Sikkim State Budget 2018-19 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Sikkim FY 2018-19
Sikkim State Budget 2018-19 Budget at a Glance
Total Receipts
Rs 6,500 crore
+12.1%
Total Expenditure
Rs 7,200 crore
+16.1%
Fiscal Deficit
3.7%
Rs 700 crore
Capital Expenditure
Rs 1,200 crore
+20.0%
Tax Revenue
Rs 1,000 crore
+17.6%
Interest Payments
Rs 600 crore
8% of expenditure
Sikkim Revenue Receipts 2018-19
Own tax revenue vs non-tax revenue breakdown
Sikkim Expenditure Breakdown 2018-19
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Sikkim 2018-19
The fiscal deficit for Sikkim in 2018-19 is 3.7% of GSDP (Rs 700 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. Sikkim's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 600 crore consume 8.3% of total expenditure.
Sikkim State Budget 2018-19 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 7,800 crore | 100% |
| 1. Revenue Receipts | Rs 6,500 crore | 83.3% |
| a. Own Tax Revenue | Rs 1,000 crore | 12.8% |
| b. Non-Tax Revenue | Rs 1,700 crore | 21.8% |
| B. Total Expenditure | Rs 7,200 crore | 100% |
| 1. Revenue Expenditure | Rs 6,000 crore | 83.3% |
| 2. Capital Expenditure | Rs 1,200 crore | 16.7% |
| of which: Interest Payments | Rs 600 crore | 8.3% |
| C. Fiscal Deficit | Rs 700 crore | 3.7% of GSDP |
Source: Sikkim State Budget Documents via PRS India. All figures in Indian Rupees.
Sikkim Budget 2018-19 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 7,200 crore under the final year of the Pawan Chamling government
- Revenue receipts at Rs 6,500 crore with own tax revenue crossing Rs 1,000 crore for the first time
- Revenue deficit at Rs 500 crore as pre-election spending elevates expenditure
- Fiscal deficit at 3.7% of GSDP (Rs 700 crore) with expanded capital programme
- Capital expenditure at Rs 1,200 crore including Pakyong Airport inauguration spending
- Pakyong Airport inaugurated in September 2018 โ Sikkim first commercial airport
- Total outstanding debt at Rs 7,000 crore with debt-to-GSDP at 36.8%
- Non-tax revenue at Rs 1,700 crore with hydropower royalties as a growing contributor
- Interest payments at Rs 600 crore climb with the expanding debt stock
- GSDP grows to Rs 19,000 crore with pharma, hydro, and tourism driving diversification
- Market borrowings at Rs 900 crore fund the pre-election infrastructure push
- State elections in April 2019 end 24-year Pawan Chamling government
Compare Sikkim 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 6,200 crore | Rs 7,200 crore |
| Revenue Receipts | โ | โ | โ | Rs 5,800 crore | Rs 6,500 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,000 crore | Rs 1,200 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 2.4% | 3.7% |
| Own Tax Revenue | โ | โ | โ | Rs 850 crore | Rs 1,000 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Sikkim State Budget 2018-19
The Sikkim 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.
Sikkim 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 Sikkim with other states
Side-by-side comparison of fiscal metrics across Indian states