Rajasthan Budget Analysis

2025-26
The Finance Minister of Rajasthan, Ms. Diya Kumari, presented the Budget for the state for the financial year 2025-
26 on February 19, 2025.
Budget Highlights
▪ The Gross State Domestic Product (GSDP) of Rajasthan for 2025-26 (at current prices) is projected to be
Rs 19,89,000 crore, amounting to growth of 16.7% over 2024-25.
▪ Expenditure (excluding debt repayment) in 2025-26 is estimated to be Rs 3,79,617 crore, an increase of
14% from the revised estimates of 2024-25. In addition, debt of Rs 1,57,452 crore will be repaid by the
state.
▪ Receipts (excluding borrowings) for 2025-26 are estimated to be Rs 2,94,973 crore, an increase of 12% as
compared to the revised estimate of 2024-25.
▪ Revenue deficit in 2025-26 is estimated to be 1.6% of GSDP (Rs 31,009 crore), as compared to a revenue
deficit of 1.9% of GSDP (Rs 31,939 crore) at the revised estimate stage in 2024-25.
▪ Fiscal deficit for 2025-26 is targeted at 4.3% of GSDP (Rs 84,644 crore). In 2024-25, as per the revised
estimates, fiscal deficit is expected to be 4.1% of GSDP, higher than the budgeted 3.9% of GSDP.
Policy Highlights
▪ Youth and employment: The government will introduce a Rajasthan Employment Policy 2025 to offer
employment-oriented training, internships, and apprenticeships to the youth. A Vivekanand Employment
Assistance Fund, with Rs 500 crore, will be set up to provide counselling, build employer-employee linkages,
establish examination centres, and host employment fairs in the state.
▪ Additional 1.25 lakh posts will be created for youth in government departments and public undertakings. A
new Gig and Unorganised Workers Development Fund of Rs 350 crore will be set up to offer social security to
gig workers/online platform workers and unorganised workers.
▪ Health: Rs 25 crore has been allocated for the provision of nutri-kits to pregnant women reaching about 2.35
lakh women in the state. About Rs 200 crore will be spent on offering milk to Anganwadi children between the
age of three to six years under CM Amrut Aahar Yojana.
▪ Nutrition and agriculture: Millets will be introduced on a pilot base in the Mid-day meal program and Maa-
Badi centres. Millet product outlets will also be established in every district to promote accessibility and
availability of millets. Works worth Rs 9,300 crore will be carried out under the Ram Han Setu Link Project.

Rajasthan’s Economy Figure 1: Growth in Rajasthan’s GSDP at constant

prices (2011-12)
▪ GSDP: In 2023-24, Rajasthan’s GSDP (at 25%
constant prices) is estimated to grow by 8%
14.5%

over the previous year. In comparison, India’s 20%

13.3%
11.8%

GDP is estimated to grow by 9.2% in 2023-24. 15%

9.8%
9.1%

9.0%

8.0%
7.8%
6.9%

▪
6.4%

Sectors: In 2024-25, agriculture, 10%

4.3%

manufacturing, and services sectors are

2.5%
1.6%

estimated to contribute 27%, 27%, and 46% of 5%

Rajasthan’s economy, respectively (at current 0%
prices).
-1.2%

-5%
-1.8%

▪ Per capita GSDP: In 2023-24, Rajasthan’s

per capita GSDP (at current prices) is estimated -10%
-10.2%

to be Rs 1,87,454, an increase of 11.4% over -15%

2022-23. In 2023-24, India’s per capita GDP Agriculture Manufacturing Services GSDP
is estimated to be Rs 2,15,935.
2020-21 2021-22 2022-23 2023-24
Note: These numbers are as per constant prices (2011-12) which
implies that the growth rate is adjusted for inflation.
Sources: MoSPI; PRS.

Shrusti Singh
April 2, 2025
shrusti@[Link]
PRS Legislative Research ◼ Institute for Policy Research Studies
3rd Floor, Gandharva Mahavidyalaya ◼ 212, Deen Dayal Upadhyaya Marg ◼ New Delhi – 110002
Tel: (011) 2323 4801, 4343 4035 ◼ [Link]
 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

