Goa State Budget 2005-06 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2005-06
Goa State Budget 2005-06 Budget at a Glance
Total Receipts
Rs 2,800 crore
(excl. borrowings)
Total Expenditure
Rs 3,600 crore
Fiscal Deficit
2.6%
Rs 420 crore
Capital Expenditure
Rs 600 crore
Tax Revenue
Rs 1,650 crore
Net to Centre
Interest Payments
Rs 370 crore
10% of expenditure
Goa Revenue Receipts 2005-06
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2005-06
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2005-06
The fiscal deficit for Goa in 2005-06 is 2.6% of GSDP (Rs 420 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. Goa is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 370 crore consume 10.3% of total expenditure.
Goa State Budget 2005-06 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3,900 crore | 100% |
| 1. Revenue Receipts | Rs 2,800 crore | 71.8% |
| a. Own Tax Revenue | Rs 1,650 crore | 42.3% |
| b. Non-Tax Revenue | Rs 450 crore | 11.5% |
| B. Total Expenditure | Rs 3,600 crore | 100% |
| 1. Revenue Expenditure | Rs 3,000 crore | 83.3% |
| 2. Capital Expenditure | Rs 600 crore | 16.7% |
| of which: Interest Payments | Rs 370 crore | 10.3% |
| C. Fiscal Deficit | Rs 420 crore | 2.6% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2005-06 Analysis & Highlights
Key Highlights
- Total expenditure of Rs 3,600 crore for India's smallest state by area
- Revenue receipts at Rs 2,800 crore with own tax revenue of Rs 1,650 crore
- Revenue deficit of Rs 200 crore โ a manageable gap for the small economy
- Fiscal deficit at 2.6% of GSDP (Rs 420 crore), within FRBM parameters
- Outstanding debt at Rs 4,200 crore with debt-to-GSDP at 26.3%
- Interest payments of Rs 370 crore absorb 13.2% of revenue receipts
- Capital expenditure at Rs 600 crore directed toward tourism infrastructure and roads
- Mining sector contributes significantly to revenue through iron ore royalties
- Tourism anchors the services economy with over 20 lakh annual visitors
- Non-tax revenue at Rs 450 crore supported by mining royalties and port fees
- Casino and entertainment taxation emerging as a niche revenue source
- GSDP at Rs 16,000 crore โ one of India's highest per-capita income states
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2001-02 | 2002-03 | 2003-04 | 2004-05 | 2005-06 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 3,600 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 2,800 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 600 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 2.6% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 1,650 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2005-06
The Goa 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.
Goa 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.
Explore More
Compare Goa with other states
Side-by-side comparison of fiscal metrics across Indian states