Goa State Budget 2016-17 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2016-17
Goa State Budget 2016-17 Budget at a Glance
Total Receipts
Rs 10,200 crore
+14.0%
Total Expenditure
Rs 13,200 crore
+16.8%
Fiscal Deficit
3.1%
Rs 1,650 crore
Capital Expenditure
Rs 2,400 crore
+14.3%
Tax Revenue
Rs 5,500 crore
+14.6%
Interest Payments
Rs 1,000 crore
8% of expenditure
Goa Revenue Receipts 2016-17
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2016-17
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2016-17
The fiscal deficit for Goa in 2016-17 is 3.1% of GSDP (Rs 1,650 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 1,000 crore consume 7.6% of total expenditure.
Goa State Budget 2016-17 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 15,200 crore | 100% |
| 1. Revenue Receipts | Rs 10,200 crore | 67.1% |
| a. Own Tax Revenue | Rs 5,500 crore | 36.2% |
| b. Non-Tax Revenue | Rs 1,350 crore | 8.9% |
| B. Total Expenditure | Rs 13,200 crore | 100% |
| 1. Revenue Expenditure | Rs 10,800 crore | 81.8% |
| 2. Capital Expenditure | Rs 2,400 crore | 18.2% |
| of which: Interest Payments | Rs 1,000 crore | 7.6% |
| C. Fiscal Deficit | Rs 1,650 crore | 3.1% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2016-17 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 13,200 crore in the post-mining-ban economic equilibrium
- Revenue receipts of Rs 10,200 crore with own tax revenue at Rs 5,500 crore
- Revenue deficit of Rs 600 crore as the state adjusts to reduced mining revenue
- Fiscal deficit at 3.1% of GSDP (Rs 1,650 crore), close to the FRBM limit
- Outstanding debt at Rs 16,200 crore with debt-to-GSDP at 30.6%
- Interest payments of Rs 1,000 crore absorb 9.8% of revenue receipts
- Capital expenditure at Rs 2,400 crore focused on roads and tourism infrastructure
- Mining cap of 20 million tonnes limits iron ore exports well below pre-ban levels
- Casino taxation contributes meaningfully to state revenue
- Tourism crosses 50 lakh visitors annually as domestic travel grows
- Non-tax revenue at Rs 1,350 crore โ sharply lower than pre-2012 mining-driven levels
- GSDP at Rs 53,000 crore with services-led growth replacing mining dependence
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2012-13 | 2013-14 | 2014-15 | 2015-16 | 2016-17 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 11,300 crore | Rs 13,200 crore |
| Revenue Receipts | โ | โ | โ | Rs 8,950 crore | Rs 10,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,100 crore | Rs 2,400 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.1% | 3.1% |
| Own Tax Revenue | โ | โ | โ | Rs 4,800 crore | Rs 5,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2016-17
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