Meghalaya State Budget 2021-22 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2021-22
Meghalaya State Budget 2021-22 Budget at a Glance
Total Receipts
Rs 12,000 crore
+14.3%
Total Expenditure
Rs 14,400 crore
+12.5%
Fiscal Deficit
5.7%
Rs 2,400 crore
Capital Expenditure
Rs 2,200 crore
+10.0%
Tax Revenue
Rs 2,600 crore
+18.2%
Interest Payments
Rs 1,100 crore
8% of expenditure
Meghalaya Revenue Receipts 2021-22
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2021-22
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2021-22
The fiscal deficit for Meghalaya in 2021-22 is 5.7% of GSDP (Rs 2,400 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 1,100 crore consume 7.6% of total expenditure.
Meghalaya State Budget 2021-22 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 15,200 crore | 100% |
| 1. Revenue Receipts | Rs 12,000 crore | 78.9% |
| a. Own Tax Revenue | Rs 2,600 crore | 17.1% |
| b. Non-Tax Revenue | Rs 3,200 crore | 21.1% |
| B. Total Expenditure | Rs 14,400 crore | 100% |
| 1. Revenue Expenditure | Rs 12,200 crore | 84.7% |
| 2. Capital Expenditure | Rs 2,200 crore | 15.3% |
| of which: Interest Payments | Rs 1,100 crore | 7.6% |
| C. Fiscal Deficit | Rs 2,400 crore | 5.7% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2021-22 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 14,400 crore as post-pandemic recovery takes hold
- Revenue receipts recover to Rs 12,000 crore with tax revenue at Rs 2,600 crore
- Revenue deficit of Rs 200 crore โ partial recovery from pandemic position
- Fiscal deficit at 5.7% of GSDP (Rs 2,400 crore), still elevated
- Outstanding debt at Rs 13,200 crore with debt-to-GSDP at 31.4%
- Interest payments of Rs 1,100 crore absorb 9.2% of revenue receipts
- Capital expenditure at Rs 2,200 crore with road and tourism projects resuming
- Tourism rebounds strongly as domestic travellers rediscover Meghalaya
- Organic farming exports find new markets post-pandemic
- Cement industry recovers with construction sector revival
- Conrad Sangma government focuses on tourism-led economic transformation
- GSDP at Rs 42,000 crore with strong post-pandemic recovery
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 12,800 crore | Rs 14,400 crore |
| Revenue Receipts | โ | โ | โ | Rs 10,500 crore | Rs 12,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,000 crore | Rs 2,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 6.1% | 5.7% |
| Own Tax Revenue | โ | โ | โ | Rs 2,200 crore | Rs 2,600 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2021-22
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