Measurement of Revenue Receipt Buoyancy in Goa

Abstract

Goa became a part oflndian Union on 19th December 1961 upon its liberation from Portuguese rule along with Daman and Diu. Goa attained statehood on 30th May 1987. Prior to Statehood, being a small Union Territory, there was no pressure on Goa, Daman and Diu to raise its own resources for funding Government expenditure. However, as a fullfledged State, public finances of Goa have come under severe pressure, an important reason being inadequate devolution of resources from Government oflndia. An attempt is made in this paper to measure the revenue receipt buoyancy under different sources of revenue covering the post statehood period from 1987-88 to 2006-07.