Rajasthan State Budget 2019-20 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2019-20
Rajasthan State Budget 2019-20 Budget at a Glance
Total Receipts
Rs 1.75 lakh crore
+2.9%
Total Expenditure
Rs 2.25 lakh crore
+5.1%
Fiscal Deficit
3.9%
Rs 48,000 crore
Capital Expenditure
Rs 30,000 crore
-6.3%
Tax Revenue
Rs 86,000 crore
+1.8%
Interest Payments
Rs 27,000 crore
12% of expenditure
Rajasthan Revenue Receipts 2019-20
Own tax revenue vs non-tax revenue breakdown
Rajasthan Expenditure Breakdown 2019-20
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP â Rajasthan 2019-20
The fiscal deficit for Rajasthan in 2019-20 is 3.9% of GSDP (Rs 48,000 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's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 27,000 crore consume 12.0% of total expenditure.
Rajasthan State Budget 2019-20 â Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 2.03 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.75 lakh crore | 86.2% |
| a. Own Tax Revenue | Rs 86,000 crore | 42.4% |
| b. Non-Tax Revenue | Rs 89,000 crore | 43.8% |
| B. Total Expenditure | Rs 2.25 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.95 lakh crore | 86.7% |
| 2. Capital Expenditure | Rs 30,000 crore | 13.3% |
| of which: Interest Payments | Rs 27,000 crore | 12.0% |
| C. Fiscal Deficit | Rs 48,000 crore | 3.9% of GSDP |
Source: Rajasthan State Budget Documents via PRS India. All figures in Indian Rupees.
Rajasthan Budget 2019-20 Analysis & Highlights
Key Highlights
- Rajasthan's total expenditure in 2019-20 reached approximately Rs 2,25,000 crore under the Congress government of Chief Minister Ashok Gehlot, who returned to power in December 2018 continuing the state's alternating power pattern.
- Revenue receipts of Rs 1,75,000 crore grew just 3.3% year-on-year, severely impacted by the pre-COVID economic slowdown and GST collection shortfalls.
- Tax revenue at Rs 86,000 crore reflected the national consumption slowdown, with SGST and stamp duty revenues falling short of budget estimates by approximately Rs 8,000 crore.
- The Gehlot government announced the Rajasthan Kisan Karja Mafi Yojana covering Rs 18,000 crore in farm loan waivers for 70 lakh farmers.
- Revenue deficit widened sharply to Rs 20,000 crore as the farm loan waiver and social welfare expansion outpaced weakening revenue collections.
- Fiscal deficit at Rs 48,000 crore or 3.9% of GSDP breached the 3% FRBM target, reflecting the combined impact of the loan waiver and economic slowdown.
- Capital expenditure of Rs 30,000 crore continued solar energy and road infrastructure programs despite the constrained fiscal position.
- Interest payments at Rs 27,000 crore consumed 15.4% of revenue receipts, the highest ratio in five years reflecting accelerating debt accumulation.
- Outstanding debt reached Rs 3,12,000 crore at a debt-to-GSDP ratio of 25.7%, a significant deterioration from the 23% recorded two years earlier.
- The COVID-19 lockdown from March 22, 2020 devastated Rajasthan's tourism sector, with Jaipur, Udaipur, and Jaisalmer experiencing complete tourist evacuation.
- The Indira Rasoi Yojana was launched to provide subsidized meals at Rs 8 per plate through community kitchens across urban Rajasthan.
- Education spending of Rs 26,000 crore included the restoration of old pension scheme for newly recruited government employees, replacing NPS.
- The Bhadla Solar Park generated 4,000 MW from its expanded phases, attracting Rs 20,000 crore in cumulative investment.
- Healthcare spending of Rs 12,000 crore launched the Chiranjeevi Swasthya Bima Yojana preparation providing universal health coverage to all families in the state.
Compare Rajasthan Budget â Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|
| Total Expenditure | â | â | â | Rs 2.14 lakh crore | Rs 2.25 lakh crore |
| Revenue Receipts | â | â | â | Rs 1.7 lakh crore | Rs 1.75 lakh crore |
| Capital Expenditure | â | â | â | Rs 32,000 crore | Rs 30,000 crore |
| Fiscal Deficit (% GSDP) | â | â | â | 3.5% | 3.9% |
| Own Tax Revenue | â | â | â | Rs 84,500 crore | Rs 86,000 crore |
Columns showing "â" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Rajasthan State Budget 2019-20
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