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| State Finances : A Study of Budgets of 2017-18 and 2018-19 (Full Document) | |  3394 kb |
| Foreword | | 85 kb |
| Content | | 110 kb |
| List of Abbreviations | | 81 kb |
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| I. Overview | | 102 kb |
| II. Fiscal Position of State Governments | | 553 kb |
| III. Issues and Perspectives | | 1007 kb |
| IV. Way Forward | | 123 kb |
| References | | 116 kb |
| Explanatory Note on Data Sources and Methodology | | 96 kb |
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| Appendix Table 1: Major Deficit Indicators of State Governments |  11 kb | 127 kb |
| Appendix Table 2: Devolution and Transfer of Resources from the Centre | 13 kb | 133 kb |
| Appendix Table 3: Development and Non-Development Expenditure: Aggregate | 10 kb | 109 kb |
| Appendix Table 4: Development Expenditure – Major Heads | 12 kb | 130 kb |
| Appendix Table 5: Non-Development Expenditure – Major Heads | 11 kb | 127 kb |
| Appendix Table 6: Development and Non-Development Expenditure | 10 kb | 131 kb |
| Appendix Table 7: Composition of Social Sector Expenditure | 17 kb | 143 kb |
| Appendix Table 8: Decomposition of Gross Fiscal Deficit | 10 kb | 113 kb |
| Appendix Table 9: Financing of Gross Fiscal Deficit | 13 kb | 134 kb |
| Appendix Table 10: Financing of Gross Fiscal Deficit – As Per cent to Total | 12 kb | 128 kb |
| Appendix Table 11: Composition of Outstanding Liabilities of State Governments (As at end-March) | 13 kb | 134 kb |
| Appendix Table 12: Composition of Outstanding Liabilities of State Governments – As Proportion to Total (As at end-March) | 15 kb | 129 kb |
| Appendix Table 13: State Government Market Borrowings | 11 kb | 108 kb |
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| Statement 1: Major Fiscal Indicators | 17 kb | 116 kb |
| Statement 2: Revenue Deficit/Surplus | 12 kb | 110 kb |
| Statement 3: Gross Fiscal Deficit/Surplus | 11 kb | 110 kb |
| Statement 4: Decomposition of Gross Fiscal Deficit | 13 kb | 131 kb |
| Statement 5: Financing of Gross Fiscal Deficit – 2015-16 (Accounts) | 13 kb | 130 kb |
| Statement 6: Financing of Gross Fiscal Deficit - As per cent to Total – 2015-16 (Accounts) | 13 kb | 130 kb |
| Statement 7: Financing of Gross Fiscal Deficit - 2016-17 (RE) | 13 kb | 146 kb |
| Statement 8: Financing of Gross Fiscal Deficit - As per cent to Total – 2016-17 (RE) | 13 kb | 142 kb |
| Statement 9: Financing of Gross Fiscal Deficit – 2017-18 (BE) | 13 kb | 146 kb |
| Statement 10: Financing of Gross Fiscal Deficit - As per cent to Total -2017-18 (BE) | 13 kb | 138 kb |
| Statement 11: Development Expenditure* | 11 kb | 84 kb |
| Statement 12: Non-Development Expenditure* | 11 kb | 84 kb |
| Statement 13: Interest Payments | 12 kb | 85 kb |
| Statement 14: Tax Revenue* | 10 kb | 62 kb |
| Statement 15: Non-Tax Revenue* | 10 kb | 67 kb |
| Statement 16: Loans from the Centre | 11 kb | 85 kb |
| Statement 17: Devolution and Transfer of Resources from the Centre | 11 kb | 86 kb |
| Statement 18: Composition of Outstanding Liabilities (As at end-March 2016) | 15 kb | 84 kb |
| Statement 19: Total Outstanding Liabilities of State Governments (As at end-March) | 15 kb | 81 kb |
| Statement 20: Total Outstanding Liabilities – As percentage to GSDP (As at end-March) | 15 kb | 98 kb |
| Statement 21: Market Borrowings of State Governments | 13 kb | 84 kb |
| Statement 22: State Government Market Loans | | 202 kb |
| Statement 23: Maturity Profile of Outstanding State Government Securities (Outstanding as on March 31, 2017) | 15 kb | 108 kb |
| Statement 24: Maturity Profile of Outstanding State Government Securities – As Percentage to Total (Outstanding as on March 31, 2017) | 14 kb | 103 kb |
| Statement 25: Investment Outstanding in Treasury Bills (As at end-March) | 14 kb | 109 kb |
| Statement 26: Expenditure on Education* – As Ratio to Aggregate Expenditure | 12 kb | 103 kb |
| Statement 27: Expenditure on Medical and Public Health and Family Welfare* – As Ratio to Aggregate Expenditure | 13 kb | 103 kb |
| Statement 28: Outstanding Guarantees of State Governments (As at end-March) | 12 kb | 85 kb |
| Statement 29: Expenditure on Wages and Salaries | 12 kb | 86 kb |
| Statement 30: Expenditure on Operations and Maintenance | 12 kb | 109 kb |
| Statement 31: Social Sector Expenditure* | 13 kb | 88 kb |
| Statement 32 : Social Sector Expenditure* to Total Disbursement | 14 kb | 83 kb |
