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Rajasthan State Budget 2018-19 Analysis

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Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2018-19

Rajasthan State Budget 2018-19 Budget at a Glance

Total Receipts

Rs 1.7 lakh crore

+11.8%

Total Expenditure

Rs 2.14 lakh crore

+12.6%

Fiscal Deficit

3.5%

Rs 40,000 crore

Capital Expenditure

Rs 32,000 crore

+14.3%

Tax Revenue

Rs 84,500 crore

+11.9%

Interest Payments

Rs 25,000 crore

12% of expenditure

Rajasthan Revenue Receipts 2018-19

Own tax revenue vs non-tax revenue breakdown

Tax Revenue
Rs 84,500 crore (49.7%)
Non-Tax Revenue
Rs 85,500 crore (50.3%)

Rajasthan Expenditure Breakdown 2018-19

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 85.0%
Capital Expenditure 15.0%

Fiscal Deficit as % of GSDP — Rajasthan 2018-19

The fiscal deficit for Rajasthan in 2018-19 is 3.5% of GSDP (Rs 40,000 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 25,000 crore consume 11.7% of total expenditure.

Rajasthan State Budget 2018-19 — Receipts & Expenditure Summary

ParticularsAmount% of Total
A. Total ReceiptsRs 2 lakh crore100%
1. Revenue ReceiptsRs 1.7 lakh crore85.0%
a. Own Tax RevenueRs 84,500 crore42.3%
b. Non-Tax RevenueRs 85,500 crore42.8%
B. Total ExpenditureRs 2.14 lakh crore100%
1. Revenue ExpenditureRs 1.82 lakh crore85.0%
2. Capital ExpenditureRs 32,000 crore15.0%
of which: Interest PaymentsRs 25,000 crore11.7%
C. Fiscal DeficitRs 40,000 crore3.5% of GSDP

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

Rajasthan Budget 2018-19 Analysis & Highlights

Key Highlights

  • BJP government under Vasundhara Raje completed its term with infrastructure-focused spending.
  • Total expenditure at Rs 2.1 lakh crore with capital investment of Rs 30,000 crore.
  • Bhadla Solar Park became world's largest solar installation at 2,245 MW capacity.
  • State GST collections stabilized at Rs 28,000 crore after initial implementation disruption.
  • Tourism revenue at Rs 50,000 crore as international visitor numbers grew 15% year-on-year.
  • Mineral revenue of Rs 6,000 crore from expanded auction-based mining allocations.
  • Fiscal deficit at 2.9% of GSDP, within FRBM limits despite election-year spending.
  • RUIDP (Rajasthan Urban Infrastructure Development Project) received Rs 3,000 crore for city upgrades.
  • Education spending of Rs 35,000 crore included expansion of Rajasthan ILD Skills University.
  • Water supply scheme for 10,000 villages received Rs 5,000 crore allocation.
  • Barmer refinery project advanced with Rs 2,000 crore state contribution.

Compare Rajasthan Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric2014-152015-162016-172017-182018-19
Total Expenditure———Rs 1.9 lakh croreRs 2.14 lakh crore
Revenue Receipts———Rs 1.52 lakh croreRs 1.7 lakh crore
Capital Expenditure———Rs 28,000 croreRs 32,000 crore
Fiscal Deficit (% GSDP)———3.4%3.5%
Own Tax Revenue———Rs 75,500 croreRs 84,500 crore

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

2017-18 2019-20

Understanding Rajasthan State Budget 2018-19

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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