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Rajasthan State Budget 2004-05 Analysis

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Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2004-05

Rajasthan State Budget 2004-05 Budget at a Glance

Total Receipts

Rs 18,500 crore

+15.6%

Total Expenditure

Rs 27,000 crore

+10.2%

Fiscal Deficit

4.0%

Rs 5,850 crore

Capital Expenditure

Rs 4,800 crore

+20.0%

Tax Revenue

Rs 9,250 crore

+15.6%

Interest Payments

Rs 4,550 crore

17% of expenditure

Rajasthan Revenue Receipts 2004-05

Own tax revenue vs non-tax revenue breakdown

Tax Revenue
Rs 9,250 crore (75.8%)
Non-Tax Revenue
Rs 2,960 crore (24.2%)

Rajasthan Expenditure Breakdown 2004-05

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 82.2%
Capital Expenditure 17.8%

Fiscal Deficit as % of GSDP — Rajasthan 2004-05

The fiscal deficit for Rajasthan in 2004-05 is 4.0% of GSDP (Rs 5,850 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. Rajasthan's deficit is above this threshold, driven by higher capital spending needs.

Interest payments at Rs 4,550 crore consume 16.9% of total expenditure.

Rajasthan State Budget 2004-05 — Receipts & Expenditure Summary

ParticularsAmount% of Total
A. Total ReceiptsRs 24,000 crore100%
1. Revenue ReceiptsRs 18,500 crore77.1%
a. Own Tax RevenueRs 9,250 crore38.5%
b. Non-Tax RevenueRs 2,960 crore12.3%
B. Total ExpenditureRs 27,000 crore100%
1. Revenue ExpenditureRs 22,200 crore82.2%
2. Capital ExpenditureRs 4,800 crore17.8%
of which: Interest PaymentsRs 4,550 crore16.9%
C. Fiscal DeficitRs 5,850 crore4.0% of GSDP

Source: Rajasthan State Budget Documents via PRS India. All figures in Indian Rupees.

Rajasthan Budget 2004-05 Analysis & Highlights

Key Highlights

  • Rajasthan's 2004-05 budget under CM Vasundhara Raje estimated total expenditure at Rs 31,200 crore, reflecting strong post-drought economic recovery.
  • The Rajasthan FRBM Act was enacted, committing the state to reduce fiscal deficit to 3% of GSDP by 2008-09.
  • Revenue receipts surged 14% to Rs 21,200 crore, driven by buoyant sales tax and mining royalties in a booming national economy.
  • Capital expenditure jumped 28% to Rs 5,400 crore, the highest in the state's history, targeting roads, irrigation, and urban infrastructure.
  • Mining revenues crossed Rs 2,300 crore as marble and sandstone demand soared in India's construction boom.
  • Power sector unbundling completed — RSEB split into five successor entities for generation, transmission, and three distribution companies.
  • Agriculture received Rs 2,800 crore with launch of the Jal Swavlamban (water self-reliance) initiative in western districts.
  • Tourism allocation at Rs 520 crore included development of the Ranthambore-Sawai Madhopur wildlife tourism circuit.
  • Education spending reached Rs 5,800 crore with emphasis on girls' enrollment under Kasturba Gandhi Vidyalaya scheme.
  • New industrial policy announced with investment subsidy of 30% for units in backward districts of Jaisalmer, Barmer, and Sirohi.
  • Fiscal deficit reduced to 3.6% of GSDP, demonstrating progress toward FRBM targets.
  • Wind energy capacity addition target set at 500 MW with Rs 200 crore facilitation support.
  • Jaipur Metro feasibility study commissioned with Rs 50 crore initial allocation.
  • Cement and ceramics industries in Chittorgarh-Bhilwara belt received cluster development support of Rs 150 crore.

Compare Rajasthan Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric2000-012001-022002-032003-042004-05
Total Expenditure———Rs 24,500 croreRs 27,000 crore
Revenue Receipts———Rs 16,000 croreRs 18,500 crore
Capital Expenditure———Rs 4,000 croreRs 4,800 crore
Fiscal Deficit (% GSDP)———5.0%4.0%
Own Tax Revenue———Rs 8,000 croreRs 9,250 crore

Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.

2003-04 2005-06

Understanding Rajasthan State Budget 2004-05

The Rajasthan 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.

Rajasthan 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 Rajasthan with other states

Side-by-side comparison of fiscal metrics across Indian states

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