Madhya Pradesh State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Madhya Pradesh FY 2015-16
Madhya Pradesh State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 1.06 lakh crore
+19.0%
Total Expenditure
Rs 1.2 lakh crore
+12.2%
Fiscal Deficit
2.6%
Rs 14,065 crore
Capital Expenditure
Rs 19,995 crore
-18.1%
Tax Revenue
Rs 78,611 crore
+29.6%
Interest Payments
Rs 8,091 crore
7% of expenditure
Madhya Pradesh Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Madhya Pradesh Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Madhya Pradesh 2015-16
The fiscal deficit for Madhya Pradesh in 2015-16 is 2.6% of GSDP (Rs 14,065 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 8,091 crore consume 6.8% of total expenditure.
Madhya Pradesh State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 1.06 lakh crore | 100% |
| 1. Revenue Receipts | Rs 1.06 lakh crore | 99.8% |
| a. Own Tax Revenue | Rs 78,611 crore | 74.4% |
| b. Non-Tax Revenue | Rs 8,569 crore | 8.1% |
| B. Total Expenditure | Rs 1.2 lakh crore | 100% |
| 1. Revenue Expenditure | Rs 99,771 crore | 83.3% |
| 2. Capital Expenditure | Rs 19,995 crore | 16.7% |
| of which: Interest Payments | Rs 8,091 crore | 6.8% |
| C. Fiscal Deficit | Rs 14,065 crore | 2.6% of GSDP |
Source: Madhya Pradesh State Budget Documents via PRS India. All figures in Indian Rupees.
Madhya Pradesh Budget 2015-16 Analysis & Highlights
Key Highlights
- Total expenditure in 2015-16 came in at Rs 1,19,766 crore (actuals) โ Rs 99,771 crore revenue expenditure plus Rs 19,995 crore capital spending
- Fiscal deficit of Rs 14,065 crore worked out to 2.6% of GSDP on the final NSO series (2.49% as presented in budget documents) โ comfortably inside the 3% FRBM ceiling
- Madhya Pradesh ran a revenue surplus of Rs 5,740 crore, about 1.1% of GSDP, continuing an unbroken surplus streak
- First year of the 14th Finance Commission award: share in central taxes reached Rs 38,371 crore and grants-in-aid Rs 18,330 crore โ central transfers funded 53.7% of revenue receipts
- Revenue receipts rose roughly 19% to Rs 1,05,511 crore from an RBI-derived base of Rs 88,641 crore in 2014-15
- Own tax revenue stood at Rs 40,240 crore โ an own-tax-to-GSDP ratio of 7.4%, among the stronger ratios for a low-income state
- Interest payments of Rs 8,091 crore absorbed just 7.7% of revenue receipts, evidence of a light debt-service burden
- Outstanding liabilities closed the year at Rs 1,27,714 crore โ 23.6% of GSDP โ with market loans (SDLs) of Rs 56,140 crore
- Capital outlay (RBI accounts basis) jumped 42% to Rs 16,835 crore from Rs 11,878 crore in 2014-15
- Nominal GSDP expanded 12.7% to Rs 5,41,068 crore (2011-12 base, current prices)
Compare Madhya Pradesh 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 1.07 lakh crore | Rs 1.2 lakh crore |
| Revenue Receipts | โ | โ | โ | Rs 88,641 crore | Rs 1.06 lakh crore |
| Capital Expenditure | โ | โ | โ | Rs 24,413 crore | Rs 19,995 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.23% | 2.6% |
| Own Tax Revenue | โ | โ | โ | Rs 60,674 crore | Rs 78,611 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Madhya Pradesh State Budget 2015-16
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