Results
#1. Consider the following statements regarding public finance of Himachal Pradesh:
(1) According to the Budget Estimate for the year 2024-25, share of revenue expenditure out of total expenditure is around 80 percent.
(2) Debt as a percentage of GSDP reached 75.33 during the year 2022-23.
(3) State’s own tax revenue as a percentage of total revenue for the year 2024-25 (BE) increased to 27.4.
(4) During FY 2024-25 (BE) education and health sector were allocated Rs. 9995 and Rs. 8575 crores respectively.
Choose the correct answer from the options given below:
Sol.
Statement (1) is correct. As per the Budget Estimates for the financial year 2024–25 of Himachal Pradesh, Total expenditure is budgeted at ₹58,444 crore for FY 2024-25 (BE), the share of revenue expenditure is estimated at ₹46,667 crore (79.85% of total expenditure). This reflects the state’s expenditure structure, which is largely committed to salaries, pensions, and interest payments.Capital expenditure: Estimated at ₹6,270 crore (10.73% of total expenditure).
Statement (2) is incorrect. Debt is a key indicator of financial health, reflecting the State’s liabilities versus its capacity to repay.Debt as a % of GSDP: 37.35% in FY 2021-22, 39.99% in FY 2022-23.
Statement (3) is correct. State’s tax revenue (including central taxes) projected at ₹25,225 crore (2024-25 BE):
Percentage shares (FY 2022-23 A. → FY 2024-25 (BE)):
State Own Tax Revenue / Total Receipts: 17.5% → 27.4%.The state’s own tax revenue as a percentage of total revenue for 2024–25 (Budget Estimates) is projected at 27.4%, indicating a moderate reliance on internal tax generation compared to central transfers and non-tax revenues.
Statement (4) is incorrect. Major allocations within the total expenditure of govt.:₹9,812 crore for education,₹3,390 crore for health.
Hence, only statements (1) and (3) are correct.
