Jharkhand State Budget 2022-23 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Jharkhand FY 2022-23
Jharkhand State Budget 2022-23 Budget at a Glance
Total Receipts
Rs 70,500 crore
+12.8%
Total Expenditure
Rs 89,400 crore
+14.2%
Fiscal Deficit
3.4%
Rs 13,500 crore
Capital Expenditure
Rs 16,200 crore
+20.0%
Tax Revenue
Rs 22,800 crore
+15.2%
Interest Payments
Rs 9,300 crore
10% of expenditure
Jharkhand Revenue Receipts 2022-23
Own tax revenue vs non-tax revenue breakdown
Jharkhand Expenditure Breakdown 2022-23
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Jharkhand 2022-23
The fiscal deficit for Jharkhand in 2022-23 is 3.4% of GSDP (Rs 13,500 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 9,300 crore consume 10.4% of total expenditure.
Jharkhand State Budget 2022-23 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 97,500 crore | 100% |
| 1. Revenue Receipts | Rs 70,500 crore | 72.3% |
| a. Own Tax Revenue | Rs 22,800 crore | 23.4% |
| b. Non-Tax Revenue | Rs 11,200 crore | 11.5% |
| B. Total Expenditure | Rs 89,400 crore | 100% |
| 1. Revenue Expenditure | Rs 73,200 crore | 81.9% |
| 2. Capital Expenditure | Rs 16,200 crore | 18.1% |
| of which: Interest Payments | Rs 9,300 crore | 10.4% |
| C. Fiscal Deficit | Rs 13,500 crore | 3.4% of GSDP |
Source: Jharkhand State Budget Documents via PRS India. All figures in Indian Rupees.
Jharkhand Budget 2022-23 Analysis & Highlights
Key Highlights
- Total expenditure at approximately Rs 82,000 crore โ highest in Jharkhand's history.
- Political crisis engulfed Hemant Soren โ ED investigation and subsequent arrest in early 2024.
- Mining revenues hit record Rs 8,500 crore as coal and iron ore demand surged nationally.
- Coal production exceeded 140 million tonnes from Jharkhand โ approaching the state's infrastructure capacity.
- Education spending at Rs 15,000 crore with continued emphasis on teacher recruitment and school quality.
- Health allocation at Rs 7,500 crore โ Deoghar AIIMS expanding operations.
- Capital expenditure at Rs 13,500 crore focused on highway expansion and industrial corridor development.
- MGNREGA at Rs 6,500 crore โ continued as largest rural employment programme.
- GST collections exceeded Rs 12,000 crore reflecting strong economic formalisation.
- Fiscal deficit at 2.7% of GSDP โ comfortable within FRBM limits.
- Jharkhand's per-capita GSDP crossed Rs 85,000 โ growing faster than national average.
- DMF spending at Rs 3,500 crore transforming infrastructure in mining-affected districts.
- Naxal activity at lowest levels since statehood โ development reaching previously inaccessible areas.
- State launched Sarna code campaign for tribal religious identity recognition.
Compare Jharkhand 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 78,300 crore | Rs 89,400 crore |
| Revenue Receipts | โ | โ | โ | Rs 62,500 crore | Rs 70,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 13,500 crore | Rs 16,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.2% | 3.4% |
| Own Tax Revenue | โ | โ | โ | Rs 19,800 crore | Rs 22,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Jharkhand State Budget 2022-23
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