Meghalaya State Budget 2015-16 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2015-16
Meghalaya State Budget 2015-16 Budget at a Glance
Total Receipts
Rs 6,200 crore
(excl. borrowings)
Total Expenditure
Rs 6,400 crore
Fiscal Deficit
1.0%
Rs 200 crore
Capital Expenditure
Rs 900 crore
Tax Revenue
Rs 1,300 crore
Net to Centre
Interest Payments
Rs 400 crore
6% of expenditure
Meghalaya Revenue Receipts 2015-16
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2015-16
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2015-16
The fiscal deficit for Meghalaya in 2015-16 is 1.0% of GSDP (Rs 200 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 400 crore consume 6.3% of total expenditure.
Meghalaya State Budget 2015-16 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 7,000 crore | 100% |
| 1. Revenue Receipts | Rs 6,200 crore | 88.6% |
| a. Own Tax Revenue | Rs 1,300 crore | 18.6% |
| b. Non-Tax Revenue | Rs 1,800 crore | 25.7% |
| B. Total Expenditure | Rs 6,400 crore | 100% |
| 1. Revenue Expenditure | Rs 5,500 crore | 85.9% |
| 2. Capital Expenditure | Rs 900 crore | 14.1% |
| of which: Interest Payments | Rs 400 crore | 6.3% |
| C. Fiscal Deficit | Rs 200 crore | 1.0% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2015-16 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 6,400 crore as development spending expands
- Revenue receipts of Rs 6,200 crore with own tax revenue at Rs 1,300 crore
- Revenue surplus of Rs 700 crore driven by enhanced central devolution
- Fiscal deficit at just 1.0% of GSDP (Rs 200 crore), among the lowest nationally
- Outstanding debt at Rs 5,200 crore with debt-to-GSDP at 26.0%
- Interest payments of Rs 400 crore absorb 6.5% of revenue receipts
- Capital expenditure at Rs 900 crore directed toward roads and urban infrastructure
- NGT ban on rat-hole coal mining since 2014 disrupts Jaintia Hills economy
- Cement industry becomes the largest organised private sector employer
- Fourteenth Finance Commission boosts central tax devolution substantially
- Tourism infrastructure development accelerates around Cherrapunji and Dawki
- GSDP at Rs 20,000 crore doubling from 2007-08 levels
Compare Meghalaya 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 | โ | Rs 6,400 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 6,200 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 900 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 1.0% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 1,300 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2015-16
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