Haryana Chief Minister, Sh. Nayab Singh Saini, who also holds the portfolio of Finance Minister, on Monday presented a budget of Rs. 2,05,017.29 crore for the financial year 2025-26 during the ongoing budget session of the Haryana Vidhan Sabha, which is 13.7% more than the 2024-25 budget.
Chandigarh, March 17 – Nayaab Budget 2025-26 : Haryana Chief Minister, Nayab Singh Saini, who also holds the portfolio of Finance Minister, on Monday presented a budget of Rs. 2,05,017.29 crore for the financial year 2025-26 during the ongoing budget session of the Haryana Vidhan Sabha, which is 13.7% more than the 2024-25 budget. In this year’s budget, no new taxes have been imposed, providing relief to the citizens. This budget reflects the priorities and aspirations of every section of Haryana’s population.
Haryana’s GDP and Per Capita Income Doubled in 10 Years
In the year 2014-2015, the Gross Domestic Product (GDP) of Haryana was Rs 4,37,145 crore. The estimated GDP of Haryana for the year 2024-25 is Rs 12,13,951 crore. Similarly, in 2014-15, Haryana’s per capital income was Rs 1,47,382. The estimated per capital income for the year 2024-25 is Rs 3,53,182.
Over the past 10 years, the State’s GDP has grown at an average annual rate of 10.8 percent
The Chief Minister said that the state government’s hard work over the past 10 years has yielded results. The State’s GDP has grown at an average annual rate of 10.8 percent, and the per capital income has increased at an average annual rate of 9.1 percent.
No New Taxes : Haryana’s Revenue Deficit Declines Over 10 Years, Fiscal Deficit at 2.67% by 2025-26
He said that in the year 2014-15, the revenue deficit in Haryana’s budget was 1.90 percent of the then GDP. By the year 2024-25, the revenue deficit is projected to be 1.47% of GDP. Similarly, the revenue deficit as a percentage of the total budget is projected to decrease from 13.4 percent in 2014-15 to 9.9 percent in 2024-25. Clearly, from both perspectives, the state government’s revenue deficit has been significantly reduced over the past 10 years.
By the year 2025-26, the fiscal deficit is projected to be 2.67 percent of GDP
No New Taxes : Haryana’s Fiscal Deficit Drops, Target Set for Further Reduction
The Chief Minister said that in the year 2014-15, the fiscal deficit in Haryana’s budget was 2.88 percent of the then GDP. By the year 2024-25, the fiscal deficit is projected to be 2.68 percent of GDP. The Fiscal Responsibility and Budget Management (FRBM) Act sets the fiscal deficit limit. It should not exceed 3 percent of a state government’s GDP in any year. Therefore, the reduction from 2.88 percent in 2014-15 to 2.68 percent in 2024-25 reflects our efficient financial management of the treasury. For the year 2025-26, the target is to further reduce this deficit and bring it down to 2.67 percent of GDP, he said.
He said that in the year 2014-15, the effective revenue deficit was 1.89% of GDP, which is projected to reduce to only 1.01 percent in 2024-25. This reduction clearly shows that our government has strongly focused on creating capital assets in the state. This focus has been maintained over the past 10 years.
Nayaab Budget 2025-26 : Haryana’s Debt Remains Below Limit, Government Undertaking Loans Reduced
He said that the outstanding debt of any state in any year should not exceed a prescribed limit. This limit is a percentage of the GDP of that state. In the year 2014-15, the outstanding debt of the Haryana government as a percentage of GDP was 6.67% points below the limit set by the Finance Commission of that time. Even in the year 2024-25, the percentage of GDP of the government’s outstanding debt will remain 6.67% below the limit set by the Finance Commission. Clearly, today’s outstanding debt is the same percentage less than the set limit as it was in the year 2014-15.
The Chief Minister said that the debt incurred by government undertakings is not included in the government’s debt figures. It has not increased by a single rupee over the past 10 years. The Haryana government has a total of 43 undertakings. Out of these, 24 undertakings are registered under the Companies Act, and 19 are registered under the Cooperative Societies Act. The total outstanding loan of these 43 undertakings was Rs 69,922 crore in 2014-15, which has now been reduced to Rs 68,295 crore in 2023-24. It is important to note that in 2008-09, the outstanding loan of these government undertakings was Rs 30,233 crore.
Nayaab Budget 2025-26 : Haryana Government Controls Debt, Increases PSU Profits
He said that while the outstanding debt of government undertakings increased from Rs 30,233 crore to Rs 69,922 crore in the six years from 2008-09 to 2014-15, in contrast, the outstanding debt of government undertakings has decreased by Rs 1,627 crore instead of increasing over the nine-year period from 2014-15 to 2023-24. This clearly demonstrates that the state government has successfully and consistently controlled the loans of public sector undertakings over the past 10 years.
