Meghalaya State Budget 2009-10 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2009-10
Meghalaya State Budget 2009-10 Budget at a Glance
Total Receipts
Rs 3,800 crore
+15.2%
Total Expenditure
Rs 4,550 crore
+16.1%
Fiscal Deficit
3.4%
Rs 450 crore
Capital Expenditure
Rs 850 crore
+18.1%
Tax Revenue
Rs 640 crore
+16.4%
Interest Payments
Rs 370 crore
8% of expenditure
Meghalaya Revenue Receipts 2009-10
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2009-10
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2009-10
The fiscal deficit for Meghalaya in 2009-10 is 3.4% of GSDP (Rs 450 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 370 crore consume 8.1% of total expenditure.
Meghalaya State Budget 2009-10 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 4,500 crore | 100% |
| 1. Revenue Receipts | Rs 3,800 crore | 84.4% |
| a. Own Tax Revenue | Rs 640 crore | 14.2% |
| b. Non-Tax Revenue | Rs 410 crore | 9.1% |
| B. Total Expenditure | Rs 4,550 crore | 100% |
| 1. Revenue Expenditure | Rs 3,700 crore | 81.3% |
| 2. Capital Expenditure | Rs 850 crore | 18.7% |
| of which: Interest Payments | Rs 370 crore | 8.1% |
| C. Fiscal Deficit | Rs 450 crore | 3.4% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2009-10 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 4,550 crore with stimulus spending and pay arrears
- Revenue receipts at Rs 3,800 crore with own tax revenue of Rs 640 crore
- Revenue surplus of Rs 100 crore maintained through expenditure discipline
- Fiscal deficit at 3.4% of GSDP (Rs 450 crore), rising above FRBM norms temporarily
- Outstanding debt at Rs 3,800 crore with debt-to-GSDP at 28.8%
- Interest payments of Rs 370 crore absorb 9.7% of revenue receipts
- Capital expenditure at Rs 850 crore with enhanced road construction
- Uranium mining proposal in West Khasi Hills sparks community protests
- Cement industry continues expansion leveraging limestone reserves
- NREGA provides supplementary income in rain-fed agricultural areas
- Shillong emerges as a cultural and music tourism destination
- GSDP at Rs 13,200 crore with modest growth across sectors
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2005-06 | 2006-07 | 2007-08 | 2008-09 | 2009-10 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 3,920 crore | Rs 4,550 crore |
| Revenue Receipts | โ | โ | โ | Rs 3,300 crore | Rs 3,800 crore |
| Capital Expenditure | โ | โ | โ | Rs 720 crore | Rs 850 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.7% | 3.4% |
| Own Tax Revenue | โ | โ | โ | Rs 550 crore | Rs 640 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2009-10
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