Strengthen the means of implementation and revitalize the
global partnership for sustainable development
The Government of Haryana will strive to reduce fiscal and revenue deficits and increase capital expenditure, while aligning social sector spending with Haryana’s Vision 2030.
State debt liability is estimated to be 1,15,904 crore in 201718 and 1,41,854 with the UDAY Scheme.
The revenue deficit as a percentage of GSDP is estimated to be 1.33% in 2016-17 (revised estimates or RE) and with the UDAY Scheme it should be 1.80% as per budget estimates (BE) for 2017-18.
Presently, fiscal deficit as a percentage of GSDP at 2.61% in 2017-18 (BE) is being maintained within the limit of 3% of GSDP, as prescribed by the 14th Finance Commission. With UDAY this ratio will move up to 2.84% in 2017-18 (BE).
Focus for Tomorrow
Reduce fiscal and revenue deficits at the state level.
Increase services, programmes and infrastructure by increasing capital expenditure.
Address new and growing demands on capital expenditure, including new targets brought about through the SDGs.