| Statement 33 : Revenue Receipts of State Governments | 13 kb | 82 kb |
| Statement 34 : Revenue Expenditure of the State Governments | 14 kb | 103 kb |
| Statement 35: Development Expenditure: Select Indicators | 12 kb | 103 kb |
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| States : Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 23 kb | 120 kb |
| States : Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 120 kb |
| States : Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 24 kb | 120 kb |
| States : Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 120 kb |
| States : Meghalaya, Mizoram, Nagaland, Odisha | 23 kb | 119 kb |
| States : Punjab, Rajasthan, Sikkim, Tamil Nadu | 23 kb | 120 kb |
| States : Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal | 28 kb | 131 kb |
| States : All States, National Capital Territory of Delhi and Puducherry | 21 kb | 124 kb |
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| States: Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 23 kb | 100 kb |
| States: Chhattisgarh, Goa, Gujarat, Haryana | 23 kb | 100 kb |
| States: Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 24 kb | 101 kb |
| States: Kerala, Madhya Pradesh, Maharashtra, Manipur | 24 kb | 102 kb |
| States: Meghalaya, Mizoram, Nagaland, Odisha | 23 kb | 99 kb |
| States: Punjab, Rajasthan, Sikkim, Tamil Nadu | 25 kb | 101 kb |
| States: Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal | 32 kb | 109 kb |
| States: All States, National Capital Territory of Delhi and Puducherry | 24 kb | 101 kb |
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| States : Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana | 25 kb | 116 kb |
| States : Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur | 25 kb | 116 kb |
| States : Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu | 26 kb | 115 kb |
| States : Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal, All States, National Capital Territory of Delhi, Puducherry | 29 kb | 152 kb |
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| States : Andhra Pradesh and Arunachal Pradesh | 19 kb | 118 kb |
| States : Assam and Bihar | 19 kb | 118 kb |
| States : Chhattisgarh and Goa | 20 kb | 118 kb |
| States : Gujarat and Haryana | 21 kb | 119 kb |
| States : Himachal Pradesh and Jammu and Kashmir | 19 kb | 118 kb |
| States : Jharkhand and Karnataka | 19 kb | 119 kb |
| States : Kerala and Madhya Pradesh | 20 kb | 119 kb |
| States : Maharashtra and Manipur | 20 kb | 118 kb |
| States : Meghalaya and Mizoram | 18 kb | 118 kb |
| States : Nagaland and Odisha | 18 kb | 118 kb |
| States : Punjab and Rajasthan | 20 kb | 118 kb |
| States : Sikkim and Tamil Nadu | 20 kb | 119 kb |
| States : Telangana and Tripura | 20 kb | 118 kb |
| States : Uttarkhand and Uttar Pradesh | 20 kb | 119 kb |
| States : West Bengal | 17 kb | 115 kb |
| States : All States | 18 kb | 116 kb |
| States : National Capital Territory of Delhi and Puducherry | 19 kb | 141 kb |
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| Statement 1 : Major Fiscal Indicators | 17 kb | 111 kb |
| Statement 2 : Revenue Deficit/Surplus | 12 kb | 106 kb |
| Statement 3 : Gross Fiscal Deficit/Surplus | 12 kb | 106 kb |
| Statement 4 : Decomposition of Gross Fiscal Deficit | 13 kb | 130 kb |
| Statement 5 : Financing of Gross Fiscal Deficit – 2016-17 (Accounts) | 13 kb | 130 kb |
| Statement 6 : Financing of Gross Fiscal Deficit - As Per cent to Total – 2016-17 (Accounts) | 13 kb | 126 kb |
| Statement 7 : Financing of Gross Fiscal Deficit – 2017-18 (RE) | 13 kb | 142 kb |
| Statement 8 : Financing of Gross Fiscal Deficit - As Per cent to Total – 2017-18 (RE) | 13 kb | 138 kb |
| Statement 9 : Financing of Gross Fiscal Deficit – 2018-19 (BE) | 13 kb | 142 kb |
| Statement 10 : Financing of Gross Fiscal Deficit - As Per cent to Total – 2018-19 (BE) | 12 kb | 138 kb |
| Statement 11 : Development Expenditure* | 11 kb | 84 kb |
| Statement 12 : Non-Development Expenditure* | 11 kb | 84 kb |
| Statement 13 : Interest Payments | 12 kb | 86 kb |
| Statement 14 : Tax Revenue* | 10 kb | 80 kb |
| Statement 15 : Non-Tax Revenue * | 11 kb | 80 kb |
| Statement 16 : Loans from the Centre | 12 kb | 85 kb |
| Statement 17 : Devolution and Transfer of Resources from the Centre | 12 kb | 86 kb |
| Statement 18 : Composition of Outstanding Liabilities (As at end-March 2017) | 28 kb | 121 kb |