Furthermore, the Chief Minister highlighted that under the UDAY scheme, loans amounting to Rs 25,950 crore of power corporations were taken into the account of the Haryana Government during 2015-16 and 2016-17. In addition, radical changes were introduced in the working systems of HSIIDC and HSVP. According to the actual estimates for 2023-24, out of our 43 undertakings, 28 have earned a net profit of Rs 1,746 crore, which further underscores the effectiveness of these financial reforms.
In 2014-15, only 20 undertakings were in profit, whose profit was only Rs 450 crore.
The Chief Minister said that under the dynamic leadership of Prime Minister, Sh. Narendra Modi, our government will continue to work towards making every Haryanvi family prosperous.
A Balanced Budget prepared by incorporating suggestions from all stakeholders – CM
Haryana Chief Minister, Nayab Singh Saini, who also holds the portfolio of Finance Minister, while presenting the state budget for 2025-26 in the Haryana Vidhan Sabha on Monday said that the government is continuously fulfilling the commitments made to the people before the elections in the Sankalp Patra. He shared that out of the 217 Sankalp, 19 Sankalp have been fulfilled so far, while work is in progress on 14. With the approval of the provisions of the 2025-26 state budget by the Vidhan Sabha, around 90 more Sankalp will be fulfilled in the upcoming financial year.
The Chief Minister highlighted that in line with Prime Minister Sh. Narendra Modi’s mantra of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas, and Sabka Prayas’, the former Chief Minister and Finance Minister Sh. Manohar Lal had introduced a unique process of pre-budget consultations in Haryana in 2020. Continuing this initiative, a total of 11 meetings were held with various stakeholders of Haryana’s economy to invite suggestions, resulting in 1,592 recommendations.
people from across Haryana sent 8,963 suggestions from the comfort of their homes.
He said that taking this tradition a step further, an online portal was launched on December 10, 2024. Through this portal, people from across Haryana sent 8,963 suggestions from the comfort of their homes. Additionally, some recommendations were received via email and letters, while others were submitted in written form by citizens. In total, nearly 11,000 suggestions were carefully analyzed, and the best ones were incorporated into the budget. By including inputs from all stakeholders, a balanced budget has been crafted for the welfare of every section of society, shared Sh. Nayab Singh Saini.
Haryana government employees to get UPS benefit
Haryana Chief Minister, Sh. Nayab Singh Saini said that on the lines of the Unified Pension Scheme notified by the Government of India on January 24, 2025, the employees of Haryana Government will also be given the benefit of Unified Pension Scheme (UPS).
The Chief Minister, who also holds the portfolio of Finance Minister, shared this information while presenting the budget 2025-26 during the ongoing budget session of the Haryana Vidhan Sabha here today.
He said that under this scheme, a monthly payout of at least Rs. 10,000 will be given, with 30 percent of that amount allocated as a family payout. Both these benefits will be provided after a minimum service of 10 years. Retired employees will receive the full benefit of the payout after 25 years of service. This scheme will benefit approximately 2 lakh employees currently serving in the Haryana Government.
He said that there is a shortage of government housing in some cities. Concrete efforts will be made to provide adequate housing for government employees. This will apply to every city in the coming years.
On the lines of PM Gati Shakti a new portal will be developed
The Chief Minister said that in the financial year 2025-26, the government’s first priority will be completing pending works. They intend to focus on these tasks immediately. They will also focus on finishing incomplete tasks. These works will be started on a war footing. To achieve this, a new portal will soon be created, similar to PM Gatishakti. Through this, continuous review of the progress of these works will be ensured.
The Chief Minister has announced a development plan for the financial year 2025-26. One 4-5 km road in each city will be upgraded to a smart road. Additionally, one 10-15 km road in each district will become a smart road. One old market in every city will be transformed into a smart market. Additionally, one street in each village will be developed into a smart street.
CM Announces ₹5 Crore per MLA for Constituency Development
The Chief Minister said that in the budget, a special provision of Rs 5 crore has been made for each MLA. This amount is for carrying out development works in their respective constituencies. This applies during the tenure of this Assembly. This amount will be disbursed in three installments. Each MLA will need to submit a prioritized list of development works totaling Rs 5 crore for their constituency. Based on this list, an amount of Rs 1.5 crore will be released in the first installment, according to the MLA’s priorities. The second installment will be Rs 1.5 crore, and the final installment will be Rs 2 crore. The next installment will be released only after 70 percent of the previous installment has been utilized.
