india-map

FIND YOUR MP

Switch to Hindi (हिंदी)
  • Budgets
  • States
  • Assam Budget Analysis 2025-26

Assam Budget Analysis 2025-26

Open Pdf

The Finance Minister of Assam, Ms. Ajanta Neog, presented the Budget for the state for the financial year 2025-26 on March 10, 2025.

Budget Highlights

  • The Gross State Domestic Product (GSDP) of Assam for 2025-26 (at current prices) is projected to be Rs 7,41,626 crore, amounting to growth of 15% over 2024-25.

  • Expenditure (excluding debt repayment) in 2025-26 is estimated to be Rs 1,46,642 crore, a decrease of 3% from the revised estimates of 2024-25.  In addition, debt of Rs 9,343 crore will be repaid by the state.

  • Receipts (excluding borrowings) for 2025-26 are estimated to be Rs 1,19,244 crore, an increase of 4% as compared to the revised estimate of 2024-25.  

  • The state is estimated to have a revenue balance (no surplus or deficit) in 2025-26, as compared to a revenue deficit of 0.8% of GSDP (Rs 5,368 crore) at the revised estimate stage in 2024-25.  

  • Fiscal deficit for 2025-26 is targeted at 3.7% of GSDP (Rs 27,398 crore).   In 2024-25, as per the revised estimates, fiscal deficit is expected to be 5.7% of GSDP, higher than the budgeted 3.5% of GSDP.

Policy Highlights

  • Mukhya Mantri Mahila Udyamita Abhiyaan: Self Help Groups (SHGs) will be provided an Entrepreneurship fund of Rs 10,000 as seed capital.  Post utilisation of this fund, SHGs will be provided subsidised loans worth Rs 25,000 through bank linkage. 

  • Chief Minister’s Jibon Prerna: Students graduating from government colleges and universities of Assam will be provided monthly financial assistance of Rs 2,500 up to one year.   Research scholars of state and central government universities will be provided one-time grant of Rs 25,000.

  • Food Security: To ensure essential nutrition, under the National Food Security Act, 2013, the state government will provide masur dal, sugar and salt at subsidised rates to beneficiaries.  Rs 370 crore has been allocated for this purpose for 2025-26.

Assam’s Economy

  • GSDP:  In 2023-24, Assam’s GSDP (at constant prices) is estimated to grow by 13.3% over the previous year.  In comparison, India’s GDP is estimated to grow by 9.2% in 2023-24. 

  • Sectors: At constant prices, agriculture sector is estimated to grow at 17% in 2023-24, as compared to 6.9% in 2022-23.  Manufacturing sector is estimated to grow -6.4% in 2023-24, as against 10.2% in 2022-23.  Services sector is estimated to grow 24.3% in 2023-24, as compared to 9.9% in 2022-23.

  • In 2023-24, agriculture, manufacturing, and services sectors are estimated to contribute 35%, 19%, and 46% of Assam’s economy, respectively (at current prices).

  • Per capita GSDP:  In 2023-24, Assam’s per capita GSDP (at current prices) is estimated to be Rs 1,58,807, an increase of 19% over 2022-23.  In 2023-24, India’s per capita GDP is estimated to be Rs 2,15,935.

Figure 1: Growth in Assam’s GSDP at constant prices (2011-12) 
  image

Note: These numbers are as per constant prices (2011-12) which implies that the growth rate is adjusted for inflation.
Sources: MoSPI; PRS.

 Budget Estimates for 2025-26

  • Total expenditure (excluding debt repayment) in 2025-26 is targeted at Rs 1,46,642 crore.  This is a decrease of 3% from the revised estimate of 2024-25.  This expenditure is proposed to be met through receipts (excluding borrowings) of Rs 1,19,244 crore and net borrowings of Rs 26,842 crore.  Total receipts for 2025-26 (other than borrowings) are expected to register an increase of 4% over the revised estimate of 2024-25.

  • The state estimates a revenue balance (neither surplus nor deficit) for 2025-26, as compared to a revenue deficit of 0.8% of GSDP at the revised estimate stage of 2024-25.  

  • Fiscal deficit for 2025-26 is targeted at 3.7% of GSDP (Rs 27,398 crore), lower than the revised estimates for 2024-25 (5.7% of GSDP).  For 2025-26, fiscal deficit limit for the states has been fixed at 3.5% of GSDP, of which 0.5% is on account of states undertaking power sector reforms.

Table 1: Budget 2025-26 - Key figures (in Rs crore)

Items

2023-24 Actuals

2024-25 Budgeted

2024-25 Revised

% change from BE 24-25 to RE 24-25

2025-26 Budgeted

% change from RE 24-25 to BE 25-26

Total Expenditure

1,36,317

1,43,891

1,68,673

17%

1,55,985

-8%

(-) Repayment of debt

20,645

7,192

17,192

139%

9,343

-46%

Net Expenditure (E)

1,15,672

1,36,699

1,51,481

11%

1,46,642

-3%

Total Receipts

1,38,830

1,43,606

1,57,806

10%

1,55,429

-2%

(-) Borrowings

44,014

29,441

43,330

47%

36,185

-16%

of which central capex loans*

5,804

4,000

7,757

94%

8,700

12%

Net Receipts (R)

94,817

1,14,165

1,14,476

0.3%

1,19,244

4%

Fiscal Deficit (E-R)

20,855

22,534

37,005

64%

27,398

-26%

as % of GSDP

3.7%

3.5%

5.7%

 

3.7%

 

Revenue Balance

-2,629

1,852

-5,368

-390%

0

-

as % of GSDP

-0.5%

0.3%

-0.8%

 

0.0%

 

Primary Deficit

12,716

12,936

27,318

111%

16,411

-40%

as % of GSDP

2.2%

2.0%

4.2%

 

2.2%

 

GSDP

5,70,994

6,43,089

6,43,667

0%

7,41,626

15%

Note: BE is Budget Estimates; RE is Revised Estimates.  *Central government has been providing 50-year interest-free loans to state governments for capital expenditure since 2020-21.  These loans are excluded from the calculation of the state's borrowing ceiling.
Sources: Annual Financial Statement, Assam Budget Documents 2025-26; PRS.

Read more...