Meghalaya State Budget 2017-18 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2017-18
Meghalaya State Budget 2017-18 Budget at a Glance
Total Receipts
Rs 8,200 crore
+13.9%
Total Expenditure
Rs 9,100 crore
+19.7%
Fiscal Deficit
3.2%
Rs 900 crore
Capital Expenditure
Rs 1,300 crore
+18.2%
Tax Revenue
Rs 1,800 crore
+20.0%
Interest Payments
Rs 600 crore
7% of expenditure
Meghalaya Revenue Receipts 2017-18
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2017-18
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2017-18
The fiscal deficit for Meghalaya in 2017-18 is 3.2% of GSDP (Rs 900 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 600 crore consume 6.6% of total expenditure.
Meghalaya State Budget 2017-18 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 9,800 crore | 100% |
| 1. Revenue Receipts | Rs 8,200 crore | 83.7% |
| a. Own Tax Revenue | Rs 1,800 crore | 18.4% |
| b. Non-Tax Revenue | Rs 2,400 crore | 24.5% |
| B. Total Expenditure | Rs 9,100 crore | 100% |
| 1. Revenue Expenditure | Rs 7,800 crore | 85.7% |
| 2. Capital Expenditure | Rs 1,300 crore | 14.3% |
| of which: Interest Payments | Rs 600 crore | 6.6% |
| C. Fiscal Deficit | Rs 900 crore | 3.2% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2017-18 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 9,100 crore under political transition to Conrad Sangma's NPP-BJP coalition
- Revenue receipts of Rs 8,200 crore with own tax revenue at Rs 1,800 crore
- Revenue surplus of Rs 400 crore as spending accelerates during election year
- Fiscal deficit at 3.2% of GSDP (Rs 900 crore), rising from conservative lows
- Outstanding debt at Rs 6,600 crore with debt-to-GSDP at 23.6%
- Interest payments of Rs 600 crore absorb 7.3% of revenue receipts
- Capital expenditure at Rs 1,300 crore with road connectivity as top priority
- GST implementation disrupts small trader economy in Shillong and towns
- NPP-BJP coalition takes charge after March 2018 elections
- Tourism grows with national media coverage of living root bridges and Dawki
- Illegal coal mining continues despite NGT ban creating enforcement challenges
- GSDP at Rs 28,000 crore with services sector leading growth
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2013-14 | 2014-15 | 2015-16 | 2016-17 | 2017-18 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 7,600 crore | Rs 9,100 crore |
| Revenue Receipts | โ | โ | โ | Rs 7,200 crore | Rs 8,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,100 crore | Rs 1,300 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 1.7% | 3.2% |
| Own Tax Revenue | โ | โ | โ | Rs 1,500 crore | Rs 1,800 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2017-18
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