India vs Goa โ Budget Comparison 2017-18
How does Goa's state budget compare with the Union Budget for FY 2017-18?
Centre vs State โ Key Budget Metrics 2017-18
India (Union)
Rs 21.42 lakh crore
Goa
Rs 14,900 crore
India (Union)
Rs 14.35 lakh crore
Goa
Rs 11,500 crore
India (Union)
Rs 2.63 lakh crore
Goa
Rs 2,700 crore
India (Union)
Rs 11.53 lakh crore
Goa
Rs 6,200 crore
India (Union)
3.5%
Goa
3.0%
India (Union)
Rs 5.29 lakh crore
Goa
Rs 1,150 crore
Receipts & Expenditure โ India vs Goa
| Particulars | India (Union) | Goa | Difference |
|---|---|---|---|
| Total Receipts | Rs 14.35 lakh crore | Rs 11,500 crore | +12380.3% |
| Tax Revenue (Net) | Rs 11.53 lakh crore | Rs 6,200 crore | +18499.0% |
| Non-Tax Revenue | Rs 2.82 lakh crore | Rs 1,500 crore | +18706.2% |
| Total Expenditure | Rs 21.42 lakh crore | Rs 14,900 crore | +14275.7% |
| Revenue Expenditure | Rs 18.79 lakh crore | Rs 12,200 crore | +15300.3% |
| Capital Expenditure | Rs 2.63 lakh crore | Rs 2,700 crore | +9645.9% |
| Interest Payments | Rs 5.29 lakh crore | Rs 1,150 crore | +45924.5% |
| Fiscal Deficit | Rs 5.91 lakh crore | Rs 1,850 crore | +31849.3% |
| Fiscal Deficit (% of GDP) | 3.5% | 3.0% | โ |
| Debt-to-GDP Ratio | 49.3% | 30.2% | โ |
Department-wise Spending โ India vs Goa
| Department | India (Union) | Goa | Difference |
|---|---|---|---|
1. Ministry of Finance (Interest Payments & Transfers) | Rs 7.92 lakh crore | Rs 0 | โ |
2. Ministry of Defence | Rs 3.55 lakh crore | Rs 0 | โ |
3. Ministry of Home Affairs | Rs 1.06 lakh crore | Rs 0 | โ |
4. Ministry of Rural Development | Rs 1.06 lakh crore | Rs 0 | โ |
5. Ministry of Consumer Affairs, Food & Public Distribution | Rs 96,300 crore | Rs 0 | โ |
6. Ministry of Education | Rs 76,000 crore | Rs 0 | โ |
7. Ministry of Chemicals & Fertilisers | Rs 65,400 crore | Rs 0 | โ |
8. Ministry of Road Transport & Highways | Rs 62,100 crore | Rs 0 | โ |
9. Ministry of Agriculture & Farmers' Welfare | Rs 51,600 crore | Rs 0 | โ |
10. Ministry of Health & Family Welfare | Rs 49,800 crore | Rs 0 | โ |
11. Ministry of Railways | Rs 46,800 crore | Rs 0 | โ |
12. Ministry of Communications | Rs 38,500 crore | Rs 0 | โ |
13. Ministry of Housing & Urban Affairs | Rs 29,000 crore | Rs 0 | โ |
14. Ministry of Jal Shakti | Rs 17,500 crore | Rs 0 | โ |
15. Ministry of Women & Child Development | Rs 16,800 crore | Rs 0 | โ |
Understanding Centre vs State Budget โ India and Goa
India's federal fiscal structure divides spending responsibilities between the Centre and states. The Union Budget covers national priorities like defence, foreign affairs, and central schemes, while state budgets handle education, health, police, and local infrastructure.
The Finance Commission determines how central tax revenue is shared with states. Currently, 41% of the divisible pool is transferred to states. Additionally, states receive grants-in-aid for specific schemes and programs.
Goa's share of central transfers, combined with its own tax revenue (state GST, excise, stamp duty, vehicle tax) and non-tax revenue, determines its total resource envelope. Comparing this with the Union Budget provides a complete picture of public finance in India.
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