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Meghalaya State Budget 2019-20 Analysis

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Total expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2019-20

Meghalaya State Budget 2019-20 Budget at a Glance

Total Receipts

Rs 10,200 crore

+7.4%

Total Expenditure

Rs 12,000 crore

+14.3%

Fiscal Deficit

5.0%

Rs 1,800 crore

Capital Expenditure

Rs 1,800 crore

+20.0%

Tax Revenue

Rs 2,300 crore

+9.5%

Interest Payments

Rs 800 crore

7% of expenditure

Meghalaya Revenue Receipts 2019-20

Own tax revenue vs non-tax revenue breakdown

Tax Revenue
Rs 2,300 crore (44.2%)
Non-Tax Revenue
Rs 2,900 crore (55.8%)

Meghalaya Expenditure Breakdown 2019-20

Revenue vs Capital spending and department allocation

Revenue vs Capital Split

Revenue Expenditure 85.0%
Capital Expenditure 15.0%

Fiscal Deficit as % of GSDP — Meghalaya 2019-20

The fiscal deficit for Meghalaya in 2019-20 is 5.0% of GSDP (Rs 1,800 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's deficit is above this threshold, driven by higher capital spending needs.

Interest payments at Rs 800 crore consume 6.7% of total expenditure.

Meghalaya State Budget 2019-20 — Receipts & Expenditure Summary

ParticularsAmount% of Total
A. Total ReceiptsRs 12,800 crore100%
1. Revenue ReceiptsRs 10,200 crore79.7%
a. Own Tax RevenueRs 2,300 crore18.0%
b. Non-Tax RevenueRs 2,900 crore22.7%
B. Total ExpenditureRs 12,000 crore100%
1. Revenue ExpenditureRs 10,200 crore85.0%
2. Capital ExpenditureRs 1,800 crore15.0%
of which: Interest PaymentsRs 800 crore6.7%
C. Fiscal DeficitRs 1,800 crore5.0% of GSDP

Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.

Meghalaya Budget 2019-20 Analysis & Highlights

Key Highlights

  • Total expenditure at Rs 12,000 crore in the last pre-pandemic year
  • Revenue receipts of Rs 10,200 crore with own tax revenue at Rs 2,300 crore
  • Revenue account balanced with near-zero surplus or deficit
  • Fiscal deficit at 5.0% of GSDP (Rs 1,800 crore), rising as capital spending increases
  • Outstanding debt at Rs 9,200 crore with debt-to-GSDP at 25.6%
  • Interest payments of Rs 800 crore absorb 7.8% of revenue receipts
  • Capital expenditure at Rs 1,800 crore with continued infrastructure push
  • Tourism sector at peak before the March 2020 lockdown
  • Organic farming certification programme gains momentum
  • Coal mining enforcement tightened after Ksan tragedy
  • Market borrowings of Rs 1,800 crore fund the infrastructure programme
  • GSDP at Rs 36,000 crore reflecting steady growth

Compare Meghalaya Budget — Recent Years

Year-over-year comparison of key fiscal metrics

Metric2015-162016-172017-182018-192019-20
Total Expenditure———Rs 10,500 croreRs 12,000 crore
Revenue Receipts———Rs 9,500 croreRs 10,200 crore
Capital Expenditure———Rs 1,500 croreRs 1,800 crore
Fiscal Deficit (% GSDP)———3.1%5.0%
Own Tax Revenue———Rs 2,100 croreRs 2,300 crore

Columns showing "—" will populate as more data is ingested. Data from official budget documents via PRS India.

2018-19 2020-21

Understanding Meghalaya State Budget 2019-20

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

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