India vs Punjab โ Budget Comparison 2019-20
How does Punjab's state budget compare with the Union Budget for FY 2019-20?
Centre vs State โ Key Budget Metrics 2019-20
India (Union)
Rs 26.86 lakh crore
Punjab
Rs 1.01 lakh crore
India (Union)
Rs 16.84 lakh crore
Punjab
Rs 72,500 crore
India (Union)
Rs 4.27 lakh crore
Punjab
Rs 12,200 crore
India (Union)
Rs 13.57 lakh crore
Punjab
Rs 36,200 crore
India (Union)
4.6%
Punjab
5.0%
India (Union)
Rs 6.28 lakh crore
Punjab
Rs 18,400 crore
Receipts & Expenditure โ India vs Punjab
| Particulars | India (Union) | Punjab | Difference |
|---|---|---|---|
| Total Receipts | Rs 16.84 lakh crore | Rs 72,500 crore | +2222.8% |
| Tax Revenue (Net) | Rs 13.57 lakh crore | Rs 36,200 crore | +3648.3% |
| Non-Tax Revenue | Rs 3.27 lakh crore | Rs 9,000 crore | +3535.1% |
| Total Expenditure | Rs 26.86 lakh crore | Rs 1.01 lakh crore | +2567.7% |
| Revenue Expenditure | Rs 23.51 lakh crore | Rs 88,500 crore | +2556.0% |
| Capital Expenditure | Rs 4.27 lakh crore | Rs 12,200 crore | +3402.9% |
| Interest Payments | Rs 6.28 lakh crore | Rs 18,400 crore | +3312.5% |
| Fiscal Deficit | Rs 9.36 lakh crore | Rs 24,200 crore | +3769.0% |
| Fiscal Deficit (% of GDP) | 4.6% | 5.0% | โ |
| Debt-to-GDP Ratio | 51.6% | 42.4% | โ |
Department-wise Spending โ India vs Punjab
| Department | India (Union) | Punjab | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 9.8 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 4.19 lakh crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 1.33 lakh crore | Rs 0 | โ |
4. Ministry of Rural Development | Rs 1.24 lakh crore | Rs 0 | โ |
5. Ministry of Agriculture & Farmers' Welfare | Rs 1.18 lakh crore | Rs 0 | โ |
6. Ministry of Consumer Affairs, Food & Public Distribution | Rs 1.17 lakh crore | Rs 0 | โ |
7. Ministry of Education | Rs 94,400 crore | Rs 0 | โ |
8. Ministry of Road Transport & Highways | Rs 89,700 crore | Rs 0 | โ |
9. Ministry of Chemicals & Fertilisers | Rs 80,500 crore | Rs 0 | โ |
10. Ministry of Railways | Rs 70,042 crore | Rs 0 | โ |
11. Ministry of Health & Family Welfare | Rs 66,000 crore | Rs 0 | โ |
12. Ministry of Communications | Rs 50,000 crore | Rs 0 | โ |
13. Ministry of Housing & Urban Affairs | Rs 37,500 crore | Rs 0 | โ |
14. Ministry of Jal Shakti | Rs 28,000 crore | Rs 0 | โ |
15. Ministry of Women & Child Development | Rs 19,600 crore | Rs 0 | โ |
Understanding Centre vs State Budget โ India and Punjab
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.
Punjab'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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