Jharkhand State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Jharkhand FY 2024-25
Jharkhand State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 1.11 lakh crore
+16.4%
Total Expenditure
Rs 1.2 lakh crore
+7.2%
Fiscal Deficit
2.0%
Rs 9,500 crore
Capital Expenditure
Rs 23,987 crore
+10.7%
Tax Revenue
Rs 34,198 crore
+19.1%
Interest Payments
Rs 7,055 crore
6% of expenditure
Jharkhand Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Jharkhand 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 Jharkhand 2024-25
The fiscal deficit for Jharkhand in 2024-25 is 2.0% of GSDP (Rs 9,500 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 7,055 crore consume 5.9% of total expenditure.
Jharkhand State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.29 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.11 lakh crore | 86.0% |
| a. Own Tax Revenue | Rs 34,198 crore | 26.5% |
| b. Non-Tax Revenue | Rs 19,300 crore | 15.0% |
| B. Total Expenditure | Rs 1.2 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 91,832 crore | 76.3% |
| 2. Capital Expenditure | Rs 23,987 crore | 19.9% |
| of which: Interest Payments | Rs 7,055 crore | 5.9% |
| C. Fiscal Deficit | Rs 9,500 crore | 2.0% of GSDP |
Source: Jharkhand State Budget Documents via PRS India. All figures in Indian Rupees.
Jharkhand Department-wise Expenditure 2024-25
Top departments by allocation in Jharkhand for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 14,000 crore | Rs 1,800 crore | Rs 15,800 crore | 13.1% |
2. Rural Development | Rs 10,000 crore | Rs 3,200 crore | Rs 13,200 crore | 11.0% |
3. Health & Family Welfare | Rs 7,200 crore | Rs 2,100 crore | Rs 9,300 crore | 7.7% |
4. Energy | Rs 6,000 crore | Rs 2,400 crore | Rs 8,400 crore | 7.0% |
5. Agriculture & Allied | Rs 5,800 crore | Rs 1,200 crore | Rs 7,000 crore | 5.8% |
6. Transport & Roads | Rs 3,000 crore | Rs 3,600 crore | Rs 6,600 crore | 5.5% |
7. Social Welfare | Rs 5,200 crore | Rs 600 crore | Rs 5,800 crore | 4.8% |
8. Water Supply & Sanitation | Rs 2,500 crore | Rs 3,000 crore | Rs 5,500 crore | 4.6% |
9. Police & Home | Rs 4,800 crore | Rs 700 crore | Rs 5,500 crore | 4.6% |
10. Urban Development | Rs 3,000 crore | Rs 1,700 crore | Rs 4,700 crore | 3.9% |
Jharkhand Budget 2024-25 Analysis & Highlights
Key Highlights
- Final full budget under JMM-Congress coalition government before elections.
- Total expenditure at Rs 1,14,500 crore with welfare programme expansion.
- Maiyan Samman Yojana โ Rs 1,000/month to women โ launched as election guarantee.
- Fiscal deficit at Rs 14,500 crore โ 3.1% of GSDP.
- Mining revenue boosted by elevated coal and iron ore prices.
- Capital expenditure at Rs 25,000 crore for roads and industrial infrastructure.
- Tribal welfare at Rs 9,000 crore including Sarna religion recognition campaign costs.
- Education at Rs 14,000 crore with Eklavya residential school expansion.
- Outstanding debt at Rs 78,000 crore with debt-to-GSDP at 16.5%.
- Coal sector transition challenges โ closure of unviable mines affecting employment.
- Agricultural spending focuses on horticulture and lac cultivation in tribal areas.
Compare Jharkhand 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 1.12 lakh crore | Rs 1.2 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 95,229 crore | Rs 1.11 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 21,674 crore | Rs 23,987 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 2.0% |
| Own Tax Revenue | โ | โ | โ | Rs 28,710 crore | Rs 34,198 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Jharkhand State Budget 2024-25
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