Goa State Budget 2008-09 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2008-09
Goa State Budget 2008-09 Budget at a Glance
Total Receipts
Rs 4,400 crore
+15.8%
Total Expenditure
Rs 5,850 crore
+20.6%
Fiscal Deficit
2.5%
Rs 700 crore
Capital Expenditure
Rs 1,050 crore
+23.5%
Tax Revenue
Rs 2,500 crore
+11.1%
Interest Payments
Rs 640 crore
11% of expenditure
Goa Revenue Receipts 2008-09
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2008-09
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2008-09
The fiscal deficit for Goa in 2008-09 is 2.5% of GSDP (Rs 700 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 640 crore consume 10.9% of total expenditure.
Goa State Budget 2008-09 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 6,400 crore | 100% |
| 1. Revenue Receipts | Rs 4,400 crore | 68.8% |
| a. Own Tax Revenue | Rs 2,500 crore | 39.1% |
| b. Non-Tax Revenue | Rs 700 crore | 10.9% |
| B. Total Expenditure | Rs 5,850 crore | 100% |
| 1. Revenue Expenditure | Rs 4,800 crore | 82.1% |
| 2. Capital Expenditure | Rs 1,050 crore | 17.9% |
| of which: Interest Payments | Rs 640 crore | 10.9% |
| C. Fiscal Deficit | Rs 700 crore | 2.5% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2008-09 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 5,850 crore as global financial crisis begins to affect mining revenues
- Revenue receipts at Rs 4,400 crore with own tax revenue at Rs 2,500 crore
- Revenue deficit of Rs 400 crore widens as spending growth outpaces revenues
- Fiscal deficit at 2.5% of GSDP (Rs 700 crore), moderate deterioration
- Outstanding debt at Rs 5,700 crore with debt-to-GSDP at 20.4% โ still comfortable
- Interest payments of Rs 640 crore absorb 14.5% of revenue receipts
- Capital expenditure at Rs 1,050 crore represents a significant step-up
- Iron ore prices decline sharply from mid-2008 as Chinese steel demand slows
- Tourism shows resilience as domestic visitors offset international decline
- Non-tax revenue at Rs 700 crore supported by residual mining royalties
- Sixth Pay Commission implementation begins adding to salary expenditure
- GSDP at Rs 28,000 crore with growth moderating due to global headwinds
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 4,850 crore | Rs 5,850 crore |
| Revenue Receipts | โ | โ | โ | Rs 3,800 crore | Rs 4,400 crore |
| Capital Expenditure | โ | โ | โ | Rs 850 crore | Rs 1,050 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.3% | 2.5% |
| Own Tax Revenue | โ | โ | โ | Rs 2,250 crore | Rs 2,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2008-09
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