| Statement 19 : Total Outstanding Liabilities of State Governments (As at end-March) | 14 kb | 100 kb |
| Statement 20 : Total Outstanding Liabilities – As percentage to GSDP (As at end-March) | 13 kb | 117 kb |
| Statement 21 : Market Borrowings of State Governments | 10 kb | 84 kb |
| Statement 22 : State Government Market Loans | | 149 kb |
| Statement 23 : Maturity Profile of Outstanding State Government Securities (Outstanding as on March 31, 2018) | 16 kb | 108 kb |
| Statement 24 : Maturity Profile of Outstanding State Government Securities- As Percentage to Total (Outstanding as on March 31, 2018) | 15 kb | 104 kb |
| Statement 25 : Investment Outstanding in Treasury Bills (As at end-March) | 17 kb | 110 kb |
| Statement 26 : Expenditure on Education* – As Ratio to Aggregate Expenditure | 15 kb | 104 kb |
| Statement 27 : Expenditure on Medical and Public Health and Family Welfare* – As Ratio to Aggregate Expenditure | 12 kb | 103 kb |
| Statement 28 : Outstanding Guarantees of State Governments (As at end-March) | 12 kb | 86 kb |
| Statement 29 : Expenditure on Wages and Salaries | 13 kb | 86 kb |
| Statement 30 : Expenditure on Operations and Maintenance | 13 kb | 109 kb |
| Statement 31 : Social Sector Expenditure* | 14 kb | 89 kb |
| Statement 32: Social Sector Expenditure* to Total Disbursement | 14 kb | 84 kb |
| Statement 33: Revenue Receipts of State Governments | 12 kb | 82 kb |
| Statement 34: Revenue Expenditure of the State Governments | 13 kb | 84 kb |
| Statement 35 : Development Expenditure: Select Indicators | 11 kb | 81 kb |
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| States:Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 26 kb | 122 kb |
| States:Chhattisgarh, Goa, Gujarat, Haryana | 27 kb | 122 kb |
| States:Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 22 kb | 122 kb |
| States:Kerala, Madhya Pradesh, Maharashtra, Manipur | 23 kb | 122 kb |
| States:Meghalaya, Mizoram, Nagaland, Odisha | 24 kb | 122 kb |
| States:Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 122 kb |
| States:Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal | 29 kb | 133 kb |
| States:All States, National Capital Territory of Delhi and Puducherry | 21 kb | 125 kb |
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| States : Andhra Pradesh, Arunachal Pradesh, Assam, Bihar | 25 kb | 103 kb |
| States : Chhattisgarh, Goa, Gujarat, Haryana | 24 kb | 102 kb |
| States : Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka | 24 kb | 103 kb |
| States : Kerala, Madhya Pradesh, Maharashtra, Manipur | 25 kb | 103 kb |
| States : Meghalaya, Mizoram, Nagaland, Odisha | 24 kb | 102 kb |
| States : Punjab, Rajasthan, Sikkim, Tamil Nadu | 24 kb | 103 kb |
| States : Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal | 30 kb | 112 kb |
| States : All States, National Capital Territory of Delhi and Puducherry | 24 kb | 102 kb |
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| States : Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Chhattisgarh, Goa, Gujarat, Haryana | 27 kb | 118 kb |
| States : Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur | 26 kb | 118 kb |
| States : Meghalaya, Mizoram, Nagaland, Odisha, Punjab, Rajasthan, Sikkim, Tamil Nadu | 27 kb | 117 kb |
| States : Telangana, Tripura, Uttarkhand, Uttar Pradesh, West Bengal, All States, National Capital Territory of Delhi, Puducherry | 30 kb | 151 kb |
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| States : Andhra Pradesh and Arunachal Pradesh | 20 kb | 119 kb |
| States : Assam and Bihar | 20 kb | 119 kb |
| States : Chhattisgarh and Goa | 19 kb | 119 kb |
| States : Gujarat and Haryana | 19 kb | 120 kb |
| States : Himachal Pradesh and Jammu and Kashmir | 20 kb | 119 kb |
| States : Jharkhand and Karnataka | 19 kb | 120 kb |
| States : Kerala and Madhya Pradesh | 20 kb | 120 kb |
| States : Maharashtra and Manipur | 19 kb | 119 kb |
| States : Meghalaya and Mizoram | 21 kb | 118 kb |
| States : Nagaland and Odisha | 22 kb | 119 kb |
| States : Punjab and Rajasthan | 19 kb | 119 kb |
| States : Sikkim and Tamil Nadu | 20 kb | 119 kb |
| States : Telangana and Tripura | 19 kb | 120 kb |
| States : Uttarkhand and Uttar Pradesh | 20 kb | 119 kb |
| States : West Bengal | 16 kb | 116 kb |
| States : All States | 17 kb | 117 kb |
| States : National Capital Territory of Delhi and Puducherry | 21 kb | 142 kb |
| Notes to Appendices | | 112 kb |