Government budget and revenue in Goa, India: official figures
The state government budgeted ₹9,041 crore for social sectors such as education, health, housing and welfare in 2024-25, and expected ₹9,392 crore from its own taxes (budget estimate).
How much tax does the Goa government raise?
Its own tax revenue works out at about ₹59,260 per resident in 2024-25 (the highest of 31 with figures), and it expected a further ₹6,124 crore of non-tax revenue such as mining royalties, fees and dividends. The rest of its income comes from its share of central taxes, central grants and borrowing.
Source: Reserve Bank of India · saved copyHow much does the Goa government borrow?
The state government planned to borrow ₹3,001 crore to cover its fiscal deficit in 2024-25 (budget estimate), against ₹3,766 crore in 2023-24 (revised estimate).
Source: Reserve Bank of India · saved copyHow much debt does the Goa government have?
The state government owed ₹35,724 crore at the end of March 2025, about ₹224,300 per resident. All states and UTs together owed ₹93.93 lakh crore.
Source: Reserve Bank of India · saved copyHow much does the Goa government spend on interest and pensions?
Interest on past borrowing takes 10.3% of the state's day-to-day (revenue) spending of ₹19,888 crore in the 2024-25 budget (all states and UTs: 11.9%; 15th highest of 31 with figures), and pensions for retired staff another 14.1%.
Source: Reserve Bank of India · saved copyHow Goa compares with other states
Interest payments as % of revenue spending (2024-25 (budget))
Goa ranks 15 of 31, highest first. Interest on past borrowing divided by revenue (day-to-day) expenditure, budget estimates.
| Rank | Region | Interest payments as % of revenue spending |
|---|---|---|
| 12 | Uttarakhand | 11.9% |
| 13 | Maharashtra | 10.9% |
| 14 | Madhya Pradesh | 10.5% |
| 15 | Goa | 10.3% |
| 16 | Uttar Pradesh | 10.1% |
| 17 | Bihar | 9.1% |
| 18 | Sikkim | 9.0% |
More on Goa: overview · economy and jobs · health · education and schools · India
Sources
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 176: State-wise Composition of Outstanding Liabilities, read 23 October 2026 · saved copy (SHA-256 df4d117b3949…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 164: State-wise Gross Fiscal Deficit, read 23 October 2026 · saved copy (SHA-256 5e1a742f710e…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 170: State-wise Interest Payments, read 23 October 2026 · saved copy (SHA-256 615f96758e43…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 168: State-wise Own Tax Revenue, read 23 October 2026 · saved copy (SHA-256 b25a8b6f2ff7…)
- Reserve Bank of India: Handbook of Statistics on Indian States 2024-25, Table 175: State-wise Social Sector Expenditure, read 23 October 2026 · saved copy (SHA-256 6b8f611c50f5…)
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