Madhya Pradesh State Budget 2010-11 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Madhya Pradesh FY 2010-11
Madhya Pradesh State Budget 2010-11 Budget at a Glance
Total Receipts
Rs 51,854 crore
+35.7%
Total Expenditure
Rs 57,528 crore
+8.5%
Fiscal Deficit
2.0%
Rs 5,272 crore
Capital Expenditure
Rs 12,516 crore
+31.7%
Tax Revenue
Rs 37,058 crore
+124.6%
Interest Payments
Rs 5,049 crore
9% of expenditure
Madhya Pradesh Revenue Receipts 2010-11
Own tax revenue vs non-tax revenue breakdown
Madhya Pradesh Expenditure Breakdown 2010-11
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Madhya Pradesh 2010-11
The fiscal deficit for Madhya Pradesh in 2010-11 is 2.00% of GSDP (Rs 5,272 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. Madhya Pradesh is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 5,049 crore consume 8.8% of total expenditure.
Madhya Pradesh State Budget 2010-11 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 59,714 crore | 100% |
| 1. Revenue Receipts | Rs 51,854 crore | 86.8% |
| a. Own Tax Revenue | Rs 37,058 crore | 62.1% |
| b. Non-Tax Revenue | Rs 5,720 crore | 9.6% |
| B. Total Expenditure | Rs 57,528 crore | 100% |
| 1. Revenue Expenditure | Rs 45,012 crore | 78.2% |
| 2. Capital Expenditure | Rs 12,516 crore | 21.8% |
| of which: Interest Payments | Rs 5,049 crore | 8.8% |
| C. Fiscal Deficit | Rs 5,272 crore | 2.00% of GSDP |
Source: Madhya Pradesh State Budget Documents via PRS India. All figures in Indian Rupees.
Madhya Pradesh Budget 2010-11 Analysis & Highlights
Key Highlights
- Total expenditure of Rs 57,528 crore against revenue receipts of Rs 51,854 crore, with 90% of all spending covered by revenue receipts
- Revenue receipts jumped 25.3% year-on-year, the fastest growth of the 2006-11 period, adding Rs 10,459 crore in a single year
- Fiscal deficit of Rs 5,272 crore worked out to 2.00% of GSDP, well inside the FRBM ceiling and the 13th Finance Commission's 3% norm
- Revenue surplus of Rs 6,843 crore (about 2.5% of GSDP) - the seventh consecutive year of surplus since 2004-05
- Own tax revenue reached Rs 21,419 crore, growing 24% on the back of a 33% surge in sales tax collections
- Central transfers contributed 48% of revenue receipts: Rs 15,639 crore as share in Union taxes (up 41%) plus Rs 9,077 crore in grants
- Capital outlay of Rs 8,800 crore was 15.3% of total expenditure, with 98.4% of it under Plan heads
- Interest payments of Rs 5,049 crore consumed 9.7 paise of every rupee of revenue receipts
- Outstanding fiscal liabilities stood at Rs 75,504 crore, roughly 28.7% of GSDP and 1.5 times annual revenue receipts
- The budget presented on 25 February 2010 announced the Mukhyamantri Gram Sadak Yojana with an initial provision of Rs 200 crore
- Nominal GSDP of Rs 2,63,396 crore grew 14.1% - the slowest nominal expansion of the 2010-15 period
Compare Madhya Pradesh Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2006-07 | 2007-08 | 2008-09 | 2009-10 | 2010-11 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 53,000 crore | Rs 57,528 crore |
| Revenue Receipts | โ | โ | โ | Rs 38,200 crore | Rs 51,854 crore |
| Capital Expenditure | โ | โ | โ | Rs 9,500 crore | Rs 12,516 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.8% | 2.00% |
| Own Tax Revenue | โ | โ | โ | Rs 16,500 crore | Rs 37,058 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Madhya Pradesh State Budget 2010-11
The Madhya Pradesh 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.
Madhya Pradesh 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 Madhya Pradesh with other states
Side-by-side comparison of fiscal metrics across Indian states