मध्य प्रदेश राज्य बजट 2019-20 विश्लेषण

मुख्य बातें

• Total expenditure (actuals) came in at Rs 1,91,606 crore — 16% below the Rs 2,28,888 crore budgeted in July 2019, as the revenue shortfall forced deep in-year compression
• Revenue receipts collapsed to Rs 1,47,753 crore against a budget estimate of Rs 1,79,354 crore — a shortfall of Rs 31,601 crore (17.6%) even before COVID-19
• Revenue receipts fell 1.8% below the 2018-19 actuals of Rs 1,50,392 crore — a rare nominal contraction in receipts outside crisis years
• The revenue account swung from a Rs 8,815 crore surplus in 2018-19 to a Rs 2,692 crore deficit, ending the state's run of revenue surpluses
• Fiscal deficit reached Rs 32,860 crore, or 3.51% of GSDP, breaching the 3% FRBM ceiling against a budgeted 3.34%
• Own tax revenue managed only Rs 55,933 crore against Rs 65,274 crore budgeted — a 14% miss driven by the national slowdown
• Share in central taxes stood at Rs 49,518 crore as the shrinking central divisible pool transmitted the slowdown to state finances
• Capital outlay was held to Rs 29,241 crore — just 15.3% of total expenditure — as asset creation became the adjustment valve
• Committed expenditure of Rs 59,148 crore (salaries Rs 32,878 crore, pensions Rs 12,053 crore, interest Rs 14,217 crore) consumed 40% of revenue receipts
• The Jai Kisan Fasal Rin Mafi Yojana farm loan waiver carried a Rs 8,000 crore provision in the 2019-20 budget, dominating discretionary spending
• Outstanding liabilities stayed moderate at 24.3% of GSDP, with gross borrowings of Rs 34,364 crore — the buffer the state would draw on in 2020-21