Budget Estimates for 2025-26

▪ Total expenditure (excluding debt repayment) in 2025-26 is targeted at Rs 3,79,617 crore. This is an
increase of 14% from the revised estimate of 2024-25. This expenditure is proposed to be met through
receipts (excluding borrowings) of Rs 2,94,973 crore and net borrowings of Rs 76,036 crore. Total
receipts for 2025-26 (other than borrowings) are expected to register an increase of 12% over the revised
estimate of 2024-25.
▪ The state estimates a revenue deficit of 1.6% of GSDP (Rs 31,009 crore) in 2025-26, as compared to a
revenue deficit of 1.9% of GSDP at the revised estimate stage of 2024-25.
▪ Fiscal deficit for 2025-26 is targeted at 4.3% of GSDP (Rs 84,644 crore), higher than the revised estimates
for 2024-25 (4.1% of GSDP).
Table 1: Budget 2025-26 - Key figures (in Rs crore)
% change from % change from
2023-24 2024-25 2024-25 2025-26
Items BE 24-25 to RE RE 24-25 to BE
Actuals Budgeted Revised Budgeted
24-25 25-26
Total Expenditure 4,33,273 4,95,467 4,98,847 1% 5,37,069 8%
(-) Repayment of debt 1,63,999 1,60,671 1,65,589 3% 1,57,452 -5%
Net Expenditure (E) 2,69,275 3,34,796 3,33,259 -0.5% 3,79,617 14%
Total Receipts 4,25,962 4,86,805 4,91,684 1% 5,28,461 7%
(-) Borrowings 2,22,266 2,22,019 2,28,516 3% 2,33,488 2%
of which central capex loans* 8,513 7,800 10,500 - 15,000 -
Net Receipts (R) 2,03,695 2,64,787 2,63,168 -1% 2,94,973 12%
Fiscal Deficit (E-R) 65,580 70,009 70,091 0.1% 84,644 21%
as % of GSDP 4.3% 3.9% 4.1% 4.3%
Revenue Deficit 38,955 25,758 31,939 24% 31,009 -3%
as % of GSDP 2.6% 1.4% 1.9% 1.6%
Primary Deficit 31,452 32,472 30,973 -5% 44,585 44%
as % of GSDP 2.1% 1.8% 1.8% 2.2%
GSDP 15,21,510 17,81,078 17,04,339 -4% 19,89,000 16.7%
Note: BE is Budget Estimates; RE is Revised Estimates. *Central government has been providing 50-year interest-free loans to state
governments for capital expenditure since 2020-21. These loans are excluded from the calculation of the state's borrowing ceiling.
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; PRS.

Expenditure in 2025-26
▪ Revenue expenditure for 2025-26 is proposed to be Rs 3,25,546 crore, an increase of 11% over the revised
estimate of 2024-25. This includes the expenditure on salaries, pension, interest, grants, and subsidies.
▪ Capital outlay for 2025-26 is proposed to be Rs 53,686 crore, an increase of 40% from the revised estimate
of 2024-25. Capital outlay indicates the expenditure towards creation of assets.
▪ In 2025-26, loans and advances by the state are expected to be Rs 384 crore, 7% lower as compared to the
revised estimate of 2024-25.
Table 2: Expenditure budget 2025-26 (in Rs crore)
% change from % change from
2023-24 2024-25 2024-25 2025-26
Items BE 24-25 to RE RE 24-25 to BE
Actuals Budgeted Revised Budgeted
24-25 25-26
Revenue Expenditure 2,42,231 2,90,219 2,94,557 1% 3,25,546 11%
Capital Outlay 26,646 44,216 38,288 -13% 53,686 40%
Loans given by the state 398 360 413 15% 384 -7%
Net Expenditure 2,69,275 3,34,796 3,33,259 0% 3,79,617 14%
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; PRS.

Committed expenditure: Committed expenditure of a state typically includes expenditure on payment of

salaries, pension, and interest. A larger proportion of the budget allocated for committed expenditure items
limits the state’s flexibility to decide on other expenditure priorities, such as capital outlay. In 2025-26,
Rajasthan is estimated to spend Rs 1,57,715 crore on committed expenditure, which is 54% of its estimated
revenue receipts. This comprises spending on salaries (28% of revenue receipts), pension (12%), and interest
payments (14%). In 2023-24, as per actual figures, 62% of revenue receipts were spent on committed
expenditure.

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 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

Table 3: Committed Expenditure in 2025-26 (in Rs crore)

% change from % change from
2023-24 2024-25 2024-25 2025-26
Committed Expenditure BE 24-25 to RE RE 24-25 to BE
Actuals Budgeted Revised Budgeted
24-25 25-26
Salaries 65,399 78,341 76,187 -3% 83,775 10%
Pension 27,203 29,017 30,230 4% 33,882 12%
Interest payment 34,128 37,538 39,118 4% 40,058 2%
Total 1,26,730 1,44,895 1,45,534 0% 1,57,715 8%
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; PRS.

