|
| State Finances: A Study of Budgets of 2023-24 | |  13169 kb |
| Foreword | | 670 kb |
| Contents | | 749 kb |
| List of Abbreviations | | 642 kb |
|
| I. Overview | | 688 kb |
| II. Fiscal Position of the State Governments | | 2242 kb |
| III. Revenue Dynamics and Fiscal Capacity of Indian States | | 2166 kb |
| IV. The Way Forward | | 663 kb |
| References | | 670 kb |
| Explanatory Note on Data Sources and Methodology | | 653 kb |
| e-STATES Database |  14261 kb |
|
| Appendix Table 1: Major Deficit Indicators of State Governments | 11 kb | 653 kb |
| Appendix Table 2: Devolution and Transfer of Resources from the Centre | 14 kb | 680 kb |
| Appendix Table 3: Development and Non-Development Expenditure: Aggregate | 10 kb | 650 kb |
| Appendix Table 4: Development Expenditure - Major Heads | 12 kb | 660 kb |
| Appendix Table 5: Non-Development Expenditure - Major Heads | 10 kb | 649 kb |
| Appendix Table 6: Development and Non-Development Expenditure | 10 kb | 647 kb |
| Appendix Table 7: Composition of Social Sector Expenditure | 18 kb | 700 kb |
| Appendix Table 8: Decomposition of Gross Fiscal Deficit | 12 kb | 654 kb |
| Appendix Table 9: Financing of Gross Fiscal Deficit | 13 kb | 664 kb |
| Appendix Table 10: Financing of Gross Fiscal Deficit - As Per cent of Total | 11 kb | 659 kb |
| Appendix Table 11: Composition of Outstanding Liabilities of State Governments and UTs | 13 kb | 665 kb |
| Appendix Table 12: Composition of Outstanding Liabilities of State Governments and UTs - As Proportion to Total | 12 kb | 662 kb |
| Appendix Table 13: State Government Market Borrowings | 9 kb | 643 kb |
|
| Statement 1: Major Fiscal Indicators | 15 kb | 687 kb |
| Statement 2: Revenue Deficit/Surplus | 11 kb | 656 kb |
| Statement 3: Gross Fiscal Deficit/Surplus | 12 kb | 656 kb |
| Statement 4: Decomposition of Gross Fiscal Deficit | 13 kb | 667 kb |
| Statement 5: Financing of Gross Fiscal Deficit – 2021-22 (Accounts) | 12 kb | 687 kb |
| Statement 6: Financing of Gross Fiscal Deficit – As per cent of Total – 2021-22 (Accounts) | 12 kb | 662 kb |
| Statement 7: Financing of Gross Fiscal Deficit – 2022-23 (RE) | 12 kb | 663 kb |
| Statement 8: Financing of Gross Fiscal Deficit – As per cent of Total – 2022-23 (RE) | 11 kb | 662 kb |
| Statement 9: Financing of Gross Fiscal Deficit – 2023-24 (BE) | 12 kb | 663 kb |
| Statement 10: Financing of Gross Fiscal Deficit – As per cent of Total – 2023-24 (BE) | 11 kb | 662 kb |
| Statement 11: Development Expenditure | 11 kb | 648 kb |
| Statement 12: Non-Development Expenditure | 10 kb | 648 kb |
| Statement 13: Interest Payments | 12 kb | 657 kb |
| Statement 14: Tax Revenue | 11 kb | 655 kb |
| Statement 15: Non-Tax Revenue | 11 kb | 655 kb |
| Statement 16: Loans from the Centre | 12 kb | 658 kb |
| Statement 17: Devolution and Transfer of Resources from the Centre | 12 kb | 657 kb |
| Statement 18: Composition of Outstanding Liabilities | 26 kb | 763 kb |
| Statement 19: Total Outstanding Liabilities of State Governments | 15 kb | 675 kb |
| Statement 20: Total Outstanding Liabilities – As per cent of Gross State Domestic Product | 12 kb | 672 kb |
| Statement 21: Market Borrowings of State Governments | 11 kb | 649 kb |
| Statement 22: State Government Market Loans | | 1342 kb |
| Statement 23: Maturity Profile of Outstanding State Government Securities | 13 kb | 670 kb |
| Statement 24: Maturity Profile of Outstanding State Government Securities - As Percentage of Total | 13 kb | 669 kb |
