TNR Desk
Shimla: The proposed budget for the fiscal year 2024-25 in Himachal Pradesh focuses prominently on employee welfare, with a significant allocation of Rs. 14,687 crore reserved exclusively for employee salaries.
Additionally, Rs. 9,961 crore is designated for pensions, reflecting the state’s commitment to the well-being of its workforce.
Financial Commitments and Highlights:
Chief Minister Sukhwinder Singh Sukhu presented the budget estimate of Rs. 58,444 crore, outlining key financial priorities. Apart from salaries and pensions, a substantial portion of the budget, amounting to Rs. 11,700 crore, is allocated for loan repayments and interest.
The distribution also includes Rs. 1,438 crore for social security pensions and Rs. 2,700 crore for maintenance.
Budget Distribution Breakdown
Employee-Centric Expenditures:
Subsidies: Rs. 278.46 crore
Grants-in-Aid for Salaries: Rs. 2,280.90 crore
Allowances: Rs. 577.09 crore
Non-Salary Grants-in-Aid: Rs. 3,001.10 crore
Capital Assets Grants-in-Aid: Rs. 798.54 crore
Interest: Rs. 6,255.34 crore
Provisions: Rs. 1,188.62 crore
Social Security Pensions: Rs. 1,438.48 crore
Energy Charges: Rs. 507.23 crore
Comprehensive Budget Breakdown:
Major Works: Rs. 5,782.31 crore
Investments: Rs. 175.95 crore
Other Charges: Rs. 1,463.02 crore
Materials and Supplies: Rs. 430.60 crore
Machinery and Equipment: Rs. 90.50 crore
Other Expenses: Rs. 609.01 crore
Revenue Projections and Sources
Tax Revenue:
Own Taxes: Rs. 15,100.69 crore
Goods and Services Tax (GST): Rs. 6,552.00 crore
Excise Duty: Rs. 2,884 crore
VAT: Rs. 2,080 crore
Vehicle Taxes: Rs. 902.25 crore
Non-Tax Revenue:
Energy: Rs. 2,017.26 crore
Forests: Rs. 87.11 crore
Mining: Rs. 353.62 crore
Others: Rs. 1,180.71 crore
Central Transfers and Overall Estimates
State’s Share in Central Taxes: Rs. 10,124.20 crore
Other Central Transfers: Rs. 8,017.27 crore
CSS Grant (including loans): Rs. 5,272.22 crore
Total Revenue Receipts: Rs. 42,152.08 crore
Total Revenue Expenditure: Rs. 46,666.63 crore
Allocation for State Schemes: Rs. 42,788.36 crore
Allocation for Centrally Sponsored Schemes: Rs. 3,878.27 crore
