Uttarakhand State Budget 2022-23 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Uttarakhand FY 2022-23
Uttarakhand State Budget 2022-23 Budget at a Glance
Total Receipts
Rs 45,000 crore
+13.9%
Total Expenditure
Rs 56,500 crore
+11.9%
Fiscal Deficit
3.4%
Rs 9,500 crore
Capital Expenditure
Rs 8,500 crore
+13.3%
Tax Revenue
Rs 20,500 crore
+15.2%
Interest Payments
Rs 6,000 crore
11% of expenditure
Uttarakhand Revenue Receipts 2022-23
Own tax revenue vs non-tax revenue breakdown
Uttarakhand Expenditure Breakdown 2022-23
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Uttarakhand 2022-23
The fiscal deficit for Uttarakhand in 2022-23 is 3.4% of GSDP (Rs 9,500 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. Uttarakhand is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 6,000 crore consume 10.6% of total expenditure.
Uttarakhand State Budget 2022-23 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 56,000 crore | 100% |
| 1. Revenue Receipts | Rs 45,000 crore | 80.4% |
| a. Own Tax Revenue | Rs 20,500 crore | 36.6% |
| b. Non-Tax Revenue | Rs 8,500 crore | 15.2% |
| B. Total Expenditure | Rs 56,500 crore | 100% |
| 1. Revenue Expenditure | Rs 48,000 crore | 85.0% |
| 2. Capital Expenditure | Rs 8,500 crore | 15.0% |
| of which: Interest Payments | Rs 6,000 crore | 10.6% |
| C. Fiscal Deficit | Rs 9,500 crore | 3.4% of GSDP |
Source: Uttarakhand State Budget Documents via PRS India. All figures in Indian Rupees.
Uttarakhand Budget 2022-23 Analysis & Highlights
Key Highlights
- Total expenditure reached approximately Rs 53,000 crore under the re-elected BJP government of Chief Minister Pushkar Singh Dhami, marking a 12% jump reflecting economic normalisation.
- Revenue receipts grew to Rs 44,500 crore as the post-pandemic recovery matured and all economic sectors returned to or exceeded pre-COVID levels.
- Own tax revenue surged to Rs 16,200 crore, a 17% jump driven by booming GST collections, property registrations, and excise revenue.
- GST compensation from the centre ended in June 2022, but the state's own GST collections had grown sufficiently to partially offset the loss.
- Tourism arrivals exceeded 40 million for the first time, surpassing pre-pandemic levels as the Char Dham yatra recorded its highest-ever footfall.
- Char Dham highway project crossed 70% completion with Rs 5,000 crore spent during the year, and several completed stretches transformed travel times.
- Education spending reached Rs 9,000 crore with emphasis on the new National Education Policy implementation and establishing PM SHRI model schools.
- Health sector received Rs 5,200 crore as the state consolidated pandemic-era infrastructure investments into permanent healthcare capacity.
- Industrial production in the Dehradun-Haridwar corridor reached an all-time high, with Patanjali, Dabur, and pharma companies expanding operations.
- The state government launched a Rs 1,000 crore 'Lakhpati Didi' scheme to support women's self-help groups in rural areas.
- Revenue surplus of Rs 500 crore was achieved for the first time in several years, a significant fiscal milestone.
- Fiscal deficit moderated to Rs 4,200 crore at approximately 2.8% of GSDP, returning within the 3% FRBM ceiling.
- Capital expenditure at Rs 8,500 crore was the highest ever, with the state benefiting from the centre's Rs 1 lakh crore interest-free capital expenditure loan scheme for states.
- The Kedarnath-Badrinath-Hemkund Master Plan received Rs 2,000 crore for developing the Char Dham circuit as a world-class pilgrimage destination.
- Outstanding debt crossed Rs 62,000 crore, though the debt-to-GSDP ratio stabilised at approximately 25%.
Compare Uttarakhand Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 50,500 crore | Rs 56,500 crore |
| Revenue Receipts | โ | โ | โ | Rs 39,500 crore | Rs 45,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 7,500 crore | Rs 8,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.5% | 3.4% |
| Own Tax Revenue | โ | โ | โ | Rs 17,800 crore | Rs 20,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Uttarakhand State Budget 2022-23
The Uttarakhand 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.
Uttarakhand 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 Uttarakhand with other states
Side-by-side comparison of fiscal metrics across Indian states