| Event | NITI Aayog's Fiscal Health Index (FHI) 2025 Report Released |
| Key State | Haryana ranked 14th among 18 major states, placing it in the bottom five. |
| Parameters | Quality of expenditure, revenue mobilisation, fiscal prudence, debt index, debt sustainability. |
| Scope of FHI | Covers 18 major states contributing significantly to India's GDP, demography, public expenditure, revenues, and fiscal stability. |
| Evaluation Period | 2014-15 to 2022-23 |
| Haryana's Debt Profile | Debt-to-GSDP ratio rose from 26% in 2018-19 to 33% in 2020-21, stabilised at 31% in 2022-23. |
| Interest Payments | Grew by 9.4% in 2022-23, with interest payment-to-revenue receipt ratio at 23%. |
| Debt Index Rank | Haryana ranked 15th, ahead of only Kerala, West Bengal, and Punjab. |
| Revenue Deficit | Stood at 1.7% of GSDP in 2022-23, failing to meet 15th Finance Commission recommendations. |
| Fiscal Deficit | Financed primarily through public debt (market borrowings and Central government loans) from 2017-18 to 2021-22. |
| Quality of Expenditure | Haryana ranked 16th, with a score of 24.8, ahead of Punjab and Kerala. |
| Capital Expenditure | Declined since 2018-19, constituting 1.4% of GSDP in 2022-23, below budget estimates. |
| Capital Expenditure Share | Fell from 16.4% in 2018-19 to 9.7% in 2022-23. |
| Recommendations | Increase capital expenditure on social services, enhance tax collection efficiency, establish a robust fiscal management framework, broaden revenue base, and rationalise expenditures. |
