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General Review
| TABLE
1.6 Tax Revenue and Expenditure |
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| 1990-91 Actuals | 1994-95 Actuals | 1995-96 Actuals | 1996-97 Actuals | 1997-98 Revised Estimates | 1998-99 Revised Estimates | |
| 1. Fiscal Deficit | 7.7 | 5.6 | 4.9 | 4.7 | 5.5 | 5.1 |
| 2. Revenue Deficit | 3.2 | 3.0 | 2.4 | 2.3 | 2.8 | 2.7 |
| 3. Primary Deficit | 4.0 | 1.3 | 0.8 | 0.5 | 1.3 | 0.9 |
| 4. Gross Tax Revenue | 9.9 | 8.9 | 9.1 | 9.1 | 9.1 | 8.9 |
| (a) Direct Tax | 1.9 | 2.6 | 2.8 | 2.8 | 3.3 | 2.8 |
| (i) Income Tax | 0.9 | 1.2 | 1.3 | 1.3 | 1.2 | 1.2 |
| (ii) Corporation Tax | 0.9 | 1.3 | 1.4 | 1.3 | 1.4 | 1.5 |
| (b) Indirect Tax | 7.8 | 6.3 | 6.4 | 6.4 | 5.8 | 6.1 |
| (i) Union Excise Duties | 4.2 | 3.6 | 3.3 | 3.2 | 3.1 | 3.3 |
| (ii) Customs | 3.5 | 2.6 | 2.9 | 3.0 | 2.6 | 2.7 |
| 5. Total Expenditure of which | 18.1 | 15.5 | 14.6 | 14.3 | 15.0 | 15.1 |
| (i) Interest Payments | 3.7 | 4.2 | 4.1 | 4.2 | 4.2 | 4.2 |
| (ii) Major Subsidies | 1.6 | 1.1 | 1.0 | 1.0 | 1.2 | 1.1 |
| (iii) Defence | 2.6 | 2.2 | 2.2 | 2.1 | 2.3 | 2.3 |
| (iv) Other Non-Plan Expenditure | 5.2 | 3.3 | 3.5 | 3.2 | 3.5 | 3.4 |
| (v) Budget Support For Plan | 4.9 | 4.6 | 3.8 | 3.8 | 3.9 | 4.1 |
| Note :
1. The ratios to GDP are based on new series of National Account Statistics with 1993-94
as base year released by the Central Statistical Organisation (CSO) on February 3, 1999.
For the purpose of comparability GDP at current market prices for the year 1990-91,
1991-92 and 1992-93 have been interpolated by using an average link sector of 1.0878
obtained from the overlapping years viz. 1993-94, 1994-95, 1995-96 and 1996-97 for which
both the old series and new series for the GDP at current market prices are available. 2. The estimate of GDP at current market prices for 1998-99 is based on CSO’s advance estimates of real GDP growth of 5.8 per cent along with an assumption of an average inflation rate of 7 per cent for the year. |
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