Rajasthan State Budget 2024-25 Analysis

Budget Estimate

Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2024-25

Rajasthan State Budget 2024-25 Budget at a Glance

Total Receipts

Rs 2.63 lakh crore

+9.7%

Total Expenditure

Rs 3.34 lakh crore

+11.2%

Fiscal Deficit

4.1%

Rs 70,000 crore

Capital Expenditure

Rs 38,300 crore

+19.7%

Tax Revenue

Rs 1.08 lakh crore

+10.2%

Interest Payments

Rs 38,000 crore

11% of expenditure

Rajasthan Revenue Receipts 2024-25

Own tax revenue vs non-tax revenue breakdown

Tax Revenue

Rs 1.08 lakh crore (86.1%)

Non-Tax Revenue

Rs 17,500 crore (13.9%)

Rajasthan Expenditure Breakdown 2024-25

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 88.5%

Capital Expenditure 11.5%

Top 10 Departments by Allocation

Fiscal Deficit as % of GSDP — Rajasthan 2024-25

The fiscal deficit for Rajasthan in 2024-25 is 4.1% of GSDP (Rs 70,000 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 38,000 crore consume 11.4% of total expenditure.

Rajasthan State Budget 2024-25 — Receipts & Expenditure Summary

Particulars	Amount	% of Total
A. Total Receipts	Rs 3.27 lakh crore	100%
1. Revenue Receipts	Rs 2.63 lakh crore	80.4%
a. Own Tax Revenue	Rs 1.08 lakh crore	33.0%
b. Non-Tax Revenue	Rs 17,500 crore	5.3%
B. Total Expenditure	Rs 3.34 lakh crore	100%
1. Revenue Expenditure	Rs 2.95 lakh crore	88.5%
2. Capital Expenditure	Rs 38,300 crore	11.5%
of which: Interest Payments	Rs 38,000 crore	11.4%
C. Fiscal Deficit	Rs 70,000 crore	4.1% of GSDP

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

Rajasthan Department-wise Expenditure 2024-25

Top departments by allocation in Rajasthan for 2024-25

Department ↕	Revenue ↕	Capital ↕	Total ↓	Share
1. Education	Rs 42,000 crore	Rs 4,000 crore	Rs 46,000 crore	13.8%
2. Social Welfare	Rs 26,000 crore	Rs 2,500 crore	Rs 28,500 crore	8.5%
3. Agriculture & Allied	Rs 19,000 crore	Rs 3,500 crore	Rs 22,500 crore	6.7%
4. Health & Family Welfare	Rs 17,500 crore	Rs 3,500 crore	Rs 21,000 crore	6.3%
5. Energy	Rs 16,000 crore	Rs 4,000 crore	Rs 20,000 crore	6.0%
6. Rural Development	Rs 14,000 crore	Rs 5,000 crore	Rs 19,000 crore	5.7%
7. Water Resources & Irrigation	Rs 7,000 crore	Rs 8,000 crore	Rs 15,000 crore	4.5%
8. Police & Home	Rs 11,500 crore	Rs 1,500 crore	Rs 13,000 crore	3.9%
9. Transport & Roads	Rs 5,000 crore	Rs 7,000 crore	Rs 12,000 crore	3.6%
10. Urban Development	Rs 8,500 crore	Rs 3,000 crore	Rs 11,500 crore	3.4%

Rajasthan Budget 2024-25 Analysis & Highlights

Key Highlights

Congress government under Ashok Gehlot presented a welfare-heavy budget before state elections.
Total expenditure at Rs 3.4 lakh crore with Rs 1 lakh crore for social sector programs.
Chiranjeevi Health Insurance Scheme expanded to cover all families with Rs 25 lakh coverage per family.
Old Pension Scheme implementation cost Rs 15,000 crore, consuming 8% of total expenditure.
Indira Gandhi Urban Employment Guarantee Scheme received Rs 5,000 crore for urban job creation.
State GST collections target of Rs 48,000 crore based on 14% growth assumption.
Mining sector reforms projected to increase mineral revenue by 20% through auction-based allocations.
Solar energy projects attracted Rs 50,000 crore in private investment commitments.
Agriculture allocation of Rs 18,000 crore focused on micro-irrigation and cold storage infrastructure.
Fiscal deficit at 3.3% of GSDP with total debt exceeding Rs 4.5 lakh crore.
Tourism sector allocated Rs 4,000 crore including new airport terminal at Udaipur.

Compare Rajasthan Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric	2020-21	2021-22	2022-23	2023-24	2024-25
Total Expenditure	—	—	—	Rs 3 lakh crore	Rs 3.34 lakh crore
Revenue Receipts	—	—	—	Rs 2.4 lakh crore	Rs 2.63 lakh crore
Capital Expenditure	—	—	—	Rs 32,000 crore	Rs 38,300 crore
Fiscal Deficit (% GSDP)	—	—	—	3.9%	4.1%
Own Tax Revenue	—	—	—	Rs 98,000 crore	Rs 1.08 lakh crore

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

2023-24 2025-26

Understanding Rajasthan State Budget 2024-25

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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