Sikkim State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Sikkim FY 2023-24
Sikkim State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 9,500 crore
-5.0%
Total Expenditure
Rs 12,250 crore
+2.1%
Fiscal Deficit
5.3%
Rs 2,750 crore
Capital Expenditure
Rs 3,700 crore
+68.2%
Tax Revenue
Rs 1,650 crore
+3.1%
Interest Payments
Rs 700 crore
6% of expenditure
Sikkim Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Sikkim Expenditure Breakdown 2023-24
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Sikkim 2023-24
The fiscal deficit for Sikkim in 2023-24 is 5.3% of GSDP (Rs 2,750 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. Sikkim's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 700 crore consume 5.7% of total expenditure.
Sikkim State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 12,250 crore | 100% |
| 1. Revenue Receipts | Rs 9,500 crore | 77.6% |
| a. Own Tax Revenue | Rs 1,650 crore | 13.5% |
| b. Non-Tax Revenue | Rs 980 crore | 8.0% |
| B. Total Expenditure | Rs 12,250 crore | 100% |
| 1. Revenue Expenditure | Rs 8,550 crore | 69.8% |
| 2. Capital Expenditure | Rs 3,700 crore | 30.2% |
| of which: Interest Payments | Rs 700 crore | 5.7% |
| C. Fiscal Deficit | Rs 2,750 crore | 5.3% of GSDP |
Source: Sikkim State Budget Documents via PRS India. All figures in Indian Rupees.
Sikkim Department-wise Expenditure 2023-24
Top departments by allocation in Sikkim for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 1,400 crore | Rs 140 crore | Rs 1,540 crore | 12.6% |
2. Public Works & Roads | Rs 450 crore | Rs 900 crore | Rs 1,350 crore | 11.0% |
3. Rural Development | Rs 920 crore | Rs 320 crore | Rs 1,240 crore | 10.1% |
4. Health & Family Welfare | Rs 680 crore | Rs 280 crore | Rs 960 crore | 7.8% |
5. Police & Home | Rs 540 crore | Rs 70 crore | Rs 610 crore | 5.0% |
6. Agriculture & Allied | Rs 450 crore | Rs 150 crore | Rs 600 crore | 4.9% |
7. Energy | Rs 340 crore | Rs 230 crore | Rs 570 crore | 4.7% |
8. Water Supply & Sanitation | Rs 180 crore | Rs 280 crore | Rs 460 crore | 3.8% |
9. Social Welfare | Rs 380 crore | Rs 70 crore | Rs 450 crore | 3.7% |
10. Urban Development | Rs 220 crore | Rs 190 crore | Rs 410 crore | 3.3% |
Sikkim Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 12,250 crore โ includes emergency GLOF response spending
- Revenue receipts at Rs 9,500 crore with own tax at Rs 1,650 crore
- Revenue surplus of Rs 950 crore โ maintained despite disaster
- Fiscal deficit at 5.3% of GSDP (Rs 2,750 crore), elevated by emergency spending
- Capital expenditure at Rs 3,700 crore โ accelerated by post-GLOF reconstruction urgency
- October 2023 GLOF destroyed Teesta-III dam and critical North Sikkim infrastructure
- Emergency spending on rescue, relief, and temporary infrastructure
- Tourism sector suffered immediate losses from infrastructure destruction
- Outstanding debt at Rs 12,800 crore, debt-to-GSDP at 24.6%
- Interest payments at Rs 700 crore โ strong servicing capacity
- Pharma sector tax collections remained stable, providing fiscal anchor
- GSDP at Rs 51,892 crore โ per-capita among highest in northeast
Compare Sikkim Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 12,000 crore | Rs 12,250 crore |
| Revenue Receipts | โ | โ | โ | Rs 10,000 crore | Rs 9,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,200 crore | Rs 3,700 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 6.7% | 5.3% |
| Own Tax Revenue | โ | โ | โ | Rs 1,600 crore | Rs 1,650 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Sikkim State Budget 2023-24
The Sikkim 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.
Sikkim 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 Sikkim with other states
Side-by-side comparison of fiscal metrics across Indian states