Gujarat State Budget 2009-10 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2009-10
Gujarat State Budget 2009-10 Budget at a Glance
Total Receipts
Rs 48,000 crore
+20.0%
Total Expenditure
Rs 65,000 crore
+18.2%
Fiscal Deficit
3.0%
Rs 14,400 crore
Capital Expenditure
Rs 13,500 crore
+8.0%
Tax Revenue
Rs 28,800 crore
+20.0%
Interest Payments
Rs 9,200 crore
14% of expenditure
Gujarat Revenue Receipts 2009-10
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2009-10
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2009-10
The fiscal deficit for Gujarat in 2009-10 is 3.0% of GSDP (Rs 14,400 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. Gujarat is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 9,200 crore consume 14.2% of total expenditure.
Gujarat State Budget 2009-10 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 58,000 crore | 100% |
| 1. Revenue Receipts | Rs 48,000 crore | 82.8% |
| a. Own Tax Revenue | Rs 28,800 crore | 49.7% |
| b. Non-Tax Revenue | Rs 7,680 crore | 13.2% |
| B. Total Expenditure | Rs 65,000 crore | 100% |
| 1. Revenue Expenditure | Rs 51,500 crore | 79.2% |
| 2. Capital Expenditure | Rs 13,500 crore | 20.8% |
| of which: Interest Payments | Rs 9,200 crore | 14.2% |
| C. Fiscal Deficit | Rs 14,400 crore | 3.0% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2009-10 Analysis & Highlights
Key Highlights
- Global financial crisis impacted Gujarat's export-oriented manufacturing but less than feared.
- State VAT collections grew 6% to Rs 18,000 crore โ modest but positive amid national downturn.
- Diamond industry in Surat saw 2 lakh job losses as global luxury demand collapsed.
- Fiscal deficit at 2.5% of GSDP, widened but within manageable limits.
- Narendra Modi government maintained infrastructure spending despite revenue pressure.
- Agriculture grew 3% providing economic stability in rural Gujarat.
- Capital expenditure at Rs 12,000 crore for industrial infrastructure and Narmada canal.
- Textile exports from Surat declined 15% as global demand contracted.
- Kutch wind energy installations continued despite financing constraints.
- Per-capita income at Rs 58,000 maintaining Gujarat's position above national average.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 55,000 crore | Rs 65,000 crore |
| Revenue Receipts | โ | โ | โ | Rs 40,000 crore | Rs 48,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 12,500 crore | Rs 13,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.5% | 3.0% |
| Own Tax Revenue | โ | โ | โ | Rs 24,000 crore | Rs 28,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2009-10
The Gujarat 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.
Gujarat 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.
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Compare Gujarat with other states
Side-by-side comparison of fiscal metrics across Indian states