Uttarakhand State Budget 2023-24 Analysis
Revised EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Uttarakhand FY 2023-24
Uttarakhand State Budget 2023-24 Budget at a Glance
Total Receipts
Rs 54,627 crore
+21.4%
Total Expenditure
Rs 61,988 crore
+9.7%
Fiscal Deficit
2.2%
Rs 7,459 crore
Capital Expenditure
Rs 10,403 crore
+22.4%
Tax Revenue
Rs 19,620 crore
-4.3%
Interest Payments
Rs 6,000 crore
10% of expenditure
Uttarakhand Revenue Receipts 2023-24
Own tax revenue vs non-tax revenue breakdown
Uttarakhand 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 Uttarakhand 2023-24
The fiscal deficit for Uttarakhand in 2023-24 is 2.2% of GSDP (Rs 7,459 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 9.7% of total expenditure.
Uttarakhand State Budget 2023-24 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 77,411 crore | 100% |
| 1. Revenue Receipts | Rs 54,627 crore | 70.6% |
| a. Own Tax Revenue | Rs 19,620 crore | 25.3% |
| b. Non-Tax Revenue | Rs 4,175 crore | 5.4% |
| B. Total Expenditure | Rs 61,988 crore | 100% |
| 1. Revenue Expenditure | Rs 51,585 crore | 83.2% |
| 2. Capital Expenditure | Rs 10,403 crore | 16.8% |
| of which: Interest Payments | Rs 6,000 crore | 9.7% |
| C. Fiscal Deficit | Rs 7,459 crore | 2.2% of GSDP |
Source: Uttarakhand State Budget Documents via PRS India. All figures in Indian Rupees.
Uttarakhand Department-wise Expenditure 2023-24
Top departments by allocation in Uttarakhand for 2023-24
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 7,500 crore | Rs 900 crore | Rs 8,400 crore | 13.6% |
2. Transport & Roads | Rs 1,900 crore | Rs 3,000 crore | Rs 4,900 crore | 7.9% |
3. Health & Family Welfare | Rs 3,500 crore | Rs 1,100 crore | Rs 4,600 crore | 7.4% |
4. Rural Development | Rs 3,000 crore | Rs 1,300 crore | Rs 4,300 crore | 6.9% |
5. Energy | Rs 3,000 crore | Rs 1,100 crore | Rs 4,100 crore | 6.6% |
6. Agriculture & Allied | Rs 2,600 crore | Rs 600 crore | Rs 3,200 crore | 5.2% |
7. Police & Home | Rs 2,700 crore | Rs 400 crore | Rs 3,100 crore | 5.0% |
8. Water Supply & Sanitation | Rs 1,300 crore | Rs 1,400 crore | Rs 2,700 crore | 4.4% |
9. Urban Development | Rs 1,500 crore | Rs 850 crore | Rs 2,350 crore | 3.8% |
10. Tourism & Culture | Rs 1,100 crore | Rs 400 crore | Rs 1,500 crore | 2.4% |
Uttarakhand Budget 2023-24 Analysis & Highlights
Key Highlights
- Revised expenditure at Rs 62,160 crore, below the original budget estimate
- Revenue receipts at Rs 54,627 crore with tax collections at Rs 19,620 crore
- Revenue surplus of Rs 3,041 crore maintained despite revenue underperformance
- Fiscal deficit at 2.2% of GSDP (Rs 7,459 crore), conservative fiscal stance
- Capital expenditure at Rs 10,403 crore โ lower than budgeted but still significant
- Joshimath subsidence crisis required emergency allocation for relief and rehabilitation
- Non-tax revenue at Rs 4,175 crore with hydropower royalties as steady contributor
- Disaster management spending elevated due to cloudbursts in Chamoli and Pithoragarh
- Outstanding debt at Rs 76,000 crore, debt-to-GSDP at 22.0%
- Interest payments at Rs 6,059 crore, primary deficit at just Rs 1,400 crore
- Pharmaceutical sector GST collections remained stable as a revenue anchor
- GSDP at Rs 3,46,206 crore reflecting moderate growth in the hill economy
Compare Uttarakhand 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 56,500 crore | Rs 61,988 crore |
| Revenue Receipts | โ | โ | โ | Rs 45,000 crore | Rs 54,627 crore |
| Capital Expenditure | โ | โ | โ | Rs 8,500 crore | Rs 10,403 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.4% | 2.2% |
| Own Tax Revenue | โ | โ | โ | Rs 20,500 crore | Rs 19,620 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Uttarakhand State Budget 2023-24
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.
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Compare Uttarakhand with other states
Side-by-side comparison of fiscal metrics across Indian states