Meghalaya State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2018-19
Meghalaya State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 9,500 crore
+15.9%
Total Expenditure
Rs 10,500 crore
+15.4%
Fiscal Deficit
3.1%
Rs 1,000 crore
Capital Expenditure
Rs 1,500 crore
+15.4%
Tax Revenue
Rs 2,100 crore
+16.7%
Interest Payments
Rs 700 crore
7% of expenditure
Meghalaya Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2018-19
The fiscal deficit for Meghalaya in 2018-19 is 3.1% of GSDP (Rs 1,000 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 700 crore consume 6.7% of total expenditure.
Meghalaya State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 11,500 crore | 100% |
| 1. Revenue Receipts | Rs 9,500 crore | 82.6% |
| a. Own Tax Revenue | Rs 2,100 crore | 18.3% |
| b. Non-Tax Revenue | Rs 2,800 crore | 24.3% |
| B. Total Expenditure | Rs 10,500 crore | 100% |
| 1. Revenue Expenditure | Rs 9,000 crore | 85.7% |
| 2. Capital Expenditure | Rs 1,500 crore | 14.3% |
| of which: Interest Payments | Rs 700 crore | 6.7% |
| C. Fiscal Deficit | Rs 1,000 crore | 3.1% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2018-19 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 10,500 crore under Conrad Sangma's first full budget
- Revenue receipts of Rs 9,500 crore with own tax revenue at Rs 2,100 crore
- Revenue surplus of Rs 500 crore demonstrates fiscal discipline of new government
- Fiscal deficit at 3.1% of GSDP (Rs 1,000 crore), within FRBM norms
- Outstanding debt at Rs 7,500 crore with debt-to-GSDP at 23.4%
- Interest payments of Rs 700 crore absorb 7.4% of revenue receipts
- Capital expenditure at Rs 1,500 crore with tourism and road infrastructure prioritised
- Meghalaya mining tragedy at Ksan draws national attention to illegal coal mining
- Cement industry expansion continues with new capacity additions
- Organic farming promoted as state-wide initiative leveraging natural advantages
- Living root bridges attract record tourist footfall
- GSDP at Rs 32,000 crore with tourism emerging as a growth sector
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 9,100 crore | Rs 10,500 crore |
| Revenue Receipts | โ | โ | โ | Rs 8,200 crore | Rs 9,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,300 crore | Rs 1,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.2% | 3.1% |
| Own Tax Revenue | โ | โ | โ | Rs 1,800 crore | Rs 2,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2018-19
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