Gujarat State Budget 2012-13 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2012-13
Gujarat State Budget 2012-13 Budget at a Glance
Total Receipts
Rs 78,000 crore
+13.9%
Total Expenditure
Rs 1 lakh crore
+14.3%
Fiscal Deficit
2.6%
Rs 17,500 crore
Capital Expenditure
Rs 17,500 crore
+12.9%
Tax Revenue
Rs 50,000 crore
+14.9%
Interest Payments
Rs 11,500 crore
12% of expenditure
Gujarat Revenue Receipts 2012-13
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2012-13
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2012-13
The fiscal deficit for Gujarat in 2012-13 is 2.6% of GSDP (Rs 17,500 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 11,500 crore consume 11.5% of total expenditure.
Gujarat State Budget 2012-13 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 94,000 crore | 100% |
| 1. Revenue Receipts | Rs 78,000 crore | 83.0% |
| a. Own Tax Revenue | Rs 50,000 crore | 53.2% |
| b. Non-Tax Revenue | Rs 28,000 crore | 29.8% |
| B. Total Expenditure | Rs 1 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 82,500 crore | 82.5% |
| 2. Capital Expenditure | Rs 17,500 crore | 17.5% |
| of which: Interest Payments | Rs 11,500 crore | 11.5% |
| C. Fiscal Deficit | Rs 17,500 crore | 2.6% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2012-13 Analysis & Highlights
Key Highlights
- Narendra Modi's final full budget as CM before 2014 general election campaign.
- State VAT collections of Rs 30,000 crore grew 16% reflecting industrial recovery.
- Vibrant Gujarat 2013 summit attracted Rs 20 lakh crore in MoU commitments.
- Capital expenditure at Rs 22,000 crore maintained Gujarat's high investment trajectory.
- Fiscal deficit at 1.8% of GSDP, among the lowest nationally.
- Tata Nano factory at Sanand attracted auto component cluster worth Rs 5,000 crore.
- Narmada canal reached 30% coverage; agriculture in command area grew 8%.
- Surat became world's fastest-growing city economically, driven by diamonds and textiles.
- Per-capita income at Rs 95,000, 25% above national average.
- Power surplus state: Gujarat generated excess electricity for inter-state sale.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2008-09 | 2009-10 | 2010-11 | 2011-12 | 2012-13 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 87,500 crore | Rs 1 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 68,500 crore | Rs 78,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 15,500 crore | Rs 17,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 2.6% |
| Own Tax Revenue | โ | โ | โ | Rs 43,500 crore | Rs 50,000 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2012-13
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