| TABLE 1.7 Tax Revenue and Expenditure |
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| 1990-91 Actuals | 1994-95 Actuals | 1995-96 Actuals | 1996-97 Actuals | 1997-98 Actuals | 1998-99* | 1999-2000 Budget Estimates | |||
| (As per cent of GDP) | |||||||||
1. Fiscal Deficit |
7.0 | 4.8 | 4.3 | 4.1 | 4.8 | 5 | 4.1 | ||
2. Revenue Deficit |
3.5 | 3.1 | 2.5 | 2.4 | 3.1 | 3.7 | 2.8 | ||
| 3. Primary Deficit | 3.0 | 0.4 | 0 | -0.3 | 0.5 | 0.6 | -0.4 | ||
4. Gross Tax Revenue |
10.8 | 9.1 | 9.4 | 9.5 | 9.2 | 8.2 | 9.2 | ||
(a) Direct Tax of which: |
2.1 | 2.7 | 2.8 | 2.9 | 3.2 | 2.6 | 3.1 | ||
| (i) Income Tax | 1.0 | 1.2 | 1.3 | 1.3 | 1.1 | 1.1 | 1.4 | ||
| (ii) Corporation Tax | 1.0 | 1.4 | 1.4 | 1.4 | 1.3 | 1.4 | 1.6 | ||
| (b) Indirect Tax of which: | 8.4 | 6.4 | 6.5 | 6.5 | 5.9 | 5.5 | 6 | ||
| (i) Union Excise Duties | 4.6 | 3.7 | 3.4 | 3.3 | 3.2 | 3 | 3.3 | ||
| (ii) Customs | 3.9 | 2.7 | 3 | 3.2 | 2.7 | 2.3 | 2.6 | ||
| 5. Total Expenditure of which |
18.4 | 15 | 14.2 | 14 | 14.3 | 14.5 | 14.7 | ||
| (i) Interest Payments | 4 | 4.4 | 4.2 | 4.4 | 4.3 | 4.5 | 4.6 | ||
| (ii) Major Subsidies | 1.8 | 1.1 | 1.1 | 1.0 | 1.2 | 1.2 | 1.2 | ||
| (iii) Defence | 2.9 | 2.3 | 2.3 | 2.2 | 2.3 | 2.3 | 2.4 | ||
| (iv) Other Non-Plan Expenditure | 4.4 | 2.5 | 2.8 | 2.5 | 2.5 | 2.8 | 2.7 | ||
| (v) Budget Support For Plan | 5.3 | 4.7 | 3.9 | 3.9 | 3.9 | 3.8 | 4.0 | ||
| * Provisional and unaudited as reported by Controller General
of Accounts, Deptartment of Expenditure, Ministry of Finance. Note :1. Ratios to GDP at current market prices for the year 1990-91 use old series (Base 1980-81) and from 1994-95 onwards use new series (Base 1993-94) of National Accounts Statistics released by the Central Statistical Orgnisation (CSO) 2. The ratios to GDP at current market prices for 1999-2000 are based on CSO's Advance Estimates. 3. Figures are exclusive of the transfer of state’s share of net Small Savings Collections. |
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