Gujarat State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2015-16
Gujarat State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 1.08 lakh crore
+10.7%
Total Expenditure
Rs 1.4 lakh crore
+10.7%
Fiscal Deficit
2.3%
Rs 24,000 crore
Capital Expenditure
Rs 25,000 crore
+11.1%
Tax Revenue
Rs 69,500 crore
+10.3%
Interest Payments
Rs 16,000 crore
11% of expenditure
Gujarat Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2015-16
The fiscal deficit for Gujarat in 2015-16 is 2.3% of GSDP (Rs 24,000 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 16,000 crore consume 11.5% of total expenditure.
Gujarat State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.31 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.08 lakh crore | 82.5% |
| a. Own Tax Revenue | Rs 69,500 crore | 52.9% |
| b. Non-Tax Revenue | Rs 39,000 crore | 29.7% |
| B. Total Expenditure | Rs 1.4 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.15 lakh crore | 82.1% |
| 2. Capital Expenditure | Rs 25,000 crore | 17.9% |
| of which: Interest Payments | Rs 16,000 crore | 11.5% |
| C. Fiscal Deficit | Rs 24,000 crore | 2.3% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2015-16 Analysis & Highlights
Key Highlights
- First post-Modi BJP government under Anandiben Patel maintained industrial policy continuity.
- State VAT collections of Rs 40,000 crore reflected deep industrialization.
- Mundra Port became India's largest port by cargo volume, surpassing government ports.
- Capital expenditure at Rs 28,000 crore focused on industrial infrastructure and roads.
- Fiscal deficit at 1.7% of GSDP, well below the 3% FRBM ceiling.
- Narmada canal reached 40% coverage with irrigation in Saurashtra expanding rapidly.
- Pharmaceutical sector generated Rs 60,000 crore in annual revenue from Ahmedabad cluster.
- Per-capita income at Rs 1.3 lakh, 30% above national average.
- Surat textile industry (power looms and processing) employed 15 lakh workers.
- Renewable energy capacity crossed 5 GW as early wind installations began generating.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2011-12 | 2012-13 | 2013-14 | 2014-15 | 2015-16 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.26 lakh crore | Rs 1.4 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 98,000 crore | Rs 1.08 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 22,500 crore | Rs 25,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.4% | 2.3% |
| Own Tax Revenue | โ | โ | โ | Rs 63,000 crore | Rs 69,500 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2015-16
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