Chhattisgarh State Budget 2007-08 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Chhattisgarh FY 2007-08
Chhattisgarh State Budget 2007-08 Budget at a Glance
Total Receipts
Rs 12,200 crore
(excl. borrowings)
Total Expenditure
Rs 16,500 crore
Fiscal Deficit
2.0%
Rs 1,400 crore
Capital Expenditure
Rs 3,100 crore
Tax Revenue
Rs 6,200 crore
Net to Centre
Interest Payments
Rs 1,600 crore
10% of expenditure
Chhattisgarh Revenue Receipts 2007-08
Own tax revenue vs non-tax revenue breakdown
Chhattisgarh Expenditure Breakdown 2007-08
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Chhattisgarh 2007-08
The fiscal deficit for Chhattisgarh in 2007-08 is 2.0% of GSDP (Rs 1,400 crore), reflecting the state's borrowing needs to fund development programmes.
States are expected to maintain fiscal deficit within 3% of GSDP as per the FRBM Act. Chhattisgarh is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 1,600 crore consume 9.7% of total expenditure.
Chhattisgarh State Budget 2007-08 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 16,100 crore | 100% |
| 1. Revenue Receipts | Rs 12,200 crore | 75.8% |
| a. Own Tax Revenue | Rs 6,200 crore | 38.5% |
| b. Non-Tax Revenue | Rs 2,400 crore | 14.9% |
| B. Total Expenditure | Rs 16,500 crore | 100% |
| 1. Revenue Expenditure | Rs 13,400 crore | 81.2% |
| 2. Capital Expenditure | Rs 3,100 crore | 18.8% |
| of which: Interest Payments | Rs 1,600 crore | 9.7% |
| C. Fiscal Deficit | Rs 1,400 crore | 2.0% of GSDP |
Source: Chhattisgarh State Budget Documents via PRS India. All figures in Indian Rupees.
Chhattisgarh Budget 2007-08 Analysis & Highlights
Key Highlights
- Total expenditure approximately Rs 18,000 crore โ Chhattisgarh completing its seventh year as a state carved from Madhya Pradesh.
- Raman Singh's BJP government in its second term, providing unprecedented political stability.
- Steel and mining dominated the economy โ Bhilai Steel Plant remained the state's industrial anchor.
- Coal production from South Eastern Coalfields Limited (SECL) made Chhattisgarh India's top coal-producing state.
- Naxal/Maoist insurgency at severe levels โ Bastar division effectively under insurgent influence.
- Salwa Judum armed vigilante movement creating massive civilian displacement and human rights concerns.
- Rice production earned Chhattisgarh the 'rice bowl of India' designation โ surplus producer.
- Education spending at Rs 3,000 crore โ school infrastructure improving from low MP-era base.
- Health allocation at Rs 1,500 crore โ primary health centres in Bastar region largely non-functional.
- Road construction at Rs 2,500 crore โ severely hampered by Naxal attacks on construction crews.
- Tribal welfare at Rs 2,200 crore for the 31% ST population concentrated in southern districts.
- Central transfers dominated the revenue profile at approximately 60% of total receipts.
- Power surplus state โ Chhattisgarh exported electricity to neighbouring states.
- Forest cover at 44% โ among the highest in India, but under pressure from mining.
Compare Chhattisgarh Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 16,500 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 12,200 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 3,100 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 2.0% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 6,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Chhattisgarh State Budget 2007-08
The Chhattisgarh state budget is the annual financial plan presented in the state legislature. It covers all revenue receipts, expenditure allocations across departments, and fiscal deficit management. State budgets are critical because states handle key development areas including education, health, agriculture, and infrastructure.
Chhattisgarh Revenue Sources
State revenue comes from three sources: own tax revenue (state GST, stamp duty, excise, vehicle tax), non-tax revenue (fees, fines, interest), and transfers from the Centre (share of central taxes as per Finance Commission recommendations, plus grants-in-aid for specific schemes).
Fiscal Deficit and State Borrowing
Under the FRBM framework, states target a fiscal deficit of 3% of GSDP. States can borrow from the market via State Development Loans (SDLs), and the central government also provides loans. The RBI manages the borrowing calendar for states to ensure orderly market conditions.
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Compare Chhattisgarh with other states
Side-by-side comparison of fiscal metrics across Indian states