Goa State Budget 2006-07 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2006-07
Goa State Budget 2006-07 Budget at a Glance
Total Receipts
Rs 3,200 crore
+14.3%
Total Expenditure
Rs 4,100 crore
+13.9%
Fiscal Deficit
2.5%
Rs 480 crore
Capital Expenditure
Rs 700 crore
+16.7%
Tax Revenue
Rs 1,900 crore
+15.2%
Interest Payments
Rs 440 crore
11% of expenditure
Goa Revenue Receipts 2006-07
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2006-07
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2006-07
The fiscal deficit for Goa in 2006-07 is 2.5% of GSDP (Rs 480 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 440 crore consume 10.7% of total expenditure.
Goa State Budget 2006-07 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 4,500 crore | 100% |
| 1. Revenue Receipts | Rs 3,200 crore | 71.1% |
| a. Own Tax Revenue | Rs 1,900 crore | 42.2% |
| b. Non-Tax Revenue | Rs 520 crore | 11.6% |
| B. Total Expenditure | Rs 4,100 crore | 100% |
| 1. Revenue Expenditure | Rs 3,400 crore | 82.9% |
| 2. Capital Expenditure | Rs 700 crore | 17.1% |
| of which: Interest Payments | Rs 440 crore | 10.7% |
| C. Fiscal Deficit | Rs 480 crore | 2.5% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2006-07 Analysis & Highlights
Key Highlights
- Total expenditure of Rs 4,100 crore, up 13.9% reflecting economic buoyancy
- Revenue receipts at Rs 3,200 crore with own tax revenue of Rs 1,900 crore
- Revenue deficit of Rs 200 crore remains stable at a manageable level
- Fiscal deficit at 2.5% of GSDP (Rs 480 crore), comfortably within FRBM limits
- Outstanding debt at Rs 4,600 crore with debt-to-GSDP improving to 24.2%
- Interest payments of Rs 440 crore absorb 13.8% of revenue receipts
- Capital expenditure at Rs 700 crore increases alongside revenue spending
- Iron ore mining boom drives export revenue and royalty collections higher
- Tourism growth accelerates with international charter flights expanding
- Non-tax revenue at Rs 520 crore boosted by mining royalties from iron ore surge
- Real estate and construction boom adds to economic activity and tax revenue
- GSDP at Rs 19,000 crore with 18.8% nominal growth driven by mining and tourism
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2002-03 | 2003-04 | 2004-05 | 2005-06 | 2006-07 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 3,600 crore | Rs 4,100 crore |
| Revenue Receipts | โ | โ | โ | Rs 2,800 crore | Rs 3,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 600 crore | Rs 700 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.6% | 2.5% |
| Own Tax Revenue | โ | โ | โ | Rs 1,650 crore | Rs 1,900 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2006-07
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