Gujarat State Budget 2011-12 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2011-12
Gujarat State Budget 2011-12 Budget at a Glance
Total Receipts
Rs 68,500 crore
+14.2%
Total Expenditure
Rs 87,500 crore
+15.9%
Fiscal Deficit
2.7%
Rs 15,500 crore
Capital Expenditure
Rs 15,500 crore
+14.8%
Tax Revenue
Rs 43,500 crore
+14.5%
Interest Payments
Rs 10,000 crore
11% of expenditure
Gujarat Revenue Receipts 2011-12
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2011-12
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2011-12
The fiscal deficit for Gujarat in 2011-12 is 2.7% of GSDP (Rs 15,500 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 10,000 crore consume 11.4% of total expenditure.
Gujarat State Budget 2011-12 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 82,500 crore | 100% |
| 1. Revenue Receipts | Rs 68,500 crore | 83.0% |
| a. Own Tax Revenue | Rs 43,500 crore | 52.7% |
| b. Non-Tax Revenue | Rs 25,000 crore | 30.3% |
| B. Total Expenditure | Rs 87,500 crore | 100% |
| 1. Revenue Expenditure | Rs 72,000 crore | 82.3% |
| 2. Capital Expenditure | Rs 15,500 crore | 17.7% |
| of which: Interest Payments | Rs 10,000 crore | 11.4% |
| C. Fiscal Deficit | Rs 15,500 crore | 2.7% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2011-12 Analysis & Highlights
Key Highlights
- Gujarat's GSDP crossed Rs 6 lakh crore as the post-crisis recovery matured into sustained industrial expansion.
- Revenue receipts surged to approximately Rs 58,000 crore with VAT collections growing 24% on manufacturing output growth.
- Vibrant Gujarat 2011 summit generated Rs 20 lakh crore in MoU commitments, establishing the event as India's premier investment forum.
- Capital expenditure exceeded Rs 20,000 crore โ among the highest in India โ targeting roads, ports, and the nascent Dholera SIR.
- Fiscal deficit at 2.1% of GSDP maintained Gujarat's position as the fiscally most disciplined large state.
- Tata Nano production reached 75,000 units; Ford Motor Company announced Rs 5,000 crore Sanand factory.
- Mundra port handled 70 million tonnes, firmly established as India's largest port by throughput volume.
- Surat diamond industry recovered fully, processing $28 billion in rough diamonds with employment back at 6 lakh workers.
- GIFT City Phase 1 construction commenced with Rs 2,000 crore in initial infrastructure development.
- Narmada canal reached 30% of planned coverage, transforming agriculture in central Gujarat's semi-arid belt.
- Solar energy emerged alongside wind โ Gujarat's Charanka Solar Park became Asia's largest at 600 MW.
- Pharmaceutical exports from Gujarat crossed Rs 20,000 crore with 60 US FDA-approved manufacturing facilities.
- Debt-to-GSDP ratio fell below 19% as rapid economic growth outpaced debt accumulation.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2007-08 | 2008-09 | 2009-10 | 2010-11 | 2011-12 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 75,500 crore | Rs 87,500 crore |
| Revenue Receipts | โ | โ | โ | Rs 60,000 crore | Rs 68,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 13,500 crore | Rs 15,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 2.7% |
| Own Tax Revenue | โ | โ | โ | Rs 38,000 crore | Rs 43,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2011-12
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