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Rajasthan State Budget 2020-21 Analysis

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Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2020-21

Rajasthan State Budget 2020-21 Budget at a Glance

Total Receipts

Rs 1.55 lakh crore

-11.4%

Total Expenditure

Rs 2.2 lakh crore

-2.2%

Fiscal Deficit

5.5%

Rs 62,000 crore

Capital Expenditure

Rs 28,000 crore

-6.7%

Tax Revenue

Rs 73,000 crore

-15.1%

Interest Payments

Rs 29,000 crore

13% of expenditure

Rajasthan Revenue Receipts 2020-21

Own tax revenue vs non-tax revenue breakdown

Tax Revenue
Rs 73,000 crore (47.1%)
Non-Tax Revenue
Rs 82,000 crore (52.9%)

Rajasthan Expenditure Breakdown 2020-21

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 87.3%
Capital Expenditure 12.7%

Fiscal Deficit as % of GSDP — Rajasthan 2020-21

The fiscal deficit for Rajasthan in 2020-21 is 5.5% of GSDP (Rs 62,000 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 29,000 crore consume 13.2% of total expenditure.

Rajasthan State Budget 2020-21 — Receipts & Expenditure Summary

ParticularsAmount% of Total
A. Total ReceiptsRs 1.92 lakh crore100%
1. Revenue ReceiptsRs 1.55 lakh crore80.7%
a. Own Tax RevenueRs 73,000 crore38.0%
b. Non-Tax RevenueRs 82,000 crore42.7%
B. Total ExpenditureRs 2.2 lakh crore100%
1. Revenue ExpenditureRs 1.92 lakh crore87.3%
2. Capital ExpenditureRs 28,000 crore12.7%
of which: Interest PaymentsRs 29,000 crore13.2%
C. Fiscal DeficitRs 62,000 crore5.5% of GSDP

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

Rajasthan Budget 2020-21 Analysis & Highlights

Key Highlights

  • COVID-19 devastated Rajasthan's tourism sector with 80% revenue decline in hotels and heritage sites.
  • Fiscal deficit widened to 4.8% of GSDP under expanded borrowing permissions.
  • Migrant worker return created employment crisis; 25 lakh workers returned from Gujarat and Maharashtra.
  • Mineral revenue fell 30% as construction activity halted during lockdown months.
  • Agriculture provided economic stability with 5% growth following excellent monsoon.
  • Emergency health spending of Rs 4,000 crore for COVID testing and treatment infrastructure.
  • State debt crossed Rs 3.5 lakh crore with debt-GSDP ratio reaching 36%.
  • MNREGA spending surged to Rs 10,000 crore as returned migrants sought rural employment.
  • Capital expenditure contracted 25% to Rs 22,000 crore as resources diverted to pandemic response.
  • Jaipur and Jodhpur declared COVID hotspots requiring Rs 1,500 crore in targeted health response.

Compare Rajasthan Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric2016-172017-182018-192019-202020-21
Total Expenditure———Rs 2.25 lakh croreRs 2.2 lakh crore
Revenue Receipts———Rs 1.75 lakh croreRs 1.55 lakh crore
Capital Expenditure———Rs 30,000 croreRs 28,000 crore
Fiscal Deficit (% GSDP)———3.9%5.5%
Own Tax Revenue———Rs 86,000 croreRs 73,000 crore

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

2019-20 2021-22

Understanding Rajasthan State Budget 2020-21

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

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