Goa State Budget 2017-18 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2017-18
Goa State Budget 2017-18 Budget at a Glance
Total Receipts
Rs 11,500 crore
+12.7%
Total Expenditure
Rs 14,900 crore
+12.9%
Fiscal Deficit
3.0%
Rs 1,850 crore
Capital Expenditure
Rs 2,700 crore
+12.5%
Tax Revenue
Rs 6,200 crore
+12.7%
Interest Payments
Rs 1,150 crore
8% of expenditure
Goa Revenue Receipts 2017-18
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2017-18
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2017-18
The fiscal deficit for Goa in 2017-18 is 3.0% of GSDP (Rs 1,850 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 1,150 crore consume 7.7% of total expenditure.
Goa State Budget 2017-18 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 17,200 crore | 100% |
| 1. Revenue Receipts | Rs 11,500 crore | 66.9% |
| a. Own Tax Revenue | Rs 6,200 crore | 36.0% |
| b. Non-Tax Revenue | Rs 1,500 crore | 8.7% |
| B. Total Expenditure | Rs 14,900 crore | 100% |
| 1. Revenue Expenditure | Rs 12,200 crore | 81.9% |
| 2. Capital Expenditure | Rs 2,700 crore | 18.1% |
| of which: Interest Payments | Rs 1,150 crore | 7.7% |
| C. Fiscal Deficit | Rs 1,850 crore | 3.0% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2017-18 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 14,900 crore as GST transition reshapes the revenue landscape
- Revenue receipts of Rs 11,500 crore with own tax revenue at Rs 6,200 crore
- Revenue deficit of Rs 700 crore amid GST transition challenges
- Fiscal deficit at 3.0% of GSDP (Rs 1,850 crore), at the FRBM ceiling
- Outstanding debt at Rs 18,500 crore with debt-to-GSDP at 30.2%
- Interest payments of Rs 1,150 crore absorb 10% of revenue receipts
- Capital expenditure at Rs 2,700 crore includes Mopa airport development
- GST implementation creates initial compliance burden for hospitality sector
- Mining capped at 20 MT โ sector contribution remains structurally reduced
- Casino industry matures as a stable revenue source
- Non-tax revenue at Rs 1,500 crore recovers partially
- GSDP at Rs 61,200 crore with tourism and services driving growth
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 13,200 crore | Rs 14,900 crore |
| Revenue Receipts | โ | โ | โ | Rs 10,200 crore | Rs 11,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,400 crore | Rs 2,700 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.1% | 3.0% |
| Own Tax Revenue | โ | โ | โ | Rs 5,500 crore | Rs 6,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2017-18
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