Sector-wise expenditure: The sectors listed below account for 71% of the total expenditure on sectors by the
state in 2025-26. A comparison of Rajasthan’s expenditure on key sectors with that by other states is shown in
Annexure 1.
Table 4: Sector-wise expenditure under Rajasthan Budget 2025-26 (in Rs crore)
2023-24 2024-25 2024-25 2025-26 % change from
Sectors RE 24-25 to Budget Provisions (2025-26)
Actuals BE RE BE BE 25-26
▪ Rs 29,363 crore has been allocated for Primary
Education, Sports, Education.
51,220 65,073 63,516 68,369 8%
Arts, and Culture ▪ Rs 33,792 crore has been allocated Secondary
Education.
▪ Rs 22,819 crore has been allocated as grants for non-
Energy 28,895 30,729 33,051 40,198 22%
revision of electricity tariffs.
▪ Rs 4,336 crore has been allocated towards urban
Health and Family health services – allopathy.
21,273 27,660 27,707 31,888 15%
Welfare ▪ Rs 3,586 crore has been allocated towards rural health
services – allopathy.
Social Welfare and ▪ Rs 16,618 crore has been allocated as assistance to
18,375 24,060 22,797 26,639 17%
Nutrition Zila Parishads and Panchayats.
▪ Rs 7,566 crore has been allocated as assistance to
Gram Panchayats.
Rural Development 12,856 19,610 20,827 24,586 18%
▪ Rs 6,053 crore has been allocated towards the Rural
Employment Guarantee Scheme.
▪ Rs 14,016 crore has been allocated towards capital
Transport 12,481 13,436 13,665 18,909 38%
outlay on roads and bridges.
▪ Rs 5,506 crore has been allocated as assistance to
Municipalities and Municipal Corporations.
Urban Development 8,876 16,918 14,641 16,811 15% ▪ Rs 3,592 crore has been allocated as Assistance to
Urban Development Authorities and Town
Development Boards.
▪ Rs 6,609 crore has been allocated towards crop
Agriculture and husbandry.
11,837 14,544 14,036 16,558 18%
Allied Activities ▪ Rs 3,618 crore has been allocated towards animal
husbandry.
▪ Rs 5,197 crore has been allocated for rural water
Water Supply and supply.
7,820 11,270 11,544 13,559 17%
Sanitation ▪ Rs 5,926 crore has been allocated for urban water
supply.
▪ Rs 7,880 crore has been allocated towards District
Police 8,515 10,203 10,112 11,125 10%
Police.
% of total
expenditure on all 68% 70% 70% 71%
sectors
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; PRS.

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 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

Receipts in 2025-26
▪ Total revenue receipts for 2025-26 are estimated to be Rs 2,94,536 crore, an increase of 12% over the
revised estimate of 2024-25. Of this, Rs 1,69,626 crore (58%) will be raised by the state through its own
resources, and Rs 1,24,919 crore (42%) will come from the centre. Resources from the centre will be in
the form of state’s share in central taxes (29% of revenue receipts) and grants (13% of revenue receipts).
▪ Devolution: In 2025-26, the state’s share in central taxes is estimated at Rs 85,716 crore, an increase of
11% over the revised estimate of 2024-25.
▪ Grants from the centre in 2025-26 are estimated at Rs 39,193 crore, an increase of 4% over the revised
estimates for 2024-25.
▪ State’s own tax revenue: Rajasthan’s total own tax revenue is estimated to be Rs 1,42,743 crore in 2025-
26, an increase of 18% over the revised estimate of 2024-25. Own tax revenue as a percentage of GSDP is
estimated at 7.2% in 2025-26, marginally higher than the revised estimates for 2024-25 (7.1%). As per the
actual figures for 2023-24, own tax revenue as a percentage of GSDP was 6.2%.
Table 5: Break-up of the state government’s receipts (in Rs crore)
% change from % change from
2023-24 2024-25 2024-25 2025-26
Items BE 2024-25 to RE 2024-25 to
Actuals Budgeted Revised Budgeted
RE 2024-25 BE 2025-26
State's Own Tax 94,086 1,25,525 1,20,478 -4% 1,42,743 18%
State's Own Non-Tax 18,680 22,665 26,917 19% 26,883 0%
Share in Central Taxes 68,063 79,587 77,548 -3% 85,716 11%
Grants-in-aid from Centre 22,448 36,684 37,675 3% 39,193 4%
Revenue Receipts 2,03,276 2,64,461 2,62,618 -1% 2,94,536 12%
Non-debt Capital Receipts 419 326 549 69% 436 -21%
Net Receipts 2,03,695 2,64,787 2,63,168 -0.6% 2,94,973 12%
Note: BE is Budget Estimates; RE is Revised Estimates.
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; PRS.

