Goa State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2018-19
Goa State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 13,200 crore
+14.8%
Total Expenditure
Rs 17,100 crore
+14.8%
Fiscal Deficit
3.1%
Rs 2,200 crore
Capital Expenditure
Rs 3,100 crore
+14.8%
Tax Revenue
Rs 7,100 crore
+14.5%
Interest Payments
Rs 1,350 crore
8% of expenditure
Goa Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2018-19
The fiscal deficit for Goa in 2018-19 is 3.1% of GSDP (Rs 2,200 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 1,350 crore consume 7.9% of total expenditure.
Goa State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 19,800 crore | 100% |
| 1. Revenue Receipts | Rs 13,200 crore | 66.7% |
| a. Own Tax Revenue | Rs 7,100 crore | 35.9% |
| b. Non-Tax Revenue | Rs 1,700 crore | 8.6% |
| B. Total Expenditure | Rs 17,100 crore | 100% |
| 1. Revenue Expenditure | Rs 14,000 crore | 81.9% |
| 2. Capital Expenditure | Rs 3,100 crore | 18.1% |
| of which: Interest Payments | Rs 1,350 crore | 7.9% |
| C. Fiscal Deficit | Rs 2,200 crore | 3.1% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2018-19 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 17,100 crore with continued infrastructure investment
- Revenue receipts of Rs 13,200 crore with own tax revenue at Rs 7,100 crore
- Revenue deficit of Rs 800 crore as spending outpaces GST-boosted revenues
- Fiscal deficit at 3.1% of GSDP (Rs 2,200 crore), marginally above FRBM norms
- Outstanding debt at Rs 21,200 crore with debt-to-GSDP at 29.9%
- Interest payments of Rs 1,350 crore absorb 10.2% of revenue receipts
- Capital expenditure at Rs 3,100 crore โ highest in state history
- Mopa airport construction accelerates as a transformative project
- Mining faces fresh uncertainty as Supreme Court orders new auctions
- Casino revenue stabilises as a reliable component of state income
- Non-tax revenue at Rs 1,700 crore with improved fee collections
- GSDP at Rs 70,900 crore with tourism growth continuing to lead
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 14,900 crore | Rs 17,100 crore |
| Revenue Receipts | โ | โ | โ | Rs 11,500 crore | Rs 13,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,700 crore | Rs 3,100 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.0% | 3.1% |
| Own Tax Revenue | โ | โ | โ | Rs 6,200 crore | Rs 7,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2018-19
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