India vs Jharkhand โ Budget Comparison 2018-19
How does Jharkhand's state budget compare with the Union Budget for FY 2018-19?
Centre vs State โ Key Budget Metrics 2018-19
India (Union)
Rs 23.15 lakh crore
Jharkhand
Rs 66,600 crore
India (Union)
Rs 15.53 lakh crore
Jharkhand
Rs 52,500 crore
India (Union)
Rs 3.17 lakh crore
Jharkhand
Rs 12,800 crore
India (Union)
Rs 12.36 lakh crore
Jharkhand
Rs 17,200 crore
India (Union)
3.4%
Jharkhand
3.1%
India (Union)
Rs 5.76 lakh crore
Jharkhand
Rs 5,700 crore
Receipts & Expenditure โ India vs Jharkhand
| Particulars | India (Union) | Jharkhand | Difference |
|---|---|---|---|
| Total Receipts | Rs 15.53 lakh crore | Rs 52,500 crore | +2857.9% |
| Tax Revenue (Net) | Rs 12.36 lakh crore | Rs 17,200 crore | +7088.3% |
| Non-Tax Revenue | Rs 3.17 lakh crore | Rs 7,800 crore | +3958.0% |
| Total Expenditure | Rs 23.15 lakh crore | Rs 66,600 crore | +3376.1% |
| Revenue Expenditure | Rs 20.07 lakh crore | Rs 53,800 crore | +3631.2% |
| Capital Expenditure | Rs 3.17 lakh crore | Rs 12,800 crore | +2373.6% |
| Interest Payments | Rs 5.76 lakh crore | Rs 5,700 crore | +10010.2% |
| Fiscal Deficit | Rs 6.49 lakh crore | Rs 9,200 crore | +6958.9% |
| Fiscal Deficit (% of GDP) | 3.4% | 3.1% | โ |
| Debt-to-GDP Ratio | 49.4% | 20.7% | โ |
Department-wise Spending โ India vs Jharkhand
| Department | India (Union) | Jharkhand | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 8.65 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 3.79 lakh crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 1.18 lakh crore | Rs 0 | โ |
4. Ministry of Rural Development | Rs 1.13 lakh crore | Rs 0 | โ |
5. Ministry of Consumer Affairs, Food & Public Distribution | Rs 1.02 lakh crore | Rs 0 | โ |
6. Ministry of Agriculture & Farmers' Welfare | Rs 86,300 crore | Rs 0 | โ |
7. Ministry of Education | Rs 83,600 crore | Rs 0 | โ |
8. Ministry of Road Transport & Highways | Rs 72,600 crore | Rs 0 | โ |
9. Ministry of Chemicals & Fertilisers | Rs 72,450 crore | Rs 0 | โ |
10. Ministry of Health & Family Welfare | Rs 56,200 crore | Rs 0 | โ |
11. Ministry of Railways | Rs 55,060 crore | Rs 0 | โ |
12. Ministry of Communications | Rs 43,000 crore | Rs 0 | โ |
13. Ministry of Housing & Urban Affairs | Rs 32,500 crore | Rs 0 | โ |
14. Ministry of Jal Shakti | Rs 21,500 crore | Rs 0 | โ |
15. Ministry of Women & Child Development | Rs 17,650 crore | Rs 0 | โ |
Understanding Centre vs State Budget โ India and Jharkhand
India's federal fiscal structure divides spending responsibilities between the Centre and states. The Union Budget covers national priorities like defence, foreign affairs, and central schemes, while state budgets handle education, health, police, and local infrastructure.
The Finance Commission determines how central tax revenue is shared with states. Currently, 41% of the divisible pool is transferred to states. Additionally, states receive grants-in-aid for specific schemes and programs.
Jharkhand's share of central transfers, combined with its own tax revenue (state GST, excise, stamp duty, vehicle tax) and non-tax revenue, determines its total resource envelope. Comparing this with the Union Budget provides a complete picture of public finance in India.
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