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Punjab Budget โ€” 2016-17 vs 2022-23

Year-over-year budget comparison showing how Punjab's fiscal priorities have changed

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Budget Growth โ€” 2016-17 vs 2022-23

Total Expenditure

2016-17

Rs 76,200 crore

2022-23

Rs 1.4 lakh crore

2016-17 is -45.6% lower
Total Receipts

2016-17

Rs 56,200 crore

2022-23

Rs 96,500 crore

2016-17 is -41.8% lower
Capital Expenditure

2016-17

Rs 8,200 crore

2022-23

Rs 18,000 crore

2016-17 is -54.4% lower
Tax Revenue

2016-17

Rs 28,900 crore

2022-23

Rs 47,500 crore

2016-17 is -39.2% lower
Fiscal Deficit (% GDP)

2016-17

5.0%

2022-23

5.5%

2016-17 is -9.1% lower
Interest Payments

2016-17

Rs 14,200 crore

2022-23

Rs 22,700 crore

2016-17 is -37.4% lower

Receipts & Expenditure โ€” Year-over-Year Change

Particulars2016-172022-23Difference
Total ReceiptsRs 56,200 croreRs 96,500 crore-41.8%
Tax Revenue (Net)Rs 28,900 croreRs 47,500 crore-39.2%
Non-Tax RevenueRs 6,800 croreRs 12,500 crore-45.6%
Total ExpenditureRs 76,200 croreRs 1.4 lakh crore-45.6%
Revenue ExpenditureRs 68,000 croreRs 1.22 lakh crore-44.3%
Capital ExpenditureRs 8,200 croreRs 18,000 crore-54.4%
Interest PaymentsRs 14,200 croreRs 22,700 crore-37.4%
Fiscal DeficitRs 18,000 croreRs 35,500 crore-49.3%
Fiscal Deficit (% of GDP)5.0%5.5%โ€”
Debt-to-GDP Ratio41.1%46.2%โ€”

How Has Punjab's Budget Changed from 2022-23 to 2016-17?

Comparing budgets across years helps track fiscal consolidation progress, shifts in spending priorities, and revenue growth patterns. The gap between Budget Estimates and Revised Estimates is a key indicator of fiscal discipline and realistic projection capability.

Capital expenditure trends show the government's commitment to infrastructure development, while revenue expenditure patterns indicate recurring obligations like salaries, pensions, and interest payments. A rising capital-to-revenue expenditure ratio generally signals productive spending.

Explore the full 2016-17 budget analysis or view all available comparisons.

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