Madhya Pradesh State Budget 2013-14 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Madhya Pradesh FY 2013-14
Madhya Pradesh State Budget 2013-14 Budget at a Glance
Total Receipts
Rs 75,749 crore
+7.6%
Total Expenditure
Rs 85,762 crore
+7.3%
Fiscal Deficit
2.3%
Rs 9,881 crore
Capital Expenditure
Rs 15,892 crore
-6.3%
Tax Revenue
Rs 56,267 crore
+9.5%
Interest Payments
Rs 6,391 crore
7% of expenditure
Madhya Pradesh Revenue Receipts 2013-14
Own tax revenue vs non-tax revenue breakdown
Madhya Pradesh Expenditure Breakdown 2013-14
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP — Madhya Pradesh 2013-14
The fiscal deficit for Madhya Pradesh in 2013-14 is 2.27% of GSDP (Rs 9,881 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 6,391 crore consume 7.5% of total expenditure.
Madhya Pradesh State Budget 2013-14 — Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 85,422 crore | 100% |
| 1. Revenue Receipts | Rs 75,749 crore | 88.7% |
| a. Own Tax Revenue | Rs 56,267 crore | 65.9% |
| b. Non-Tax Revenue | Rs 7,705 crore | 9.0% |
| B. Total Expenditure | Rs 85,762 crore | 100% |
| 1. Revenue Expenditure | Rs 69,870 crore | 81.5% |
| 2. Capital Expenditure | Rs 15,892 crore | 18.5% |
| of which: Interest Payments | Rs 6,391 crore | 7.5% |
| C. Fiscal Deficit | Rs 9,881 crore | 2.27% of GSDP |
Source: Madhya Pradesh State Budget Documents via PRS India. All figures in Indian Rupees.
Madhya Pradesh Budget 2013-14 Analysis & Highlights
Key Highlights
- Revenue receipts growth collapsed to 7.6% - Rs 75,749 crore against Rs 70,427 crore - the slowest of the entire 2010-15 period
- Fiscal deficit of Rs 9,881 crore held at 2.27% of GSDP, well below the 2.98% budgeted and the 3% FRBM ceiling
- Revenue surplus narrowed to Rs 5,879 crore (1.35% of GSDP), the smallest of the five-year block
- Total expenditure of Rs 85,762 crore grew 7.3%, a sharp brake after 2012-13's expansion
- Capital outlay fell 6.5% to Rs 10,813 crore in the assembly-election year, its only decline in the period
- Own tax revenue rose 9.7% to Rs 33,552 crore; total tax revenue with central share reached Rs 56,267 crore
- Grants from the Centre dropped to Rs 11,777 crore from Rs 12,040 crore, while tax devolution rose 9.2% to Rs 22,715 crore
- Revenue receipts fell Rs 3,854 crore short of the Rs 79,603 crore budget estimate
- Interest payments climbed 14.7% to Rs 6,391 crore and pension outgo rose 19.9% to Rs 5,932 crore
- Outstanding fiscal liabilities of Rs 96,826 crore fell to about 22.3% of GSDP as nominal GSDP surged 20.3% to Rs 4,34,730 crore
- Public debt receipts of Rs 9,541 crore against repayments of Rs 4,005 crore financed the deficit conventionally
Compare Madhya Pradesh Budget — Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2009-10 | 2010-11 | 2011-12 | 2012-13 | 2013-14 |
|---|---|---|---|---|---|
| Total Expenditure | — | — | — | Rs 79,921 crore | Rs 85,762 crore |
| Revenue Receipts | — | — | — | Rs 70,427 crore | Rs 75,749 crore |
| Capital Expenditure | — | — | — | Rs 16,952 crore | Rs 15,892 crore |
| Fiscal Deficit (% GSDP) | — | — | — | 2.61% | 2.27% |
| Own Tax Revenue | — | — | — | Rs 51,387 crore | Rs 56,267 crore |
Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Madhya Pradesh State Budget 2013-14
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