| Statement 25: Investment Outstanding in Treasury Bills | 12 kb | 667 kb |
| Statement 26: Expenditure on Education - As Ratio to Aggregate Expenditure | 13 kb | 671 kb |
| Statement 27: Expenditure on Medical and Public Health and Family Welfare - As per cent of Aggregate Expenditure | 12 kb | 670 kb |
| Statement 28: Outstanding Guarantees of State Governments | 14 kb | 671 kb |
| Statement 29: Expenditure on Wages and Salaries | 14 kb | 673 kb |
| Statement 30: Expenditure on Operations and Maintenance | 13 kb | 671 kb |
| Statement 31: Social Sector Expenditure | 15 kb | 674 kb |
| Statement 32: Social Sector Expenditure as per cent of Total Disbursement | 12 kb | 669 kb |
| Statement 33: Revenue Receipts of State Governments and UTs | 12 kb | 668 kb |
| Statement 34: Revenue Expenditure of State Governments and UTs | 13 kb | 675 kb |
| Statement 35: Development Expenditure: Select Indicators | 11 kb | 661 kb |
| Statement 36: Subsidies | 11 kb | 650 kb |
| Statement 37: States' Expenditure on Medical and Public Health, Family Welfare and Water Supply and Sanitation | 14 kb | 668 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 23 kb | 714 kb |
| States: Chhattisgarh, Goa, Gujarat, Haryana | 23 kb | 98 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 24 kb | 97 kb |
| States: Kerala, Madhya Pradesh, Maharashtra, Manipur | 23 kb | 98 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha | 23 kb | 97 kb |
| States: Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 97 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal | 28 kb | 106 kb |
| States: National Capital Territory of Delhi, Puducherry, All States and UTs | 22 kb | 97 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 24 kb | 703 kb |
| States: Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 71 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 23 kb | 71 kb |
| States: Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 72 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha | 24 kb | 71 kb |
| States: Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 71 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal | 29 kb | 762 kb |
| States: National Capital Territory of Delhi, Puducherry, All States and UTs | 23 kb | 70 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 81 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 81 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 81 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal, Delhi, Puducherry, All States and UTs | 28 kb | 100 kb |
|
| States: Andhra Pradesh and Arunachal Pradesh | 20 kb | 80 kb |
| States: Assam and Bihar | 19 kb | 80 kb |
| States: Chhattisgarh and Goa | 19 kb | 80 kb |
| States: Gujarat and Haryana | 20 kb | 80 kb |
| States: Himachal Pradesh and Jammu and Kashmir | 18 kb | 79 kb |
| States: Jharkhand and Karnataka | 19 kb | 79 kb |
| States: Kerala and Madhya Pradesh | 20 kb | 80 kb |
| States: Maharashtra and Manipur | 19 kb | 79 kb |
| States: Meghalaya and Mizoram | 18 kb | 78 kb |
| States: Nagaland and Odisha | 19 kb | 78 kb |
| States: Punjab and Rajasthan | 19 kb | 79 kb |
| States: Sikkim and Tamil Nadu | 19 kb | 79 kb |
| States: Telangana and Tripura | 19 kb | 79 kb |
| States: Uttarakhand and Uttar Pradesh | 19 kb | 80 kb |
| States: West Bengal | 16 kb | 77 kb |
| States: National Capital Territory of Delhi and Puducherry | 18 kb | 78 kb |
| States: All States and UTs | 19 kb | 93 kb |
| Notes to Appendices | | 54 kb |
