Government budget and revenue in Odisha, India: official figures
The state government budgeted ₹128,931 crore for social sectors such as education, health, housing and welfare in 2024-25, and expected ₹60,000 crore from its own taxes (budget estimate).
How much tax does the Odisha government raise?
Its own tax revenue works out at about ₹13,490 per resident in 2024-25 (12th lowest of 31 with figures), and it expected a further ₹58,000 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 Odisha government borrow?
The state government planned to borrow ₹32,403 crore to cover its fiscal deficit in 2024-25, 3.6% of its GSDP (budget estimate; 9th highest of 25 with figures). The usual ceiling for states under fiscal responsibility rules is about 3%.
Source: Reserve Bank of India · saved copyHow much debt does the Odisha government have?
The state government owed ₹1.55 lakh crore at the end of March 2025, equal to 17.4% of its 2024-25 GSDP and about ₹34,800 per resident; 2nd lowest of 25 with figures. All states and UTs together owed ₹93.93 lakh crore.
Source: Reserve Bank of India · saved copyHow much does the Odisha government spend on interest and pensions?
Interest on past borrowing takes 3.0% of the state's day-to-day (revenue) spending of ₹1.84 lakh crore in the 2024-25 budget (all states and UTs: 11.9%; the lowest of 31 with figures), and pensions for retired staff another 12.0%.
Source: Reserve Bank of India · saved copyHow Odisha compares with other states
State government debt (outstanding liabilities) as % of GSDP (March 2025)
Odisha ranks 24 of 25, highest first. Outstanding liabilities at end-March 2025 divided by gross state domestic product for 2024-25.
| Rank | Region | State government debt (outstanding liabilities) as % of GSDP |
|---|---|---|
| 19 | Telangana | 27.0% |
| 20 | Jharkhand | 26.1% |
| 21 | Uttarakhand | 25.2% |
| 22 | Karnataka | 25.2% |
| 23 | Maharashtra | 17.9% |
| 24 | Odisha | 17.4% |
| 25 | Delhi | 1.3% |
Budgeted fiscal deficit as % of GSDP (2024-25 (budget))
Odisha ranks 9 of 25, highest first.
| Rank | Region | Budgeted fiscal deficit as % of GSDP |
|---|---|---|
| 6 | Rajasthan | 4.1% |
| 7 | Chhattisgarh | 3.8% |
| 8 | West Bengal | 3.8% |
| 9 | Odisha | 3.6% |
| 10 | Punjab | 3.6% |
| 11 | Kerala | 3.6% |
| 12 | Assam | 3.5% |
Interest payments as % of revenue spending (2024-25 (budget))
Odisha ranks 31 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 |
|---|---|---|
| 25 | Chhattisgarh | 6.4% |
| 26 | Meghalaya | 6.3% |
| 27 | Manipur | 5.3% |
| 28 | Mizoram | 5.1% |
| 29 | Delhi | 4.4% |
| 30 | Arunachal Pradesh | 3.7% |
| 31 | Odisha | 3.0% |
More on Odisha: 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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