Sikkim State Budget 2019-20 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Sikkim FY 2019-20
Sikkim State Budget 2019-20 Budget at a Glance
Total Receipts
Rs 7,200 crore
+10.8%
Total Expenditure
Rs 8,500 crore
+18.1%
Fiscal Deficit
5.9%
Rs 1,300 crore
Capital Expenditure
Rs 1,500 crore
+25.0%
Tax Revenue
Rs 1,100 crore
+10.0%
Interest Payments
Rs 700 crore
8% of expenditure
Sikkim Revenue Receipts 2019-20
Own tax revenue vs non-tax revenue breakdown
Sikkim Expenditure Breakdown 2019-20
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Sikkim 2019-20
The fiscal deficit for Sikkim in 2019-20 is 5.9% of GSDP (Rs 1,300 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. Sikkim's deficit is above this threshold, driven by higher capital spending needs.
Interest payments at Rs 700 crore consume 8.2% of total expenditure.
Sikkim State Budget 2019-20 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 8,800 crore | 100% |
| 1. Revenue Receipts | Rs 7,200 crore | 81.8% |
| a. Own Tax Revenue | Rs 1,100 crore | 12.5% |
| b. Non-Tax Revenue | Rs 1,900 crore | 21.6% |
| B. Total Expenditure | Rs 8,500 crore | 100% |
| 1. Revenue Expenditure | Rs 7,000 crore | 82.4% |
| 2. Capital Expenditure | Rs 1,500 crore | 17.6% |
| of which: Interest Payments | Rs 700 crore | 8.2% |
| C. Fiscal Deficit | Rs 1,300 crore | 5.9% of GSDP |
Source: Sikkim State Budget Documents via PRS India. All figures in Indian Rupees.
Sikkim Budget 2019-20 Analysis & Highlights
Key Highlights
- Total expenditure at Rs 8,500 crore under the new SKM government with ambitious development agenda
- Revenue receipts at Rs 7,200 crore with own tax revenue at Rs 1,100 crore
- Revenue deficit at Rs 200 crore as enhanced Central transfers improve the fiscal position
- Fiscal deficit at 5.9% of GSDP (Rs 1,300 crore), elevated by the new government capital push
- Capital expenditure at Rs 1,500 crore โ record level with infrastructure across sectors
- Market borrowings at Rs 1,100 crore fund the expanded spending programme
- Total outstanding debt at Rs 8,200 crore with debt-to-GSDP at 37.3%
- Interest payments at Rs 700 crore reflect the growing cost of accumulated debt
- Non-tax revenue at Rs 1,900 crore with strong hydropower royalty contributions
- GSDP at Rs 22,000 crore as pre-pandemic economic momentum builds
- COVID-19 arrives in March 2020, disrupting tourism โ Sikkim primary economic driver
- Glacial Lake Outburst Flood (GLOF) risk on Teesta tributaries raises climate concerns
Compare Sikkim Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | Rs 7,200 crore | Rs 8,500 crore |
| Revenue Receipts | โ | โ | โ | Rs 6,500 crore | Rs 7,200 crore |
| Capital Expenditure | โ | โ | โ | Rs 1,200 crore | Rs 1,500 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | 3.7% | 5.9% |
| Own Tax Revenue | โ | โ | โ | Rs 1,000 crore | Rs 1,100 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Sikkim State Budget 2019-20
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.
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Compare Sikkim with other states
Side-by-side comparison of fiscal metrics across Indian states