Tripura State Budget 2007-08 Analysis
ActualsTotal expenditure, revenue receipts, fiscal deficit, and department-wise allocation for Tripura FY 2007-08
Tripura State Budget 2007-08 Budget at a Glance
Total Receipts
Rs 3,600 crore
(excl. borrowings)
Total Expenditure
Rs 4,080 crore
Fiscal Deficit
2.3%
Rs 280 crore
Capital Expenditure
Rs 680 crore
Tax Revenue
Rs 420 crore
Net to Centre
Interest Payments
Rs 440 crore
11% of expenditure
Tripura Revenue Receipts 2007-08
Own tax revenue vs non-tax revenue breakdown
Tripura Expenditure Breakdown 2007-08
Revenue vs Capital spending and department allocation
Revenue vs Capital Split
Fiscal Deficit as % of GSDP โ Tripura 2007-08
The fiscal deficit for Tripura in 2007-08 is 2.3% of GSDP (Rs 280 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. Tripura is maintaining fiscal discipline close to the recommended limit.
Interest payments at Rs 440 crore consume 10.8% of total expenditure.
Tripura State Budget 2007-08 โ Receipts & Expenditure Summary
| Particulars | Amount | % of Total |
|---|---|---|
| A. Total Receipts | Rs 4,200 crore | 100% |
| 1. Revenue Receipts | Rs 3,600 crore | 85.7% |
| a. Own Tax Revenue | Rs 420 crore | 10.0% |
| b. Non-Tax Revenue | Rs 280 crore | 6.7% |
| B. Total Expenditure | Rs 4,080 crore | 100% |
| 1. Revenue Expenditure | Rs 3,400 crore | 83.3% |
| 2. Capital Expenditure | Rs 680 crore | 16.7% |
| of which: Interest Payments | Rs 440 crore | 10.8% |
| C. Fiscal Deficit | Rs 280 crore | 2.3% of GSDP |
Source: Tripura State Budget Documents via PRS India. All figures in Indian Rupees.
Tripura Budget 2007-08 Analysis & Highlights
Key Highlights
- Total expenditure of Rs 4,080 crore for one of India's smallest northeastern states
- Revenue receipts at Rs 3,600 crore with own tax revenue of just Rs 420 crore
- Revenue surplus of Rs 200 crore reflects tight fiscal management under Left Front rule
- Fiscal deficit at 2.3% of GSDP (Rs 280 crore), well within FRBM norms
- Outstanding debt at Rs 4,500 crore with debt-to-GSDP at 37.5%
- Interest payments of Rs 440 crore absorb 12.2% of revenue receipts
- Capital expenditure at Rs 680 crore focused on roads and border area development
- Rubber and tea plantations form the backbone of agricultural economy
- Over 85% of revenue comes from central transfers โ extreme fiscal dependence
- Border trade with Bangladesh remains underdeveloped despite proximity
- Left Front government emphasises rural development and land reforms
- GSDP at Rs 12,000 crore โ tiny economy for a population of 35 lakh
Compare Tripura Budget โ Recent Years
Year-over-year comparison of key fiscal metrics
| Metric | 2003-04 | 2004-05 | 2005-06 | 2006-07 | 2007-08 |
|---|---|---|---|---|---|
| Total Expenditure | โ | โ | โ | โ | Rs 4,080 crore |
| Revenue Receipts | โ | โ | โ | โ | Rs 3,600 crore |
| Capital Expenditure | โ | โ | โ | โ | Rs 680 crore |
| Fiscal Deficit (% GSDP) | โ | โ | โ | โ | 2.3% |
| Own Tax Revenue | โ | โ | โ | โ | Rs 420 crore |
Columns showing "โ" will populate as more data is ingested. Data from official budget documents via PRS India.
Understanding Tripura State Budget 2007-08
The Tripura 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.
Tripura 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 Tripura with other states
Side-by-side comparison of fiscal metrics across Indian states