Gujarat State Budget 2013-14 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2013-14
Gujarat State Budget 2013-14 Budget at a Glance
Total Receipts
Rs 88,000 crore
+12.8%
Total Expenditure
Rs 1.13 lakh crore
+13.0%
Fiscal Deficit
2.5%
Rs 19,500 crore
Capital Expenditure
Rs 20,000 crore
+14.3%
Tax Revenue
Rs 56,500 crore
+13.0%
Interest Payments
Rs 13,000 crore
12% of expenditure
Gujarat Revenue Receipts 2013-14
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2013-14
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2013-14
The fiscal deficit for Gujarat in 2013-14 is 2.5% of GSDP (Rs 19,500 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 13,000 crore consume 11.5% of total expenditure.
Gujarat State Budget 2013-14 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.06 lakh crore | 100% |
| 1. Revenue Receipts | Rs 88,000 crore | 82.6% |
| a. Own Tax Revenue | Rs 56,500 crore | 53.1% |
| b. Non-Tax Revenue | Rs 31,500 crore | 29.6% |
| B. Total Expenditure | Rs 1.13 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 93,000 crore | 82.3% |
| 2. Capital Expenditure | Rs 20,000 crore | 17.7% |
| of which: Interest Payments | Rs 13,000 crore | 11.5% |
| C. Fiscal Deficit | Rs 19,500 crore | 2.5% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2013-14 Analysis & Highlights
Key Highlights
- Gujarat's GSDP approached Rs 8.5 lakh crore as the state maintained its position as India's fastest-growing large economy.
- Revenue receipts reached approximately Rs 78,000 crore with own tax revenue crossing Rs 50,000 crore.
- Narendra Modi's final full year as Chief Minister before the 2014 general elections โ the Gujarat Model was the centerpiece of national political debate.
- Capital expenditure of Rs 26,000 crore set a new record, with highway construction and industrial infrastructure dominating.
- Fiscal deficit at 1.8% of GSDP โ the lowest among all major Indian states.
- Mundra port complex handled 100 million tonnes, a milestone unmatched by any port in India.
- Ford Sanand plant commenced commercial production, exporting EcoSport SUVs to 50 countries.
- Maruti Suzuki announced Rs 4,000 crore Hansalpur plant near Sanand, confirming Gujarat as India's newest auto hub.
- Surat diamond industry processed $25 billion despite slowing global luxury demand.
- GIFT City attracted first operational tenants with 3 commercial towers nearing completion.
- Solar and wind energy combined capacity crossed 5,000 MW, making Gujarat India's second-largest renewable state.
- Narmada canal reached 40% coverage with Saurashtra main branch canal under active construction.
- Per-capita income crossed Rs 1 lakh, double the national average of Rs 50,000.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1 lakh crore | Rs 1.13 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 78,000 crore | Rs 88,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 17,500 crore | Rs 20,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.6% | 2.5% |
| Own Tax Revenue | โ | โ | โ | Rs 50,000 crore | Rs 56,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2013-14
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.
Explore More
Compare Gujarat with other states
Side-by-side comparison of fiscal metrics across Indian states