Goa State Budget 2007-08 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2007-08
Goa State Budget 2007-08 Budget at a Glance
Total Receipts
Rs 3,800 crore
+18.8%
Total Expenditure
Rs 4,850 crore
+18.3%
Fiscal Deficit
2.3%
Rs 550 crore
Capital Expenditure
Rs 850 crore
+21.4%
Tax Revenue
Rs 2,250 crore
+18.4%
Interest Payments
Rs 530 crore
11% of expenditure
Goa Revenue Receipts 2007-08
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2007-08
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2007-08
The fiscal deficit for Goa in 2007-08 is 2.3% of GSDP (Rs 550 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 530 crore consume 10.9% of total expenditure.
Goa State Budget 2007-08 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 5,300 crore | 100% |
| 1. Revenue Receipts | Rs 3,800 crore | 71.7% |
| a. Own Tax Revenue | Rs 2,250 crore | 42.5% |
| b. Non-Tax Revenue | Rs 600 crore | 11.3% |
| B. Total Expenditure | Rs 4,850 crore | 100% |
| 1. Revenue Expenditure | Rs 4,000 crore | 82.5% |
| 2. Capital Expenditure | Rs 850 crore | 17.5% |
| of which: Interest Payments | Rs 530 crore | 10.9% |
| C. Fiscal Deficit | Rs 550 crore | 2.3% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2007-08 Analysis & Highlights
Key Highlights
- Total expenditure of Rs 4,850 crore as the mining boom reaches its zenith
- Revenue receipts at Rs 3,800 crore with own tax revenue surging to Rs 2,250 crore
- Revenue deficit of Rs 200 crore โ stable despite rapid expenditure growth
- Fiscal deficit at 2.3% of GSDP (Rs 550 crore), the lowest in recent years
- Outstanding debt at Rs 5,100 crore with debt-to-GSDP falling to 21.3%
- Interest payments of Rs 530 crore absorb 13.9% of revenue receipts
- Capital expenditure at Rs 850 crore directed toward roads and port infrastructure
- Iron ore exports at peak levels โ over 35 million tonnes shipped annually
- Tourism sector generates employment for over 40,000 workers directly
- Non-tax revenue at Rs 600 crore with mining royalties at historical highs
- Sixth Pay Commission preparation creates fiscal planning challenges
- GSDP at Rs 24,000 crore with per-capita income ranking among India's top three
Compare Goa 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 | Rs 4,100 crore | Rs 4,850 crore |
| Revenue Receipts | โ | โ | โ | Rs 3,200 crore | Rs 3,800 crore |
| Capital Expenditure | โ | โ | โ | Rs 700 crore | Rs 850 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.5% | 2.3% |
| Own Tax Revenue | โ | โ | โ | Rs 1,900 crore | Rs 2,250 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2007-08
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