Government budget and revenue in Gujarat, India: official figures
The state government budgeted ₹126,931 crore for social sectors such as education, health, housing and welfare in 2024-25, and expected ₹148,950 crore from its own taxes (budget estimate).
How much tax does the Gujarat government raise?
Its own tax revenue works out at about ₹20,500 per resident in 2024-25 (12th highest of 31 with figures), and it expected a further ₹19,675 crore of non-tax revenue such as mining royalties, fees and dividends. The rest of its income comes from its share of central taxes, central grants and borrowing.
Source: Reserve Bank of India · saved copyHow much does the Gujarat government borrow?
The state government planned to borrow ₹51,917 crore to cover its fiscal deficit in 2024-25 (budget estimate), against ₹42,480 crore in 2023-24 (revised estimate).
Source: Reserve Bank of India · saved copyHow much debt does the Gujarat government have?
The state government owed ₹4.94 lakh crore at the end of March 2025, about ₹67,300 per resident. All states and UTs together owed ₹93.93 lakh crore.
Source: Reserve Bank of India · saved copyHow much does the Gujarat government spend on interest and pensions?
Interest on past borrowing takes 13.6% of the state's day-to-day (revenue) spending of ₹2.20 lakh crore in the 2024-25 budget (all states and UTs: 11.9%; 6th highest of 31 with figures), and pensions for retired staff another 12.0%.
Source: Reserve Bank of India · saved copyHow Gujarat compares with other states
Interest payments as % of revenue spending (2024-25 (budget))
Gujarat ranks 6 of 31, highest first. Interest on past borrowing divided by revenue (day-to-day) expenditure, budget estimates.
| Rank | Region | Interest payments as % of revenue spending |
|---|---|---|
| 3 | Tamil Nadu | 17.9% |
| 4 | Kerala | 17.2% |
| 5 | West Bengal | 16.9% |
| 6 | Gujarat | 13.6% |
| 7 | Karnataka | 13.5% |
| 8 | Himachal Pradesh | 13.4% |
| 9 | Rajasthan | 12.9% |
More on Gujarat: overview · economy and jobs · health · education and schools · poverty and living standards · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 176: State-wise Composition of Outstanding Liabilities, read 23 October 2026 · saved copy (SHA-256 df4d117b3949…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 164: State-wise Gross Fiscal Deficit, read 23 October 2026 · saved copy (SHA-256 5e1a742f710e…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 170: State-wise Interest Payments, read 23 October 2026 · saved copy (SHA-256 615f96758e43…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 168: State-wise Own Tax Revenue, read 23 October 2026 · saved copy (SHA-256 b25a8b6f2ff7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 175: State-wise Social Sector Expenditure, read 23 October 2026 · saved copy (SHA-256 6b8f611c50f5…)
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