Goa State Budget 2021-22 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2021-22
Goa State Budget 2021-22 Budget at a Glance
Total Receipts
Rs 15,500 crore
+27.0%
Total Expenditure
Rs 20,400 crore
+13.3%
Fiscal Deficit
3.8%
Rs 3,100 crore
Capital Expenditure
Rs 3,200 crore
+45.5%
Tax Revenue
Rs 8,200 crore
+34.4%
Interest Payments
Rs 2,100 crore
10% of expenditure
Goa Revenue Receipts 2021-22
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2021-22
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Goa 2021-22
The fiscal deficit for Goa in 2021-22 is 3.8% of GSDP (Rs 3,100 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 2,100 crore consume 10.3% of total expenditure.
Goa State Budget 2021-22 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 23,500 crore | 100% |
| 1. Revenue Receipts | Rs 15,500 crore | 66.0% |
| a. Own Tax Revenue | Rs 8,200 crore | 34.9% |
| b. Non-Tax Revenue | Rs 1,900 crore | 8.1% |
| B. Total Expenditure | Rs 20,400 crore | 100% |
| 1. Revenue Expenditure | Rs 17,200 crore | 84.3% |
| 2. Capital Expenditure | Rs 3,200 crore | 15.7% |
| of which: Interest Payments | Rs 2,100 crore | 10.3% |
| C. Fiscal Deficit | Rs 3,100 crore | 3.8% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Budget 2021-22 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 20,400 crore as the economy recovers from the pandemic
- Revenue receipts of Rs 15,500 crore with own tax revenue rebounding to Rs 8,200 crore
- Revenue deficit narrows to Rs 1,700 crore as tourism-driven revenue recovers
- Fiscal deficit at 3.8% of GSDP (Rs 3,100 crore), still elevated from pandemic borrowing
- Outstanding debt at Rs 31,500 crore with debt-to-GSDP at 38.3%
- Interest payments of Rs 2,100 crore absorb 13.5% of revenue receipts
- Capital expenditure at Rs 3,200 crore includes Mopa airport final construction
- Tourism rebounds strongly with pent-up domestic demand
- Mining auction process remains stalled โ sector contribution near zero
- Casino revenue recovers as entertainment normalises post-COVID
- Non-tax revenue at Rs 1,900 crore with growing non-mining sources
- GSDP at Rs 82,200 crore as the economy surpasses pre-pandemic levels
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 18,000 crore | Rs 20,400 crore |
| Revenue Receipts | โ | โ | โ | Rs 12,200 crore | Rs 15,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,200 crore | Rs 3,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 4.8% | 3.8% |
| Own Tax Revenue | โ | โ | โ | Rs 6,100 crore | Rs 8,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2021-22
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