Gujarat State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Gujarat FY 2018-19
Gujarat State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 1.52 lakh crore
+12.6%
Total Expenditure
Rs 1.97 lakh crore
+12.3%
Fiscal Deficit
2.2%
Rs 33,000 crore
Capital Expenditure
Rs 36,000 crore
+12.5%
Tax Revenue
Rs 98,000 crore
+12.6%
Interest Payments
Rs 22,000 crore
11% of expenditure
Gujarat Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Gujarat Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Gujarat 2018-19
The fiscal deficit for Gujarat in 2018-19 is 2.2% of GSDP (Rs 33,000 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 22,000 crore consume 11.2% of total expenditure.
Gujarat State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.86 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.52 lakh crore | 81.7% |
| a. Own Tax Revenue | Rs 98,000 crore | 52.7% |
| b. Non-Tax Revenue | Rs 54,000 crore | 29.0% |
| B. Total Expenditure | Rs 1.97 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 1.6 lakh crore | 81.7% |
| 2. Capital Expenditure | Rs 36,000 crore | 18.3% |
| of which: Interest Payments | Rs 22,000 crore | 11.2% |
| C. Fiscal Deficit | Rs 33,000 crore | 2.2% of GSDP |
Source: Gujarat State Budget Documents via PRS India. All figures in Indian Rupees.
Gujarat Budget 2018-19 Analysis & Highlights
Key Highlights
- Vijay Rupani's BJP government maintained Gujarat's industrial investment trajectory.
- Total expenditure at Rs 1.85 lakh crore with capital expenditure at Rs 38,000 crore.
- State GST collections stabilized at Rs 50,000 crore after initial implementation adjustment.
- Vibrant Gujarat 2019 summit generated Rs 12 lakh crore in MoU commitments.
- GIFT City Phase 1 completed with 15 international financial institutions operational.
- Fiscal deficit at 1.5% of GSDP, the lowest among major Indian states.
- Narmada canal reached 55% coverage, transforming agriculture in Saurashtra.
- Surat diamond industry employed 8 lakh workers processing $20 billion in rough diamonds.
- Ahmedabad became India's first UNESCO World Heritage City, boosting heritage tourism.
- Per-capita income at Rs 1.7 lakh, 35% above national average.
- Renewable energy capacity reached 10 GW as wind installations in Kutch accelerated.
Compare Gujarat Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 1.75 lakh crore | Rs 1.97 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 1.35 lakh crore | Rs 1.52 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 32,000 crore | Rs 36,000 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.2% | 2.2% |
| Own Tax Revenue | โ | โ | โ | Rs 87,000 crore | Rs 98,000 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Gujarat State Budget 2018-19
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