Goa State Budget 2019-20 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2019-20
Goa State Budget 2019-20 Budget at a Glance
Total Receipts
Rs 13,800 crore
+4.5%
Total Expenditure
Rs 18,000 crore
+5.3%
Fiscal Deficit
3.3%
Rs 2,500 crore
Capital Expenditure
Rs 2,800 crore
-9.7%
Tax Revenue
Rs 7,400 crore
+4.2%
Interest Payments
Rs 1,550 crore
9% of expenditure
Goa Revenue Receipts 2019-20
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2019-20
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2019-20
The fiscal deficit for Goa in 2019-20 is 3.3% of GSDP (Rs 2,500 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 1,550 crore consume 8.6% of total expenditure.
Goa State Budget 2019-20 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 20,500 crore | 100% |
| 1. Revenue Receipts | Rs 13,800 crore | 67.3% |
| a. Own Tax Revenue | Rs 7,400 crore | 36.1% |
| b. Non-Tax Revenue | Rs 1,800 crore | 8.8% |
| B. Total Expenditure | Rs 18,000 crore | 100% |
| 1. Revenue Expenditure | Rs 15,200 crore | 84.4% |
| 2. Capital Expenditure | Rs 2,800 crore | 15.6% |
| of which: Interest Payments | Rs 1,550 crore | 8.6% |
| C. Fiscal Deficit | Rs 2,500 crore | 3.3% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2019-20 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 18,000 crore โ the last pre-pandemic fiscal year
- Revenue receipts of Rs 13,800 crore with own tax revenue at Rs 7,400 crore
- Revenue deficit widens to Rs 1,400 crore as fiscal pressures mount
- Fiscal deficit at 3.3% of GSDP (Rs 2,500 crore), above FRBM norms
- Outstanding debt at Rs 24,500 crore with debt-to-GSDP rising to 32.2%
- Interest payments of Rs 1,550 crore absorb 11.2% of revenue receipts
- Capital expenditure at Rs 2,800 crore with Mopa airport advancing
- Mining operations largely suspended following Supreme Court auction orders
- Tourism at peak with over 80 lakh visitors before March lockdown
- Non-tax revenue at Rs 1,800 crore as non-mining sources gain importance
- Market borrowings of Rs 4,500 crore reflect growing reliance on debt
- GSDP at Rs 76,000 crore before the pandemic disruption
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 17,100 crore | Rs 18,000 crore |
| Revenue Receipts | โ | โ | โ | Rs 13,200 crore | Rs 13,800 crore |
| Capital Expenditure | โ | โ | โ | Rs 3,100 crore | Rs 2,800 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.1% | 3.3% |
| Own Tax Revenue | โ | โ | โ | Rs 7,100 crore | Rs 7,400 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2019-20
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