Meghalaya State Budget 2022-23 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2022-23
Meghalaya State Budget 2022-23 Budget at a Glance
Total Receipts
Rs 14,000 crore
+16.7%
Total Expenditure
Rs 16,300 crore
+13.2%
Fiscal Deficit
5.1%
Rs 2,300 crore
Capital Expenditure
Rs 2,500 crore
+13.6%
Tax Revenue
Rs 3,100 crore
+19.2%
Interest Payments
Rs 1,300 crore
8% of expenditure
Meghalaya Revenue Receipts 2022-23
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2022-23
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Meghalaya 2022-23
The fiscal deficit for Meghalaya in 2022-23 is 5.1% of GSDP (Rs 2,300 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 1,300 crore consume 8.0% of total expenditure.
Meghalaya State Budget 2022-23 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 17,500 crore | 100% |
| 1. Revenue Receipts | Rs 14,000 crore | 80.0% |
| a. Own Tax Revenue | Rs 3,100 crore | 17.7% |
| b. Non-Tax Revenue | Rs 3,800 crore | 21.7% |
| B. Total Expenditure | Rs 16,300 crore | 100% |
| 1. Revenue Expenditure | Rs 13,800 crore | 84.7% |
| 2. Capital Expenditure | Rs 2,500 crore | 15.3% |
| of which: Interest Payments | Rs 1,300 crore | 8.0% |
| C. Fiscal Deficit | Rs 2,300 crore | 5.1% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Budget 2022-23 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 16,300 crore as development spending accelerates
- Revenue receipts of Rs 14,000 crore with own tax revenue at Rs 3,100 crore
- Revenue surplus of Rs 200 crore restored โ fiscal position improves
- Fiscal deficit at 5.1% of GSDP (Rs 2,300 crore), moderating from pandemic peaks
- Outstanding debt at Rs 15,000 crore with debt-to-GSDP at 33.3%
- Interest payments of Rs 1,300 crore absorb 9.3% of revenue receipts
- Capital expenditure at Rs 2,500 crore with tourism infrastructure priority
- Meghalaya achieves national recognition as a premier eco-tourism destination
- Organic turmeric and ginger exports earn premium in international markets
- Coal mining enforcement debate continues as communities seek livelihoods
- GST compensation expiry challenges state to grow own revenue base
- GSDP at Rs 45,000 crore with tourism and services driving growth
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 14,400 crore | Rs 16,300 crore |
| Revenue Receipts | โ | โ | โ | Rs 12,000 crore | Rs 14,000 crore |
| Capital Expenditure | โ | โ | โ | Rs 2,200 crore | Rs 2,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 5.7% | 5.1% |
| Own Tax Revenue | โ | โ | โ | Rs 2,600 crore | Rs 3,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2022-23
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