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State Budget & Fiscal Status of Rajasthan

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State Budget & Fiscal Status of Rajasthan

[!IMPORTANT] Data Source: Rajasthan Budget 2024-25 (Presented July 10, 2024). The budget focus is on infrastructure, irrigation, and fiscal consolidation.

1. Macro-Economic Indicators (Budget 2024-25)

IndicatorValue (Target 2024-25)
GSDP (Current Prices)тВ╣17,81,078 Crore
Growth Rate (Current)17.0%
Fiscal Deficit3.9% of GSDP
Revenue Deficit1.4% of GSDP
Total Revenue ReceiptsтВ╣2,64,461 Crore

2. Revenue Breakdown (2024-25 BE)

  • State's Own Tax Revenue: ~56% (тВ╣1,48,190 Cr).
  • Central Transfers: ~44% (тВ╣1,16,271 Cr).
  • State GST: Largest component of tax revenue.

3. Key Expenditure Allocations

  • Education: ~19.5% (High allocation compared to other states).
  • Health: ~7.4% (Focus on medical colleges in every district).
  • Social Security: ~39% of total expenditure.
  • Interest Payments: A significant fixed part of revenue expenditure.

4. Landmark Budget Concepts

  • Agriculture Budget: Rajasthan presents a Separate Agriculture Budget (Started 2022-23).
  • Gender & Green Budgeting: Specialized statements for women's welfare and environmental sustainability.
  • FRBM Act: Statutory requirement to keep fiscal deficit within limits (usually 3-4%).

5. Major Missions (Budget 2024-25)

  • Rajasthan Irrigation Water Grid Mission: тВ╣50,000 Cr over 5 years.
  • State Road Network: 53,000 km over 5 years (тВ╣60,000 Cr).
  • Power Generation: Goal to reach 33,600 MW from renewables by 2031-32.