Meghalaya State Budget 2024-25 Analysis
Budget EstimateTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Meghalaya FY 2024-25
Meghalaya State Budget 2024-25 Budget at a Glance
Total Receipts
Rs 23,515 crore
+6.0%
Total Expenditure
Rs 27,072 crore
+8.1%
Fiscal Deficit
3.8%
Rs 2,029 crore
Capital Expenditure
Rs 5,870 crore
+2.6%
Tax Revenue
Rs 4,041 crore
+23.9%
Interest Payments
Rs 1,249 crore
5% of expenditure
Meghalaya Revenue Receipts 2024-25
Own tax revenue vs non-tax revenue breakdown
Meghalaya Expenditure Breakdown 2024-25
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Top 10 Departments by Allocation
Fiscal Deficit as % of GSDP โ Meghalaya 2024-25
The fiscal deficit for Meghalaya in 2024-25 is 3.8% of GSDP (Rs 2,029 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 1,249 crore consume 4.6% of total expenditure.
Meghalaya State Budget 2024-25 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 27,072 crore | 100% |
| 1. Revenue Receipts | Rs 23,515 crore | 86.9% |
| a. Own Tax Revenue | Rs 4,041 crore | 14.9% |
| b. Non-Tax Revenue | Rs 747 crore | 2.8% |
| B. Total Expenditure | Rs 27,072 crore | 100% |
| 1. Revenue Expenditure | Rs 19,653 crore | 72.6% |
| 2. Capital Expenditure | Rs 5,870 crore | 21.7% |
| of which: Interest Payments | Rs 1,249 crore | 4.6% |
| C. Fiscal Deficit | Rs 2,029 crore | 3.8% of GSDP |
Source: Meghalaya State Budget Documents via PRS India. All figures in Indian Rupees.
Meghalaya Department-wise Expenditure 2024-25
Top departments by allocation in Meghalaya for 2024-25
| Department โ | Revenue โ | Capital โ | Total โ | Share |
|---|---|---|---|---|
1. Education | Rs 3,400 crore | Rs 350 crore | Rs 3,750 crore | 13.9% |
2. Rural Development | Rs 2,000 crore | Rs 520 crore | Rs 2,520 crore | 9.3% |
3. Public Works & Roads | Rs 900 crore | Rs 1,500 crore | Rs 2,400 crore | 8.9% |
4. Health & Family Welfare | Rs 1,550 crore | Rs 420 crore | Rs 1,970 crore | 7.3% |
5. Police & Home | Rs 1,300 crore | Rs 170 crore | Rs 1,470 crore | 5.4% |
6. Agriculture & Allied | Rs 1,050 crore | Rs 300 crore | Rs 1,350 crore | 5.0% |
7. Water Supply & Sanitation | Rs 420 crore | Rs 680 crore | Rs 1,100 crore | 4.1% |
8. Social Welfare | Rs 950 crore | Rs 130 crore | Rs 1,080 crore | 4.0% |
9. Energy | Rs 700 crore | Rs 350 crore | Rs 1,050 crore | 3.9% |
10. Urban Development | Rs 430 crore | Rs 340 crore | Rs 770 crore | 2.8% |
Meghalaya Budget 2024-25 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 27,072 crore with infrastructure-heavy spending pattern
- Revenue receipts of Rs 23,515 crore with own tax of Rs 4,041 crore
- Revenue surplus of Rs 3,862 crore โ consistent current account strength
- Fiscal deficit at 3.8% of GSDP (Rs 2,029 crore), within enhanced NE limits
- Capital expenditure at Rs 5,870 crore โ 21.7% of total spending
- Coal mining regulatory challenges affect revenue certainty and local employment
- Tourism infrastructure investment for living root bridges and cave circuits
- Education at Rs 3,750 crore with Sixth Schedule council coordination
- Outstanding debt at Rs 15,400 crore, debt-to-GSDP at 29.1%
- Interest payments at Rs 1,249 crore โ very low debt service burden
- Road connectivity to Garo Hills and Bangladesh border improved
- GSDP at Rs 52,974 crore โ small but growing economy
Compare Meghalaya Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2020-21 | 2021-22 | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 25,052 crore | Rs 27,072 crore |
| Revenue Receipts | โ | โ | โ | Rs 22,188 crore | Rs 23,515 crore |
| Capital Expenditure | โ | โ | โ | Rs 5,720 crore | Rs 5,870 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.9% | 3.8% |
| Own Tax Revenue | โ | โ | โ | Rs 3,262 crore | Rs 4,041 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Meghalaya State Budget 2024-25
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.
Explore More
Compare Meghalaya with other states
Side-by-side comparison of fiscal metrics across Indian states