Goa State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2024-25
Goa State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 21,731 crore
+4.2%
Total Expenditure
Rs 24,751 crore
+0.6%
Fiscal Deficit
2.5%
Rs 3,001 crore
Capital Expenditure
Rs 4,853 crore
+4.2%
Tax Revenue
Rs 9,392 crore
+4.9%
Interest Payments
Rs 2,050 crore
8% of expenditure
Goa Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Goa 2024-25
The fiscal deficit for Goa in 2024-25 is 2.5% of GSDP (Rs 3,001 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 2,050 crore consume 8.3% of total expenditure.
Goa State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 26,465 crore | 100% |
| 1. Revenue Receipts | Rs 21,731 crore | 82.1% |
| a. Own Tax Revenue | Rs 9,392 crore | 35.5% |
| b. Non-Tax Revenue | Rs 6,124 crore | 23.1% |
| B. Total Expenditure | Rs 24,751 crore | 100% |
| 1. Revenue Expenditure | Rs 19,888 crore | 80.4% |
| 2. Capital Expenditure | Rs 4,853 crore | 19.6% |
| of which: Interest Payments | Rs 2,050 crore | 8.3% |
| C. Fiscal Deficit | Rs 3,001 crore | 2.5% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Department-wise Expenditure 2024-25
Top departments by allocation in Goa for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 2,900 crore | Rs 300 crore | Rs 3,200 crore | 12.9% |
2. Health & Family Welfare | Rs 1,400 crore | Rs 420 crore | Rs 1,820 crore | 7.4% |
3. Transport & Roads | Rs 700 crore | Rs 1,050 crore | Rs 1,750 crore | 7.1% |
4. Rural Development | Rs 1,050 crore | Rs 520 crore | Rs 1,570 crore | 6.3% |
5. Police & Home | Rs 1,000 crore | Rs 180 crore | Rs 1,180 crore | 4.8% |
6. Energy | Rs 900 crore | Rs 260 crore | Rs 1,160 crore | 4.7% |
7. Tourism & Culture | Rs 800 crore | Rs 350 crore | Rs 1,150 crore | 4.6% |
8. Water Supply & Sanitation | Rs 520 crore | Rs 600 crore | Rs 1,120 crore | 4.5% |
9. Urban Development | Rs 620 crore | Rs 430 crore | Rs 1,050 crore | 4.2% |
10. Agriculture & Allied | Rs 520 crore | Rs 220 crore | Rs 740 crore | 3.0% |
Goa Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 24,000 crore under BJP government led by Pramod Sawant.
- Fiscal deficit at Rs 2,500 crore โ 2.7% of GSDP.
- Tourism recovery complete โ visitor numbers exceeded pre-COVID levels.
- Mining ban continues โ alternative revenue sources developing slowly.
- Mopa Airport operational since January 2023 โ doubling air traffic capacity.
- Casino industry stable providing Rs 750 crore in government revenue.
- Education at Rs 3,200 crore with focus on higher education quality.
- Health at Rs 2,000 crore including Goa Medical College expansion.
- Outstanding debt at Rs 23,000 crore with debt-to-GSDP at 24%.
- Pharmaceutical sector exports exceeding Rs 5,000 crore.
- Waterways transport development along Mandovi and Zuari rivers.
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 24,603 crore | Rs 24,751 crore |
| Revenue Receipts | โ | โ | โ | Rs 20,853 crore | Rs 21,731 crore |
| Capital Expenditure | โ | โ | โ | Rs 4,656 crore | Rs 4,853 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.8% | 2.5% |
| Own Tax Revenue | โ | โ | โ | Rs 8,950 crore | Rs 9,392 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2024-25
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