Uttar Pradesh State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Uttar Pradesh FY 2023-24
Uttar Pradesh State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 4.68 lakh crore
+26.4%
Total Expenditure
Rs 5.48 lakh crore
+21.1%
Fiscal Deficit
3.2%
Rs 80,723 crore
Capital Expenditure
Rs 1.17 lakh crore
+79.6%
Tax Revenue
Rs 1.9 lakh crore
-5.0%
Interest Payments
Rs 48,723 crore
9% of expenditure
Uttar Pradesh Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Uttar Pradesh 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 â Uttar Pradesh 2023-24
The fiscal deficit for Uttar Pradesh in 2023-24 is 3.2% of GSDP (Rs 80,723 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. Uttar Pradesh is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 48,723 crore consume 8.9% of total expenditure.
Uttar Pradesh State Budget 2023-24 â Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 5.48 lakh crore | 100% |
| 1. Revenue Receipts | Rs 4.68 lakh crore | 85.3% |
| a. Own Tax Revenue | Rs 1.9 lakh crore | 34.6% |
| b. Non-Tax Revenue | Rs 30,000 crore | 5.5% |
| B. Total Expenditure | Rs 5.48 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 4.32 lakh crore | 78.7% |
| 2. Capital Expenditure | Rs 1.17 lakh crore | 21.3% |
| of which: Interest Payments | Rs 48,723 crore | 8.9% |
| C. Fiscal Deficit | Rs 80,723 crore | 3.2% of GSDP |
Source: Uttar Pradesh State Budget Documents via PRS India. All figures in Indian Rupees.
Uttar Pradesh Department-wise Expenditure 2023-24
Top departments by allocation in Uttar Pradesh for 2023-24
| Department â | Revenue â | Capital â | Total â | Share |
|---|---|---|---|---|
1. Education | Rs 60,000 crore | Rs 8,000 crore | Rs 68,000 crore | 12.4% |
2. Rural Development | Rs 38,000 crore | Rs 12,000 crore | Rs 50,000 crore | 9.1% |
3. Health & Family Welfare | Rs 26,000 crore | Rs 7,000 crore | Rs 33,000 crore | 6.0% |
4. Transport & Roads | Rs 10,000 crore | Rs 20,000 crore | Rs 30,000 crore | 5.5% |
5. Agriculture & Allied | Rs 26,000 crore | Rs 4,000 crore | Rs 30,000 crore | 5.5% |
6. Energy | Rs 20,000 crore | Rs 6,000 crore | Rs 26,000 crore | 4.7% |
7. Police & Home | Rs 22,000 crore | Rs 3,000 crore | Rs 25,000 crore | 4.6% |
8. Urban Development | Rs 12,000 crore | Rs 10,000 crore | Rs 22,000 crore | 4.0% |
9. Water Supply & Sanitation | Rs 8,000 crore | Rs 12,000 crore | Rs 20,000 crore | 3.6% |
10. Social Welfare | Rs 17,000 crore | Rs 2,000 crore | Rs 19,000 crore | 3.5% |
Uttar Pradesh Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised estimates show total expenditure at Rs 6.3 lakh crore, 4% above initial budget estimates.
- Central transfers exceeded projections by Rs 15,000 crore due to higher tax devolution.
- Expressway construction expenditure utilized 92% of allocated funds, among highest efficiency rates.
- Free ration distribution under PM Garib Kalyan Anna Yojana reached 15 crore beneficiaries.
- State GST collections reached Rs 78,000 crore, growing 18% year-on-year from low base.
- Agriculture procurement support of Rs 8,000 crore for wheat and paddy at MSP.
- Capital expenditure utilization at 78%, improved from previous year's 72%.
- Pension and salary bill consumed 45% of revenue expenditure, the highest ratio among major states.
- Urban development spending rose 25% over budget estimates for Lucknow, Varanasi, and Prayagraj.
- Fiscal deficit at revised estimates came in at 3.5% of GSDP, touching the FRBM ceiling.
Compare Uttar Pradesh Budget â Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2019-20 | 2020-21 | 2021-22 | 2022-23 | 2023-24 |
|---|---|---|---|---|---|
| Total Expenditure | â | â | â | Rs 4.53 lakh crore | Rs 5.48 lakh crore |
| Revenue Receipts | â | â | â | Rs 3.7 lakh crore | Rs 4.68 lakh crore |
| Capital Expenditure | â | â | â | Rs 65,000 crore | Rs 1.17 lakh crore |
| Fiscal Deficit (% GSDP) | â | â | â | 3.4% | 3.2% |
| Own Tax Revenue | â | â | â | Rs 2 lakh crore | Rs 1.9 lakh crore |
Columns showing "â" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Uttar Pradesh State Budget 2023-24
The Uttar Pradesh 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.
Uttar Pradesh 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 Uttar Pradesh with other states
Side-by-side comparison of fiscal metrics across Indian states