Meghalaya State Budget 2008-09 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2008-09
Meghalaya State Budget 2008-09 Budget at a Glance
Total Receipts
Rs 3,300 crore
+13.8%
Total Expenditure
Rs 3,920 crore
+14.6%
Fiscal Deficit
2.7%
Rs 320 crore
Capital Expenditure
Rs 720 crore
+16.1%
Tax Revenue
Rs 550 crore
+14.6%
Interest Payments
Rs 330 crore
8% of expenditure
Meghalaya Revenue Receipts 2008-09
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2008-09
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2008-09
The fiscal deficit for Meghalaya in 2008-09 is 2.7% of GSDP (Rs 320 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. Meghalaya is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 330 crore consume 8.4% of total expenditure.
Meghalaya State Budget 2008-09 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 3,900 crore | 100% |
| 1. Revenue Receipts | Rs 3,300 crore | 84.6% |
| a. Own Tax Revenue | Rs 550 crore | 14.1% |
| b. Non-Tax Revenue | Rs 360 crore | 9.2% |
| B. Total Expenditure | Rs 3,920 crore | 100% |
| 1. Revenue Expenditure | Rs 3,200 crore | 81.6% |
| 2. Capital Expenditure | Rs 720 crore | 18.4% |
| of which: Interest Payments | Rs 330 crore | 8.4% |
| C. Fiscal Deficit | Rs 320 crore | 2.7% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2008-09 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 3,920 crore, up 14.6% with pay revision implementation
- Revenue receipts at Rs 3,300 crore with own tax revenue of Rs 550 crore
- Revenue surplus of Rs 100 crore maintained despite pay commission costs
- Fiscal deficit at 2.7% of GSDP (Rs 320 crore), within FRBM parameters
- Outstanding debt at Rs 3,400 crore with debt-to-GSDP at 28.8%
- Interest payments of Rs 330 crore absorb 10.0% of revenue receipts
- Capital expenditure at Rs 720 crore targeting road and water infrastructure
- Coal exports to Bangladesh provide significant informal economy revenue
- Cement industry expansion brings private investment to Jaintia Hills
- Ginger and turmeric cultivation provides cash income to hill farmers
- Heavy rainfall damages roads annually requiring constant reconstruction
- GSDP at Rs 11,800 crore with agriculture and mining as key sectors
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2004-05 | 2005-06 | 2006-07 | 2007-08 | 2008-09 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 3,420 crore | Rs 3,920 crore |
| Revenue Receipts | โ | โ | โ | Rs 2,900 crore | Rs 3,300 crore |
| Capital Expenditure | โ | โ | โ | Rs 620 crore | Rs 720 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.1% | 2.7% |
| Own Tax Revenue | โ | โ | โ | Rs 480 crore | Rs 550 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2008-09
The Meghalaya 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.
Meghalaya 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 Meghalaya with other states
Side-by-side comparison of fiscal metrics across Indian states