▪ In 2025-26, State GST is estimated to be the Non-tax revenue from non-ferrous mining and metallurgical industries
largest source of own tax revenue (45%
share). State GST revenue is estimated to In 2025-26, non-tax revenue generated by Rajasthan from non-ferrous
mining and metallurgical industries is estimated at Rs 12,980 crore. This is
increase by 22% over the revised estimates
18% higher than 2024-25 revised estimate. The revenue from non-ferrous
of 2024-25. mining, constitutes 48% of the total revenue from non-tax sources.
▪ Revenue from Sales tax/ VAT in 2025-26 is In July 2024, the Supreme Court overturned an earlier decision and upheld
expected to be 14% higher than the revised the states’ right to tax mineral bearing land. Post the Supreme Court
estimate stage of 2024-25. judgement, the states stand to gain by imposing levies on mining
operations. In addition, states can also generate revenue from
▪ Revenue from state excise is estimated to be retrospective demands.
16% higher in 2025-26 over the revised
Sources: Rajasthan Budget Documents 2025-26; Supreme Court Judgement; PRS.
estimate of 2024-25.

Table 6: Major sources of state’s own-tax revenue (in Rs crore)

% change from % change from
2023-24 2024-25 2024-25 2024-25
Head BE 2024-25 to RE 2024-25 to
Actuals Budgeted Revised Budgeted
RE 2024-25 BE 2025-26
State GST 38,016 55,800 52,100 -7% 63,600 22%
Sales Tax/ VAT 23,473 29,000 27,000 -7% 30,780 14%
State Excise 13,225 17,100 17,000 -1% 19,720 16%
Taxes on Vehicles 6,704 8,100 8,500 5% 9,860 16%
Stamps Duty and Registration Fees 9,181 11,000 11,900 8% 14,350 21%
Land Revenue 469 721 776 8% 881 14%
Taxes and Duties on Electricity 2,918 3,500 3,100 -11% 3,500 13%
Sources: Annual Financial Statement, Revenue Budget, Rajasthan Budget Documents 2025-26; PRS.

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 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

Deficits, Debt, and FRBM Targets for 2024-25

The Rajasthan Fiscal Responsibility and Budget Management Act, 2005 provides annual targets to progressively
reduce the outstanding debt, revenue deficit and fiscal deficit of the state government.
Revenue balance: It is the difference of revenue expenditure and revenue receipts. A revenue deficit implies that
the government needs to borrow to finance those expenses which do not increase its assets or reduces its liabilities.
The budget estimates a revenue deficit of Rs 31,009 crore (or 1.6% of the GSDP) in 2025-26.
Fiscal deficit: It is the excess of total Loss-making Power Distribution Companies (DISCOMs)
expenditure over total receipts. This gap is
filled by borrowings by the government and In Rajasthan, electricity distribution is carried out by three State
leads to an increase in total liabilities. In 2025- DISCOMs. These three DISCOMs recorded losses amounting to Rs
2,024 crore in 2022-23 as compared to profits amounting to Rs 2,374
26, the fiscal deficit is estimated to be 4.3% of crore in 2021-22. The Ujwal DISCOM Assurance Yojana (UDAY) was
GSDP. For 2025-26, the central government launched in November 2015 for a financial turnaround of State
has permitted fiscal deficit of up to 3% of DISCOMs. Post the implementation of the scheme, the DISCOMs
GSDP to states. Additional borrowing space up recorded profits in 2021-22 and between 2017-18 and 2019-20.
to 0.5% of GSDP will also be available for However, CAG (2024) had observed that this profitability was because
undertaking certain power sector reforms. of the conversion of debt into revenue subsidy under UDAY scheme.

