Uttarakhand State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Uttarakhand FY 2024-25
Uttarakhand State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 60,553 crore
+10.8%
Total Expenditure
Rs 69,596 crore
+12.3%
Fiscal Deficit
2.4%
Rs 9,416 crore
Capital Expenditure
Rs 13,780 crore
+32.5%
Tax Revenue
Rs 22,509 crore
+14.7%
Interest Payments
Rs 6,636 crore
10% of expenditure
Uttarakhand Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Uttarakhand Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Uttarakhand 2024-25
The fiscal deficit for Uttarakhand in 2024-25 is 2.4% of GSDP (Rs 9,416 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 6,636 crore consume 9.5% of total expenditure.
Uttarakhand State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 88,597 crore | 100% |
| 1. Revenue Receipts | Rs 60,553 crore | 68.3% |
| a. Own Tax Revenue | Rs 22,509 crore | 25.4% |
| b. Non-Tax Revenue | Rs 4,873 crore | 5.5% |
| B. Total Expenditure | Rs 69,596 crore | 100% |
| 1. Revenue Expenditure | Rs 55,816 crore | 80.2% |
| 2. Capital Expenditure | Rs 13,780 crore | 19.8% |
| of which: Interest Payments | Rs 6,636 crore | 9.5% |
| C. Fiscal Deficit | Rs 9,416 crore | 2.4% of GSDP |
Source: Uttarakhand State Budget Documents via PRS India. All figures in Indian Rupees.
Uttarakhand Department-wise Expenditure 2024-25
Top departments by allocation in Uttarakhand for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 8,500 crore | Rs 1,000 crore | Rs 9,500 crore | 13.7% |
2. Transport & Roads | Rs 2,200 crore | Rs 3,600 crore | Rs 5,800 crore | 8.3% |
3. Health & Family Welfare | Rs 4,000 crore | Rs 1,300 crore | Rs 5,300 crore | 7.6% |
4. Rural Development | Rs 3,500 crore | Rs 1,500 crore | Rs 5,000 crore | 7.2% |
5. Energy | Rs 3,400 crore | Rs 1,300 crore | Rs 4,700 crore | 6.8% |
6. Agriculture & Allied | Rs 3,000 crore | Rs 700 crore | Rs 3,700 crore | 5.3% |
7. Police & Home | Rs 3,100 crore | Rs 450 crore | Rs 3,550 crore | 5.1% |
8. Water Supply & Sanitation | Rs 1,500 crore | Rs 1,700 crore | Rs 3,200 crore | 4.6% |
9. Urban Development | Rs 1,800 crore | Rs 1,000 crore | Rs 2,800 crore | 4.0% |
10. Tourism & Culture | Rs 1,300 crore | Rs 500 crore | Rs 1,800 crore | 2.6% |
Uttarakhand Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 70,094 crore with continued focus on hill infrastructure
- Revenue receipts of Rs 60,553 crore including Rs 22,509 crore from own taxes
- Revenue surplus of Rs 4,737 crore โ healthy revenue account management
- Fiscal deficit at 2.4% of GSDP (Rs 9,416 crore), among the lowest nationally
- Capital expenditure of Rs 13,780 crore emphasises roads, hydro, and disaster resilience
- Char Dham Highway project continues to drive road construction expenditure
- Non-tax revenue at Rs 4,873 crore boosted by hydropower royalties
- Tourism sector recovery post-pandemic with record footfall at pilgrimage sites
- Outstanding debt at Rs 83,000 crore with debt-to-GSDP at 21.0%
- Interest payments at Rs 6,636 crore โ 11.0% of revenue receipts
- Agriculture and horticulture allocation at Rs 3,700 crore supports apple and walnut cultivation
- GSDP at Rs 3,94,675 crore growing at around 10% nominal rate
Compare Uttarakhand Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 61,988 crore | Rs 69,596 crore |
| Revenue Receipts | โ | โ | โ | Rs 54,627 crore | Rs 60,553 crore |
| Capital Expenditure | โ | โ | โ | Rs 10,403 crore | Rs 13,780 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.2% | 2.4% |
| Own Tax Revenue | โ | โ | โ | Rs 19,620 crore | Rs 22,509 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Uttarakhand State Budget 2024-25
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