Impact of Higher Salary on Common Men Welfare: A Study of Haryana Budget 2023-24

Abstract

The Haryana state budget for 2023-24 has been announced with a focus on welfare measures, infrastructure development, and economic growth. This research paper aims to analyze the impact of higher salary expenditure on the common man's welfare in Haryana, given that the salary and pension expenditure account for 38% of the total revenue receipts. The paper will also explore potential solutions to balance the needs of government employees with the welfare of the common man. The state is relying heavily on borrowing and state-owned tax revenue to finance its budget, and its debt liability is projected to increase, raising concerns about financial sustainability. With a large portion of the budget allocated to salaries and pensions of government employees, it becomes crucial to understand the impact of higher salaries on the welfare of the common man, given the challenges Haryana faces in providing adequate resources and infrastructure to its citizens.