As per the revised estimates, in 2024-25, the In addition, as of March 2023, the State DISCOMs had aggregate
fiscal deficit of the state is expected to be 4.1% outstanding debt worth Rs 79,611 crore. This amounted to 5.9% of the
state’s GSDP in 2020-21. The CAG noted that during the
of GSDP. This is higher than the budget
implementation of the UDAY scheme (2015-20), the outstanding debt of
estimate of 3.9% of GSDP. the DISCOMs had decreased. In 2019-20, outstanding debt was 4.9%
Outstanding debt: Outstanding debt is the of the state’s GSDP. However, the debt burden of the DISCOMs has
accumulation of total borrowings at the end of a been increasing since 2019-20 due to raising of fresh loans. In 2022-
23, the outstanding debt of the state increased by 21% over 2021-22.
financial year. At the end of 2025-26, the
outstanding debt is estimated to be 36.5% of Sources: Report of the Comptroller Auditor General of India (2024); Power
GSDP, lower than the budget estimate for Finance Corporation Report for various years; PRS.
2024-25 (37.7% of GSDP).
Figure 2: Revenue and Fiscal deficit (% of GSDP) Figure 3: Outstanding Debt (as % of GSDP)
50%
2024-25 RE

2025-26 BE

2026-27*

2027-28*
2019-20

2020-21

2021-22

2022-23

2023-24

40.4% 38.8%
40% 35.3% 37.3% 37.6% 37.7% 36.5% 36.5% 36.2%

0.0%
30%

-2.0% -1.6%
-2.1% -2.3% -2.6% -1.9% 20%

-4.0% -3.6% -3.5%

-3.8% -4.0% -3.8% -4.1% -4.3% -3.7%
-4.3% 10%
-4.3%
-6.0% -5.9%
0%
2027-28*
2026-27*
2019-20

2020-21

2022-23

2023-24

2024-25 RE

2025-26 BE
2021-22

-8.0%

Revenue Deficit Fiscal Deficit

Note: *Figures from 2026-27 onwards are projections. RE is Revised Note: *Figures from 2026-27 onwards are projections. BE is budget
Estimates; BE is budget estimates. Negative figures indicate a deficit. estimates.
Sources: Medium Term Fiscal Policy, Rajasthan Budget Documents Sources: Medium Term Fiscal Policy, Rajasthan Budget Documents
2025-26; PRS. 2025-26; PRS.

Outstanding Government Guarantees: Outstanding liabilities of states do not include a few other liabilities
that are contingent in nature, which states may have to honour in certain cases. State governments guarantee the
borrowings of State Public Sector Enterprises (SPSEs) from financial institutions. As on December 31, 2024,
the state’s outstanding guarantee is estimated to be Rs 1,19,563 crore, which is 7% of Rajasthan’s GSDP in
2024-25.

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April 2, 2025 -5-

 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

Annexure 1: Comparison of states’ expenditure on key sectors

The graphs below compare Rajasthan’s expenditure in 2025-26 on six key sectors as a proportion of its total
expenditure on all sectors. The average for a sector indicates the average expenditure in that sector by 31 states
(including Rajasthan) as per their budget estimates of 2024-25.1
▪ Education: Rajasthan has allocated 18% of its expenditure on education in 2025-26. This is higher than
the average allocation for education by states in 2024-25 (15%).
▪ Health: Rajasthan has allocated 8.4% of its expenditure on health in 2025-26. This is higher than the
average allocation for health by states in 2024-25 (6.2%).
▪ Rural development: Rajasthan has allocated 6.5% of its expenditure on rural development in 2025-26.
This is higher than the average allocation for rural development by states in 2024-25 (5.1%).
▪ Energy: Rajasthan has allocated 10.6% of its expenditure on energy in 2025-26. This is higher than the
average allocation for energy by states in 2024-25 (5%).
▪ Agriculture: Rajasthan has allocated 4.4% of its expenditure on agriculture in 2025-26. This is lower than
the average allocation for agriculture by states in 2024-25 (6.3%).
▪ Irrigation: Rajasthan has allocated 2.9% of its expenditure on irrigation in 2025-26. This is lower than the
average allocation for irrigation by states in 2024-25 (3.4%).
Spending on rural
Spending on education as a Spending on health as a % of
development as a % of total
% of total expenditure total expenditure
expenditure
25% 10% 8%
19.0% 19.5% 19.1% 18.0% 7.9% 8.3% 8.3% 8.4% 5.9% 6.3%
6.5%
20% 8% 6.2% 6% 4.8% 5.1%
15.0%
15% 6%
4%
10% 4%
2% 2%
5%
0% 0% 0%

2023-24

2024-25 (RE)
2024-25 (BE)

