Page 444 - ES 2020-21_Volume-1-2 [28-01-21]

Fiscal Developments 71

of Non-Tax revenue, 1.7 per cent of the GDP, 0.1 percentage points more than in 2019-20 PA.
Nearly 40 per cent of the Non Tax revenue is envisaged to be raised from dividends and profits
(refer to Table 7). As against the 2020-21 BE of ` 3.85 lakh crore for Non-Tax Revenue, the
actual realization up to November 2020 has been 32.3 per cent of the BE.

Table 7: Trends in Non-tax Revenue of Central Government

2015-16 2016-17 2017-18 2018-19 2019-20 PA 2020-21 BE
(in ` Lakh crore)
Interest receipts 0.25 0.16 0.14 0.12 0.12 0.11

Dividends & Profits 1.12 1.23 0.91 1.13 1.86 1.55
External Grants 0.02 0.01 0.04 0.01 0.00 0.01
Others 1.12 1.32 0.84 1.07 1.28 2.15
Non-tax Revenue 2.51 2.73 1.93 2.36 3.26 3.85

Source: Union Budget Documents & CGA
BE: Budget Estimate, PA: Provisional Actuals

Non-debt Capital receipts

2.30 Non-debt Capital receipts mainly consist of recovery of loans and advances, and
disinvestment receipts. The contribution of Non-debt Capital receipts in the total pool of Non-
debt receipts have declined from 6.8 per cent in 2018-19 to 3.9 per cent 2019-20 PA, primarily
due to shortfall in disinvestment proceeds (Figure 12). The Non-debt Capital receipts have been
pegged at ` 2.3 lakh crore that is 1 per cent of GDP in 2020-21 BE. The major component of Non-
debt Capital receipts is disinvestment receipts that accrue to the government on sale of public
sector enterprises owned by the government (including sale of strategic assets). Government
envisaged to mobilize ` 2.1 lakh crore on account of disinvestment proceeds as per 2020-21
BE. As against the 2020-21 BE of ` 2.3 lakh crore for Non-debt Capital receipts to the Centre,
the actual realization up to November 2020 has been ` 0.18 lakh crore.

Figure 12: Composition of Non-debt receipts of Central Government

100 5 4.5 7.5 6.8 3.9 10
90 19 12.4 14.2 18.6
80 20 17.1
70
60
50
40 75 76.5 80.1 79.1 77.4 72.8
30
20
10
0
2015-16 2016-17 2017-18 2018-19 2019-20 PA 2020-21 BE
Net Tax Rev Rec/ Total Non Debt Rec Non Tax Rev Rec/Total Non Debt Rec
Non Debt Cap Rec/Total Non Debt Rec

Source: Union Budget Documents & CGA
BE: Budget Estimate, PA: Provisional Actuals