Goa State Budget 2025-26 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Goa FY 2025-26
Goa State Budget 2025-26 Budget at a Glance
Total Receipts
Rs 22,706 crore
+4.5%
Total Expenditure
Rs 25,639 crore
+3.6%
Fiscal Deficit
2.1%
Rs 2,932 crore
Capital Expenditure
Rs 5,337 crore
+10.0%
Tax Revenue
Rs 10,200 crore
+8.6%
Interest Payments
Rs 2,200 crore
9% of expenditure
Goa Revenue Receipts 2025-26
Own tax revenue vs non-tax revenue breakdown
Goa Expenditure Breakdown 2025-26
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Goa 2025-26
The fiscal deficit for Goa in 2025-26 is 2.1% of GSDP (Rs 2,932 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 2,200 crore consume 8.6% of total expenditure.
Goa State Budget 2025-26 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 25,639 crore | 100% |
| 1. Revenue Receipts | Rs 22,706 crore | 88.6% |
| a. Own Tax Revenue | Rs 10,200 crore | 39.8% |
| b. Non-Tax Revenue | Rs 6,500 crore | 25.4% |
| B. Total Expenditure | Rs 25,639 crore | 100% |
| 1. Revenue Expenditure | Rs 20,302 crore | 79.2% |
| 2. Capital Expenditure | Rs 5,337 crore | 20.8% |
| of which: Interest Payments | Rs 2,200 crore | 8.6% |
| C. Fiscal Deficit | Rs 2,932 crore | 2.1% of GSDP |
Source: Goa State Budget Documents via PRS India. All figures in Indian Rupees.
Goa Department-wise Expenditure 2025-26
Top departments by allocation in Goa for 2025-26
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 3,200 crore | Rs 350 crore | Rs 3,550 crore | 13.8% |
2. Health & Family Welfare | Rs 1,600 crore | Rs 500 crore | Rs 2,100 crore | 8.2% |
3. Transport & Roads | Rs 800 crore | Rs 1,200 crore | Rs 2,000 crore | 7.8% |
4. Rural Development | Rs 1,200 crore | Rs 600 crore | Rs 1,800 crore | 7.0% |
5. Tourism & Culture | Rs 900 crore | Rs 400 crore | Rs 1,300 crore | 5.1% |
6. Water Supply & Sanitation | Rs 600 crore | Rs 700 crore | Rs 1,300 crore | 5.1% |
7. Police & Home | Rs 1,100 crore | Rs 200 crore | Rs 1,300 crore | 5.1% |
8. Energy | Rs 1,000 crore | Rs 300 crore | Rs 1,300 crore | 5.1% |
9. Urban Development | Rs 700 crore | Rs 500 crore | Rs 1,200 crore | 4.7% |
10. Agriculture & Allied | Rs 600 crore | Rs 250 crore | Rs 850 crore | 3.3% |
Goa Budget 2025-26 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 26,000 crore โ modest in absolute terms but highest per-capita among states.
- Fiscal deficit at Rs 2,800 crore, approximately 2.8% of GSDP.
- Highest per-capita income among Indian states at approximately Rs 5.5 lakh.
- Tourism revenue recovery complete โ 90 lakh visitors expected in 2025-26.
- Mining ban (iron ore) since 2018 continues to constrain non-tax revenue.
- Casino revenue and entertainment taxes provide approximately Rs 800 crore.
- Education spending at Rs 3,500 crore โ strong infrastructure for small population.
- Health spending at Rs 2,200 crore including Goa Medical College expansion.
- Outstanding debt at Rs 25,000 crore with debt-to-GSDP at 25%.
- Mopa Airport (new international airport) expected to boost tourism capacity.
- Interest payments at Rs 2,200 crore consume 13% of revenue receipts.
- Pharmaceutical manufacturing (Verna industrial estate) growing as economic diversifier.
Compare Goa Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2021-22 | 2022-23 | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 24,751 crore | Rs 25,639 crore |
| Revenue Receipts | โ | โ | โ | Rs 21,731 crore | Rs 22,706 crore |
| Capital Expenditure | โ | โ | โ | Rs 4,853 crore | Rs 5,337 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.5% | 2.1% |
| Own Tax Revenue | โ | โ | โ | Rs 9,392 crore | Rs 10,200 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Goa State Budget 2025-26
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