Rajasthan State Budget 2014-15 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2014-15
Rajasthan State Budget 2014-15 Budget at a Glance
Total Receipts
Rs 1.08 lakh crore
+13.1%
Total Expenditure
Rs 1.32 lakh crore
+13.2%
Fiscal Deficit
3.5%
Rs 24,000 crore
Capital Expenditure
Rs 19,500 crore
+14.7%
Tax Revenue
Rs 53,500 crore
+13.8%
Interest Payments
Rs 15,500 crore
12% of expenditure
Rajasthan Revenue Receipts 2014-15
Own tax revenue vs non-tax revenue breakdown
Rajasthan Expenditure Breakdown 2014-15
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP â Rajasthan 2014-15
The fiscal deficit for Rajasthan in 2014-15 is 3.5% of GSDP (Rs 24,000 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 is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 15,500 crore consume 11.7% of total expenditure.
Rajasthan State Budget 2014-15 â Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.26 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.08 lakh crore | 85.7% |
| a. Own Tax Revenue | Rs 53,500 crore | 42.5% |
| b. Non-Tax Revenue | Rs 54,500 crore | 43.3% |
| B. Total Expenditure | Rs 1.32 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.13 lakh crore | 85.3% |
| 2. Capital Expenditure | Rs 19,500 crore | 14.7% |
| of which: Interest Payments | Rs 15,500 crore | 11.7% |
| C. Fiscal Deficit | Rs 24,000 crore | 3.5% of GSDP |
Source: Rajasthan State Budget Documents via PRS India. All figures in Indian Rupees.
Rajasthan Budget 2014-15 Analysis & Highlights
Key Highlights
- Rajasthan's total expenditure in 2014-15 reached approximately Rs 1,32,500 crore under the BJP government of Chief Minister Vasundhara Raje, who returned to power in December 2013 with a landslide victory.
- Revenue receipts of Rs 1,08,000 crore grew 13% year-on-year, supported by improved tax compliance and a favorable central devolution under the Thirteenth Finance Commission.
- Tax revenue at Rs 53,500 crore reflected strengthening VAT collections and rising stamp duty receipts from urban land transactions in Jaipur, Jodhpur, and Udaipur.
- The revenue deficit at Rs 5,000 crore narrowed as the new government pursued expenditure rationalization and improved tax administration.
- Fiscal deficit at Rs 24,000 crore or 3.5% of GSDP touched the FRBM ceiling, reflecting the state's infrastructure investment push alongside social welfare commitments.
- Capital expenditure of Rs 19,500 crore supported road development, solar energy infrastructure, and smart city preparation in Jaipur and Udaipur.
- Interest payments at Rs 15,500 crore consumed 14.4% of revenue receipts, a moderate debt-servicing ratio for a state with Rajasthan's debt profile.
- Outstanding debt reached Rs 1,62,000 crore at a debt-to-GSDP ratio of 23.8%, the third-highest among large Indian states.
- The Rajasthan Solar Energy Policy attracted Rs 8,000 crore in investment commitments, positioning the state as India's emerging solar power capital with the Bhadla Solar Park development.
- The Mukhyamantri Jal Swavlamban Abhiyan was launched with Rs 2,500 crore for water conservation through check dams, anicuts, and farm pond construction across arid western districts.
- Tourism infrastructure received Rs 1,800 crore targeting heritage conservation, hotel development, and the Rajasthan International Centre in Jaipur.
- Education spending of Rs 18,000 crore included the Rajasthan Adarsh Vidyalaya program establishing model schools in every block.
- Mining royalty and lease revenue of Rs 6,500 crore from marble, sandstone, zinc, and copper extraction made Rajasthan one of India's top mineral revenue earners.
- Healthcare spending of Rs 8,500 crore continued the Bhamashah Swasthya Bima Yojana providing cashless treatment to 1.2 crore beneficiary families.
Compare Rajasthan Budget â Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 |
|---|---|---|---|---|---|
| Total Expenditure | â | â | â | Rs 1.17 lakh crore | Rs 1.32 lakh crore |
| Revenue Receipts | â | â | â | Rs 95,500 crore | Rs 1.08 lakh crore |
| Capital Expenditure | â | â | â | Rs 17,000 crore | Rs 19,500 crore |
| Fiscal Deficit (% GSDP) | â | â | â | 3.6% | 3.5% |
| Own Tax Revenue | â | â | â | Rs 47,000 crore | Rs 53,500 crore |
Columns showing "â" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Rajasthan State Budget 2014-15
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