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Punjab Budget โ€” 2019-20 vs 2018-19

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

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Budget Growth โ€” 2019-20 vs 2018-19

Total Expenditure

2019-20

Rs 1.01 lakh crore

2018-19

Rs 93,500 crore

2019-20 is +7.7% higher
Total Receipts

2019-20

Rs 72,500 crore

2018-19

Rs 69,200 crore

2019-20 is +4.8% higher
Capital Expenditure

2019-20

Rs 12,200 crore

2018-19

Rs 11,500 crore

2019-20 is +6.1% higher
Tax Revenue

2019-20

Rs 36,200 crore

2018-19

Rs 35,800 crore

2019-20 is +1.1% higher
Fiscal Deficit (% GDP)

2019-20

5.0%

2018-19

4.3%

2019-20 is +16.3% higher
Interest Payments

2019-20

Rs 18,400 crore

2018-19

Rs 17,100 crore

2019-20 is +7.6% higher

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

Particulars2019-202018-19Difference
Total ReceiptsRs 72,500 croreRs 69,200 crore+4.8%
Tax Revenue (Net)Rs 36,200 croreRs 35,800 crore+1.1%
Non-Tax RevenueRs 9,000 croreRs 8,400 crore+7.1%
Total ExpenditureRs 1.01 lakh croreRs 93,500 crore+7.7%
Revenue ExpenditureRs 88,500 croreRs 82,000 crore+7.9%
Capital ExpenditureRs 12,200 croreRs 11,500 crore+6.1%
Interest PaymentsRs 18,400 croreRs 17,100 crore+7.6%
Fiscal DeficitRs 24,200 croreRs 19,300 crore+25.4%
Fiscal Deficit (% of GDP)5.0%4.3%โ€”
Debt-to-GDP Ratio42.4%40.4%โ€”

How Has Punjab's Budget Changed from 2018-19 to 2019-20?

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 2019-20 budget analysis or view all available comparisons.

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