs 19,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Jharkhand State Budget 2021-22
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