Puducherry State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Puducherry FY 2023-24
Puducherry State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 8,700 crore
+6.1%
Total Expenditure
Rs 9,400 crore
-6.0%
Fiscal Deficit
5.0%
Rs 2,200 crore
Capital Expenditure
Rs 1,500 crore
+7.1%
Tax Revenue
Rs 2,550 crore
+8.5%
Interest Payments
Rs 600 crore
6% of expenditure
Puducherry Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Puducherry Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Puducherry 2023-24
The fiscal deficit for Puducherry in 2023-24 is 5.0% of GSDP (Rs 2,200 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. Puducherry's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 600 crore consume 6.4% of total expenditure.
Puducherry State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 10,500 crore | 100% |
| 1. Revenue Receipts | Rs 8,700 crore | 82.9% |
| a. Own Tax Revenue | Rs 2,550 crore | 24.3% |
| b. Non-Tax Revenue | Rs 620 crore | 5.9% |
| B. Total Expenditure | Rs 9,400 crore | 100% |
| 1. Revenue Expenditure | Rs 7,900 crore | 84.0% |
| 2. Capital Expenditure | Rs 1,500 crore | 16.0% |
| of which: Interest Payments | Rs 600 crore | 6.4% |
| C. Fiscal Deficit | Rs 2,200 crore | 5.0% of GSDP |
Source: Puducherry State Budget Documents via PRS India. All figures in Indian Rupees.
Puducherry Department-wise Expenditure 2023-24
Top departments by allocation in Puducherry for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 1,750 crore | Rs 120 crore | Rs 1,870 crore | 19.9% |
2. Health & Family Welfare | Rs 1,080 crore | Rs 170 crore | Rs 1,250 crore | 13.3% |
3. Public Works & Roads | Rs 360 crore | Rs 380 crore | Rs 740 crore | 7.9% |
4. Social Welfare | Rs 700 crore | Rs 35 crore | Rs 735 crore | 7.8% |
5. Police & Home | Rs 570 crore | Rs 40 crore | Rs 610 crore | 6.5% |
6. Energy & Power | Rs 480 crore | Rs 100 crore | Rs 580 crore | 6.2% |
7. Rural Development | Rs 420 crore | Rs 120 crore | Rs 540 crore | 5.7% |
8. Urban Development | Rs 300 crore | Rs 160 crore | Rs 460 crore | 4.9% |
9. Agriculture & Allied | Rs 340 crore | Rs 75 crore | Rs 415 crore | 4.4% |
10. Water Supply & Sanitation | Rs 190 crore | Rs 140 crore | Rs 330 crore | 3.5% |
Puducherry Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 9,400 crore โ modestly below original estimates
- Revenue receipts at Rs 8,700 crore with own tax at Rs 2,550 crore
- Revenue surplus of Rs 800 crore โ slim positive margin maintained
- Fiscal deficit at 5.0% of GSDP (Rs 2,200 crore), structural deficit persists
- Capital expenditure at Rs 1,500 crore โ constrained by revenue limitations
- Cyclone Michaung in December 2023 caused localised flooding and damage
- Tourism sector showed strong post-pandemic recovery
- Outstanding debt at Rs 10,200 crore, debt-to-GSDP at 23.2%
- Interest payments at Rs 600 crore โ manageable at 6.9% of receipts
- French Quarter heritage restoration projects made visible progress
- Central grant disbursement timing affected revenue recognition
- GSDP at Rs 44,000 crore โ steady growth in a compact economy
Compare Puducherry Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 10,000 crore | Rs 9,400 crore |
| Revenue Receipts | โ | โ | โ | Rs 8,200 crore | Rs 8,700 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,400 crore | Rs 1,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.8% | 5.0% |
| Own Tax Revenue | โ | โ | โ | Rs 2,350 crore | Rs 2,550 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Puducherry State Budget 2023-24
The Puducherry 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.
Puducherry 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 Puducherry with other states
Side-by-side comparison of fiscal metrics across Indian states