|
| State Finances: A Study of Budgets of 2022-23 | | 9862 kb |
| Foreword | | 158 kb |
| Contents | | 274 kb |
| List of Abbreviations | | 158 kb |
|
| I. Overview | | 177 kb |
| II. Fiscal Position of the State Governments | | 962 kb |
| III. Capital Formation in India - The Role of States | | 1339 kb |
| IV. The Way Forward | | 177 kb |
| References | | 163 kb |
| Explanatory Note on Data Sources and Methodology | | 205 kb |
| e-STATES Database | 13777 kb |
|
| Appendix Table 1: Major Deficit Indicators of State Governments | 12 kb | 164 kb |
| Appendix Table 2: Devolution and Transfer of Resources from the Centre | 15 kb | 194 kb |
| Appendix Table 3: Development and Non-Development Expenditure: Aggregate | 11 kb | 167 kb |
| Appendix Table 4: Development Expenditure - Major Heads | 12 kb | 176 kb |
| Appendix Table 5: Non-Development Expenditure - Major Heads | 10 kb | 166 kb |
| Appendix Table 6: Development and Non-Development Expenditure | 10 kb | 163 kb |
| Appendix Table 7: Composition of Social Sector Expenditure | 18 kb | 218 kb |
| Appendix Table 8: Decomposition of Gross Fiscal Deficit | 11 kb | 176 kb |
| Appendix Table 9: Financing of Gross Fiscal Deficit | 12 kb | 184 kb |
| Appendix Table 10: Financing of Gross Fiscal Deficit - As Per cent of Total | 11 kb | 180 kb |
| Appendix Table 11: Composition of Outstanding Liabilities of State Governments and UTs | 13 kb | 186 kb |
| Appendix Table 12: Composition of Outstanding Liabilities of State Governments and UTs - As Proportion to Total | 12 kb | 182 kb |
| Appendix Table 13: State Government Market Borrowings | 9 kb | 160 kb |
|
| Statement 1: Major Fiscal Indicators | 15 kb | 347 kb |
| Statement 2: Revenue Deficit/Surplus | 12 kb | 147 kb |
| Statement 3: Gross Fiscal Deficit/Surplus | 12 kb | 147 kb |
| Statement 4: Decomposition of Gross Fiscal Deficit | 14 kb | 158 kb |
| Statement 5: Financing of Gross Fiscal Deficit – 2020-21 (Accounts) | 13 kb | 153 kb |
| Statement 6: Financing of Gross Fiscal Deficit – As per cent of Total – 2020-21 (Accounts) | 12 kb | 152 kb |
| Statement 7: Financing of Gross Fiscal Deficit – 2021-22 (RE) | 13 kb | 154 kb |
| Statement 8: Financing of Gross Fiscal Deficit – As per cent of Total – 2021-22 (RE) | 12 kb | 152 kb |
| Statement 9: Financing of Gross Fiscal Deficit – 2022-23 (BE) | 13 kb | 154 kb |
| Statement 10: Financing of Gross Fiscal Deficit – As per cent of Total – 2022-23 (BE) | 12 kb | 152 kb |
| Statement 11: Development Expenditure | 11 kb | 134 kb |
| Statement 12: Non-Development Expenditure | 11 kb | 134 kb |
| Statement 13: Interest Payments | 11 kb | 145 kb |
| Statement 14: Tax Revenue | 10 kb | 140 kb |
| Statement 15: Non-Tax Revenue | 10 kb | 140 kb |
| Statement 16: Loans from the Centre | 11 kb | 143 kb |
| Statement 17: Devolution and Transfer of Resources from the Centre | 12 kb | 143 kb |
| Statement 18: Composition of Outstanding Liabilities | 26 kb | 246 kb |
| Statement 19: Total Outstanding Liabilities of State Governments | 14 kb | 158 kb |
| Statement 20: Total Outstanding Liabilities - As per cent of GSDP | 12 kb | 156 kb |
| Statement 21: Market Borrowings of State Governments | 10 kb | 169 kb |
| Statement 22: State Government Market Loans | | 1049 kb |
| Statement 23: Maturity Profile of Outstanding State Government Securities | 13 kb | 187 kb |
| Statement 24: Maturity Profile of Outstanding State Government Securities - As Per cent of Total | 13 kb | 186 kb |
