Tripura State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Tripura FY 2023-24
Tripura State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 22,354 crore
+14.6%
Total Expenditure
Rs 25,756 crore
+14.5%
Fiscal Deficit
4.0%
Rs 3,381 crore
Capital Expenditure
Rs 4,334 crore
+23.8%
Tax Revenue
Rs 3,456 crore
-23.2%
Interest Payments
Rs 1,281 crore
5% of expenditure
Tripura Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Tripura 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 Tripura 2023-24
The fiscal deficit for Tripura in 2023-24 is 4.0% of GSDP (Rs 3,381 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. Tripura's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 1,281 crore consume 5.0% of total expenditure.
Tripura State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 25,756 crore | 100% |
| 1. Revenue Receipts | Rs 22,354 crore | 86.8% |
| a. Own Tax Revenue | Rs 3,456 crore | 13.4% |
| b. Non-Tax Revenue | Rs 420 crore | 1.6% |
| B. Total Expenditure | Rs 25,756 crore | 100% |
| 1. Revenue Expenditure | Rs 21,320 crore | 82.8% |
| 2. Capital Expenditure | Rs 4,334 crore | 16.8% |
| of which: Interest Payments | Rs 1,281 crore | 5.0% |
| C. Fiscal Deficit | Rs 3,381 crore | 4.0% of GSDP |
Source: Tripura State Budget Documents via PRS India. All figures in Indian Rupees.
Tripura Department-wise Expenditure 2023-24
Top departments by allocation in Tripura for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 3,900 crore | Rs 350 crore | Rs 4,250 crore | 16.5% |
2. Rural Development | Rs 2,200 crore | Rs 600 crore | Rs 2,800 crore | 10.9% |
3. Health & Family Welfare | Rs 1,800 crore | Rs 380 crore | Rs 2,180 crore | 8.5% |
4. Public Works & Roads | Rs 1,000 crore | Rs 1,100 crore | Rs 2,100 crore | 8.2% |
5. Police & Home | Rs 1,450 crore | Rs 150 crore | Rs 1,600 crore | 6.2% |
6. Agriculture & Allied | Rs 1,150 crore | Rs 300 crore | Rs 1,450 crore | 5.6% |
7. Social Welfare | Rs 1,050 crore | Rs 110 crore | Rs 1,160 crore | 4.5% |
8. Energy | Rs 900 crore | Rs 260 crore | Rs 1,160 crore | 4.5% |
9. Water Supply & Sanitation | Rs 480 crore | Rs 520 crore | Rs 1,000 crore | 3.9% |
10. Urban Development | Rs 520 crore | Rs 360 crore | Rs 880 crore | 3.4% |
Tripura Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 25,756 crore, close to original budget estimates
- Revenue receipts at Rs 22,354 crore with own tax at Rs 3,456 crore
- Revenue surplus of Rs 1,034 crore maintained despite revenue shortfall
- Fiscal deficit at 4.0% of GSDP (Rs 3,381 crore), moderate and manageable
- Capital expenditure at Rs 4,334 crore โ lower than budgeted due to execution gaps
- Rubber prices remained volatile, impacting grower incomes and state revenue
- Central transfer dependency at over 83% of total revenue receipts
- Outstanding debt at Rs 23,800 crore, debt-to-GSDP at 28.3%
- Interest payments at Rs 1,281 crore โ comfortable debt service position
- Infrastructure execution hampered by monsoon and terrain challenges
- Bamboo mission programmes continued with mixed implementation outcomes
- GSDP at Rs 84,127 crore reflecting steady growth in a small economy
Compare Tripura 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 22,500 crore | Rs 25,756 crore |
| Revenue Receipts | โ | โ | โ | Rs 19,500 crore | Rs 22,354 crore |
| Capital Expenditure | โ | โ | โ | Rs 3,500 crore | Rs 4,334 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.6% | 4.0% |
| Own Tax Revenue | โ | โ | โ | Rs 4,500 crore | Rs 3,456 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Tripura State Budget 2023-24
The Tripura 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.
Tripura 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.
Explore More
Compare Tripura with other states
Side-by-side comparison of fiscal metrics across Indian states