Key highlights
- The grant from the centre has remained at 25 per cent of the total receipts of the State which is equivalent to the percentage of the state's own tax revenue to the total receipts in FY 2023-24(BE).
- According to the financial projections, the grant from the centre will be around 12.4 percentage points lower in FY 2023-24 (BE) compared to FY 202122(A).
- State revenue receipts are 18.32 per cent of GSDP for FY 2023-24 (BE) as compared to 21.67 in FY 2021–22(A).
- Economic services which are the highest contributing component of non-tax revenue include electricity, gas and water supply have a percentage 4.6 of total receipts of the State in FY 2023-24 (BE).
- Total expenditure of the State Government was estimated to be ₹53,413 crore out of which ₹42,704 crore was earmarked for revenue expenditure. (79.95 per cent) was earmarked for revenue expenditure followed by capital expenditure at 9.74 per cent for the FY 2023-24 (BE).
- The total committed expenditure is ₹30,400 crore which is 56.92 per cent of total expenditure and 14.66 per cent of the GSDP for the FY 2023-24 (BE).
- The debt as a percentage to GSDP was 37.02 per cent in FY 2021-22 as against 40.23 per cent in FY 2020-21.
- The gender budget expenditure for the FY 2023-24 (BE) is estimated to be ₹4302 crore.
- R&D on the revenue account is estimated to be ₹1024 crore in FY 202324 and on the capital account is ₹93.21 crore.