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  • Rajasthan Budget Analysis 2024-25

Rajasthan Budget Analysis 2024-25

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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%.

Policy Highlights

  • Rajasthan Regional and Urban Planning Bill, 2024:  The Bill will be introduced for planned development of cities and peri-urban areas.

  • Roads:  Road network of 53,000 km will be developed over five years at an estimated cost of Rs 60,000 crore.  Construction, upgradation, repair, and maintenance of state highways, bypass road, flyovers, and elevated roads will be carried out at an estimated cost of Rs 9,000 crore.

  • Rajasthan Irrigation Water Grid Mission:  The Mission will cover projects worth over Rs 50,000 crore across five years.  It aims to develop irrigation facilities across all districts in the state. 

  • Energy:  Electricity generation capacity in the state will be expanded to 20,500 MW from conventional sources and 33,600 MW from renewable energy sources by 2031-32.  Smart meters for all electricity consumers will be installed in a phased manner.  25 lakh smart meters will be installed in 2024-25. 

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