| Statement 25: Investment Outstanding in Treasury Bills | 13 kb | 185 kb |
| Statement 26: Expenditure on Education - As per cent of Aggregate Expenditure | 13 kb | 190 kb |
| Statement 27: Expenditure on Medical and Public Health and Family Welfare - As per cent of Aggregate Expenditure | 13 kb | 187 kb |
| Statement 28: Outstanding Guarantees of State Governments | 13 kb | 186 kb |
| Statement 29: Expenditure on Wages and Salaries | 12 kb | 185 kb |
| Statement 30: Expenditure on Operations and Maintenance | 12 kb | 184 kb |
| Statement 31: Social Sector Expenditure | 14 kb | 195 kb |
| Statement 32: Social Sector Expenditure as per cent of Total Disbursement | 13 kb | 190 kb |
| Statement 33: Revenue Receipts of State Governments and UTs | 12 kb | 187 kb |
| Statement 34: Revenue Expenditure of State Governments and UTs | 13 kb | 194 kb |
| Statement 35: Development Expenditure: Select Indicators | 11 kb | 180 kb |
| Statement 36: Subsidies | 10 kb | 168 kb |
| Statement 37: States' Expenditure on Medical and Public Health, Family Welfare and Water Supply and Sanitation | 13 kb | 194 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 24 kb | 213 kb |
| States: Chhattisgarh, Goa, Gujarat, Haryana | 25 kb | 89 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 23 kb | 89 kb |
| States: Kerala, Madhya Pradesh, Maharashtra, Manipur | 23 kb | 89 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha | 22 kb | 88 kb |
| States: Punjab, Rajasthan, Sikkim, Tamil Nadu | 23 kb | 89 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal | 29 kb | 96 kb |
| States: National Capital Territory of Delhi, Puducherry, All States and UTs | 22 kb | 88 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 25 kb | 42 kb |
| States: Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 42 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 24 kb | 42 kb |
| States: Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 42 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha | 24 kb | 41 kb |
| States: Punjab, Rajasthan, Sikkim, Tamil Nadu | 25 kb | 42 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal | 29 kb | 50 kb |
| States: National Capital Territory of Delhi, Puducherry, All States and UTs | 23 kb | 41 kb |
|
| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 43 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 43 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 43 kb |
| States: Telangana, Tripura, Uttarakhand, Uttar Pradesh, West Bengal, Delhi, Puducherry, All States and UTs | 26 kb | 47 kb |
|
| States: Andhra Pradesh and Arunachal Pradesh | 20 kb | 37 kb |
| States: Assam and Bihar | 19 kb | 37 kb |
| States: Chhattisgarh and Goa | 19 kb | 37 kb |
| States: Gujarat and Haryana | 19 kb | 37 kb |
| States: Himachal Pradesh and Jammu and Kashmir | 18 kb | 37 kb |
| States: Jharkhand and Karnataka | 20 kb | 37 kb |
| States: Kerala and Madhya Pradesh | 19 kb | 38 kb |
| States: Maharashtra and Manipur | 19 kb | 37 kb |
| States: Meghalaya and Mizoram | 19 kb | 36 kb |
| States: Nagaland and Odisha | 19 kb | 37 kb |
| States: Punjab and Rajasthan | 19 kb | 37 kb |
| States: Sikkim and Tamil Nadu | 19 kb | 37 kb |
| States: Telangana and Tripura | 19 kb | 37 kb |
| States: Uttarakhand and Uttar Pradesh | 19 kb | 37 kb |
| States: West Bengal | 16 kb | 35 kb |
| States: National Capital Territory of Delhi and Puducherry | 18 kb | 36 kb |
| States: All States and UTs | 18 kb | 37 kb |
| Note to Appendices | | 210 kb |