Rajasthan Budget Analysis 2024-25

Rajasthan Budget Analysis 2024-25

The Deputy Chief Minister of Rajasthan, Ms. Diya Kumari, presented the Budget for the state for the financial year 2024-25 on July 10, 2024.

Budget Highlights

  • The Gross State Domestic Product (GSDP) of Rajasthan for 2024-25 (at current prices) is projected to be Rs 17,81,078 crore, amounting to growth of 17% over 2023-24.
  • Expenditure (excluding debt repayment) in 2024-25 is estimated to be Rs 3,34,796 crore, an increase of 10% over the revised estimates of 2023-24.  In addition, debt of Rs 1,60,671 crore will be repaid by the state.
  • Receipts (excluding borrowings) for 2024-25 are estimated to be Rs 2,64,787 crore, an increase of 11% as compared to the revised estimate of 2023-24. 
  • Revenue deficit in 2024-25 is estimated to be 1.4% of GSDP (Rs 25,758 crore), lower than the revised estimates for 2023-24 (2% of GSDP).  In 2023-24, the revenue deficit is expected to be higher than the budget estimate (1.6% of GSDP).
  • Fiscal deficit for 2024-25 is targeted at 3.9% of GSDP (Rs 70,009 crore).  In 2023-24, as per the revised estimates, fiscal deficit is expected to be 4.3% of GSDP, higher than the budget estimate of 4%.

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