Goa State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2015-16
Goa State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 8,950 crore
(excl. borrowings)
Total Expenditure
Rs 11,300 crore
Fiscal Deficit
3.1%
Rs 1,450 crore
Capital Expenditure
Rs 2,100 crore
Tax Revenue
Rs 4,800 crore
Net to Centre
Interest Payments
Rs 870 crore
8% of expenditure
Goa Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2015-16
The fiscal deficit for Goa in 2015-16 is 3.1% of GSDP (Rs 1,450 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 870 crore consume 7.7% of total expenditure.
Goa State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 13,200 crore | 100% |
| 1. Revenue Receipts | Rs 8,950 crore | 67.8% |
| a. Own Tax Revenue | Rs 4,800 crore | 36.4% |
| b. Non-Tax Revenue | Rs 1,250 crore | 9.5% |
| B. Total Expenditure | Rs 11,300 crore | 100% |
| 1. Revenue Expenditure | Rs 9,200 crore | 81.4% |
| 2. Capital Expenditure | Rs 2,100 crore | 18.6% |
| of which: Interest Payments | Rs 870 crore | 7.7% |
| C. Fiscal Deficit | Rs 1,450 crore | 3.1% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2015-16 Analysis & Highlights
Key Highlights
- Iron ore mining still suspended under Supreme Court-imposed cap.
- Tourism growing steadily with international charter season expanding.
- Casino industry established with stable revenue contribution.
- Pharmaceutical manufacturing emerging as significant economic sector.
- Per-capita income highest among Indian states.
- Fiscal deficit moderate with manageable debt-to-GSDP ratio.
- Education and health indicators above national average.
- Mormugao Port handling declining cargo due to mining ban impact.
- Real estate market active driven by tourism and NRI investment.
- Small population of 15 lakh enables relatively high per-capita spending.
- IT sector growing modestly in Dona Paula and Verna.
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 11,300 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 8,950 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 2,100 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 3.1% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 4,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2015-16
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