Haryana State Finances and Fiscal Imbalances: An Analytical Examination of the 2024-25 Budget and Economic Performance

This study provides an in-depth analysis of the fiscal position of Haryana, focusing on economic performance, budgetary allocations, revenue generation, expenditure patterns, and fiscal imbalances for the fiscal year 2024-25. Drawing on data from the Haryana Economic Survey (2023-24) and the Budget at a Glance (2024-25), the study examines trends in Gross State Domestic Product (GSDP), revenue and expenditure structures, sectoral investments, and debt sustainability. The findings highlight the challenges associated with maintaining fiscal prudence while fostering economic growth and addressing socio-economic disparities. The study concludes with policy recommendations to enhance fiscal resilience and economic sustainability.