Rajasthan State Budget 2026-27 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Rajasthan FY 2026-27
Rajasthan State Budget 2026-27 Budget at a Glance
Total Receipts
Rs 3.26 lakh crore
+14.1%
Total Expenditure
Rs 4.06 lakh crore
+12.8%
Fiscal Deficit
3.7%
Rs 79,493 crore
Capital Expenditure
Rs 55,578 crore
+35.7%
Tax Revenue
Rs 2.53 lakh crore
+110.9%
Interest Payments
Rs 43,675 crore
11% of expenditure
Rajasthan Revenue Receipts 2026-27
Own tax revenue vs non-tax revenue breakdown
Rajasthan Expenditure Breakdown 2026-27
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Rajasthan 2026-27
The fiscal deficit for Rajasthan in 2026-27 is 3.7% of GSDP (Rs 79,493 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 43,675 crore consume 10.8% of total expenditure.
Rajasthan State Budget 2026-27 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3.26 lakh crore | 100% |
| 1. Revenue Receipts | Rs 3.26 lakh crore | 99.9% |
| a. Own Tax Revenue | Rs 2.53 lakh crore | 77.6% |
| b. Non-Tax Revenue | Rs 28,435 crore | 8.7% |
| B. Total Expenditure | Rs 4.06 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 3.5 lakh crore | 86.3% |
| 2. Capital Expenditure | Rs 55,578 crore | 13.7% |
| of which: Interest Payments | Rs 43,675 crore | 10.8% |
| C. Fiscal Deficit | Rs 79,493 crore | 3.7% of GSDP |
Source: Rajasthan State Budget Documents via PRS India. All figures in Indian Rupees.
Rajasthan Department-wise Expenditure 2026-27
Top departments by allocation in Rajasthan for 2026-27
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education, Sports, Arts and Culture | Rs 59,772 crore | Rs 9,217 crore | Rs 68,989 crore | 17.0% |
2. Energy | Rs 37,040 crore | Rs 5,712 crore | Rs 42,752 crore | 10.5% |
3. Rural Development | Rs 28,546 crore | Rs 4,402 crore | Rs 32,948 crore | 8.1% |
4. Health and Family Welfare | Rs 28,181 crore | Rs 4,345 crore | Rs 32,526 crore | 8.0% |
5. Social Welfare and Nutrition | Rs 22,955 crore | Rs 3,540 crore | Rs 26,495 crore | 6.5% |
6. Urban Development | Rs 17,487 crore | Rs 2,697 crore | Rs 20,184 crore | 5.0% |
7. Agriculture and Allied Activities | Rs 15,779 crore | Rs 2,433 crore | Rs 18,212 crore | 4.5% |
8. Transport | Rs 4,601 crore | Rs 12,038 crore | Rs 16,639 crore | 4.1% |
9. Water Supply and Sanitation | Rs 12,379 crore | Rs 1,909 crore | Rs 14,288 crore | 3.5% |
10. Police | Rs 10,162 crore | Rs 1,567 crore | Rs 11,729 crore | 2.9% |
Rajasthan Budget 2026-27 Analysis & Highlights
Key Highlights
- Total expenditure (excluding debt repayment) for 2026-27 is budgeted at Rs 4,05,632 crore, up 13% over the 2025-26 revised estimate; with Rs 2,05,324 crore of debt repayment, the gross budget is Rs 6,10,956 crore.
- Fiscal deficit is targeted at Rs 79,493 crore (3.7% of GSDP), down from 3.9% in the 2025-26 revised estimates but still above the 16th Finance Commission's 3% norm for 2026-31.
- Revenue deficit compresses 26% to Rs 24,314 crore (1.1% of GSDP), from 1.8% of GSDP in the 2025-26 revised estimates.
- Capital outlay jumps 37% to Rs 53,978 crore โ but Rajasthan underspent its capital budget by 31% in 2024-25 and by 27% as per 2025-26 revised estimates.
- Rs 15,000 crore in 50-year interest-free SASCI loans from the centre will fund 28% of the 2026-27 capital outlay budget.
- Revenue receipts are budgeted at Rs 3,25,740 crore (+14%), with own tax revenue at Rs 1,62,668 crore (+17%) lifting the own-tax-to-GSDP ratio to 7.6% from 7.4%.
- State GST is the largest own-tax source at Rs 72,500 crore (45% of own tax, +18%); stamps and registration fees are budgeted to rise 25% to Rs 18,750 crore.
- Nominal GSDP is projected at Rs 21,52,100 crore for 2026-27 (+15%), after real GSDP growth of 8.7% in 2025-26 outpaced India's 7.4%.
- Committed expenditure of Rs 1,68,403 crore (salaries Rs 86,906 crore, pensions Rs 37,821 crore, interest Rs 43,675 crore) absorbs 52% of revenue receipts, down from 61% in 2024-25.
- Outstanding liabilities are projected at 36.8% of GSDP by end 2026-27 (down from 38% in RE 2025-26), with contingent guarantees of Rs 1,27,210 crore (6.8% of GSDP) on top.
- Education is the largest sector at Rs 68,989 crore โ 17.1% of sectoral spending versus a 14.5% all-states average โ including Rs 13,768 crore for Samagra Shiksha.
- Energy gets Rs 42,752 crore (+24%), including Rs 29,432 crore in grants for non-revision of electricity tariffs; total agricultural subsidies are estimated at Rs 42,191 crore.
- The new Mukhyamantri Yuva Swarojgar scheme gets Rs 1,000 crore, offering 100% interest subsidy on loans up to Rs 10 lakh for about one lakh youth.
Compare Rajasthan Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2022-23 | 2023-24 | 2024-25 | 2025-26 | 2026-27 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 3.59 lakh crore | Rs 4.06 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 2.86 lakh crore | Rs 3.26 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 40,956 crore | Rs 55,578 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.9% | 3.7% |
| Own Tax Revenue | โ | โ | โ | Rs 1.2 lakh crore | Rs 2.53 lakh crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Rajasthan State Budget 2026-27
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