2025-26 (BE)
Average of all states
2023-24

2024-25 (RE)
2024-25 (BE)

2025-26 (BE)

Average of all states

2023-24

2024-25 (RE)
2024-25 (BE)

2025-26 (BE)
Average of all states

(2024-25 BE)
(2024-25 BE)
(2024-25 BE)

Spending on energy as a % Spending on agriculture as a Spending on irrigation as a

of total budget % of total expenditure % of total budget
12% 10.7% 10.6% 8% 4% 3.4%
9.9% 6.3%
10% 9.2% 3.0% 2.9% 2.9%
6% 3% 2.8%
8% 4.4% 4.3% 4.2% 4.4%
6% 5.0% 4% 2%
4%
2% 1%
2%
0% 0% 0%
2023-24

2023-24

2023-24
2024-25 (RE)

2024-25 (RE)

2024-25 (RE)
2024-25 (BE)

2025-26 (BE)

2024-25 (BE)

2025-26 (BE)
2025-26 (BE)
Average of all states

2024-25 (BE)

Average of all states

Average of all states

(2024-25 BE)

(2024-25 BE)

(2024-25 BE)

Note: 2023-24, 2024-25 (BE), 2024-25 (RE), and 2025-26 (BE) figures are for Rajasthan.
Sources: Annual Financial Statement, Rajasthan Budget Documents 2025-26; various state budgets; PRS.

1
The 31 states include the Union Territories of Delhi, Jammu and Kashmir, and Puducherry.

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 Rajasthan Budget Analysis 2025-26 PRS Legislative Research

The following tables compare the actuals of 2023-24 with budget estimates for that year.

Table 7: Overview of Receipts and Expenditure (in Rs crore)

Particular 2023-24 BE 2023-24 Actuals % change from BE to Actuals
Net Receipts (1+2) 2,34,319 2,03,695 -13%
1. Revenue Receipts (a+b+c+d) 2,33,988 2,03,276 -13%
a. Own Tax Revenue 1,14,169 94,086 -18%
b. Own Non-Tax Revenue 24,285 18,680 -23%
c. Share in central taxes 61,552 68,063 11%
d. Grants-in-aid from the Centre 33,982 22,448 -34%
2. Non-Debt Capital Receipts 331 419 27%
3. Borrowings 1,48,355 2,22,266 50%
Net Expenditure (4+5+6) 2,97,091 2,69,275 -9%
4. Revenue Expenditure 2,58,884 2,42,231 -6%
5. Capital Outlay 38,061 26,646 -30%
6. Loans and Advances 146 398 173%
7. Debt Repayment 93,766 1,63,999 75%
Revenue Deficit 24,896 38,955 56%
Revenue Deficit (as % of GSDP) 1.58% 2.6%
Fiscal Deficit 62,772 65,580 4%
Fiscal Deficit (as % of GSDP) 3.98% 4.3%
Source: Rajasthan Budget Documents of various years; PRS.

Table 8: Key Components of State's Own Tax Revenue

Tax Source/Head 2023-24 BE 2023-24 Actuals % change from BE to Actuals
Land Revenue 636 469 -26%
State GST 48,946 38,016 -22%
State Excise 17,000 13,225 -22%
Sales Tax/ VAT 27,300 23,473 -14%
Taxes on Vehicles 7,700 6,704 -13%
Taxes and Duties on Electricity 3,126 2,918 -7%
Stamps Duty and Registration Fees 9,150 9,181 0%
Source: Rajasthan Budget Documents of various years; PRS.

Table 9: Allocation towards Key Sectors

Sector 2023-24 BE 2023-24 Actuals % change from BE to Actuals
Housing 220 122 -45%
Rural Development 20,418 12,856 -37%
Urban Development 14,040 8,876 -37%
Welfare of SC, ST, OBC, and Minorities 3,101 1,969 -36%
Water Supply and Sanitation 9,773 7,820 -20%
Irrigation and Flood Control 9,000 7,340 -18%
Education, Sports, Arts, and Culture 57,953 51,220 -12%
Social Welfare and Nutrition 20,318 18,375 -10%
Agriculture and Allied Activities 12,864 11,837 -8%
Police 9,030 8,515 -6%
Health and Family Welfare 22,064 21,273 -4%
Transport 11,412 12,481 9%
of which Roads and Bridges 10,567 11,026 4%
Energy 26,371 28,895 10%
Source: Rajasthan Budget Documents of various years; PRS.

April 2, 2025 -7-