Goa State Budget 2020-21 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2020-21
Goa State Budget 2020-21 Budget at a Glance
Total Receipts
Rs 12,200 crore
-11.6%
Total Expenditure
Rs 18,000 crore
0.0%
Fiscal Deficit
4.8%
Rs 3,200 crore
Capital Expenditure
Rs 2,200 crore
-21.4%
Tax Revenue
Rs 6,100 crore
-17.6%
Interest Payments
Rs 1,800 crore
10% of expenditure
Goa Revenue Receipts 2020-21
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2020-21
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2020-21
The fiscal deficit for Goa in 2020-21 is 4.8% of GSDP (Rs 3,200 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's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 1,800 crore consume 10.0% of total expenditure.
Goa State Budget 2020-21 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 19,800 crore | 100% |
| 1. Revenue Receipts | Rs 12,200 crore | 61.6% |
| a. Own Tax Revenue | Rs 6,100 crore | 30.8% |
| b. Non-Tax Revenue | Rs 1,500 crore | 7.6% |
| B. Total Expenditure | Rs 18,000 crore | 100% |
| 1. Revenue Expenditure | Rs 15,800 crore | 87.8% |
| 2. Capital Expenditure | Rs 2,200 crore | 12.2% |
| of which: Interest Payments | Rs 1,800 crore | 10.0% |
| C. Fiscal Deficit | Rs 3,200 crore | 4.8% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2020-21 Analysis & Highlights
Key Highlights
- COVID-19 devastated Goa's tourism-dependent economy โ near-total shutdown for 6 months.
- Tourist arrivals fell by over 70% โ hotels, restaurants, and beach shacks closed.
- Charter flights from Europe cancelled entirely โ international tourism at zero.
- Revenue collapsed by approximately 30% as tourism-related taxes evaporated.
- Casino operations suspended for months โ major revenue loss.
- Mining ban continued โ double revenue shock from tourism plus mining absence.
- Health spending surged as Goa Medical College managed COVID cases for entire state.
- Fiscal deficit widened sharply as borrowing covered revenue shortfall.
- Pharmaceutical sector provided some resilience with drug demand surge.
- Beach economy workers โ shack owners, taxi drivers, guides โ faced existential crisis.
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 18,000 crore | Rs 18,000 crore |
| Revenue Receipts | โ | โ | โ | Rs 13,800 crore | Rs 12,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,800 crore | Rs 2,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.3% | 4.8% |
| Own Tax Revenue | โ | โ | โ | Rs 7,400 crore | Rs 6,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2020-21
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