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Fiscal Developments 49
Table 1: Provisional Outcome for 2021-22 (April to November 2021)
In ` lakh Percentage of YoY Growth (per cent)
crore respective BE
2021-22
BE 2020- 2021- 2020- 2021- FY21 FY22 FY22
21 22 21 22 over over over
FY20 FY21 FY20
1 Revenue Receipts 17.88 8.13 13.59 40.2 76.0 -17.3 67.2 38.2
2 Gross tax revenue 22.17 10.26 15.42 42.3 69.5 -12.6 50.3 31.3
3 Assignment to States 6.66 3.34 4.03 42.6 60.5 -20.7 20.4 -4.5
4 Tax Revenue (net to Centre) 15.45 6.88 11.35 42.1 73.5 -8.3 64.9 51.2
5 Non Tax Revenue 2.43 1.24 2.23 32.3 91.8 -46.6 79.5 -4.1
6 Non Debt Capital Receipts 1.88 0.18 0.21 8.1 11.0 -37.5 14.1 -28.6
7 Non Debt receipts 19.76 8.31 13.79 37.0 69.8 -17.9 66.0 36.2
8 Total Expenditure 34.83 19.06 20.75 62.7 59.6 4.7 8.8 14.0
9 Revenue Expenditure 29.29 16.65 18.01 63.3 61.5 3.7 8.2 12.1
10 Capital Expenditure 5.54 2.41 2.74 58.5 49.4 12.8 13.5 28.0
11 Revenue Deficit 11.41 8.52 4.43 139.9 38.8 36.8 -48.1 -28.9
12 Fiscal Deficit 15.07 10.76 6.96 135.1 46.2 33.1 -35.3 -13.9
13 Primary Deficit 6.97 6.92 2.35 785.3 33.8 48.5 -66.0 -49.5
Source: CGA Monthly Accounts; BE: Budget Estimates
Revenue collection
2.7 The period April to November 2021 witnessed a strengthening of fiscal position by the
Central Government, which was led by buoyant revenue collection and expenditure allocations
targeted towards capital expenditure. Revenue receipts have grown at a much higher pace during
the current financial year (April to November 2021) compared to the corresponding periods
during the last two years (Table 1). This performance is attributable to considerable growth in
both tax and non-tax revenue.
2.8 Net tax revenue to the Centre, which was envisaged to grow at 8.5 per cent in 2021-22
BE relative to 2020-21 PA, grew at 64.9 per cent during April to November 2021 over April to
November 2020 and at 51.2 per cent over April to November 2019 (Table 1). This improved
performance in tax revenues is due to high growth shown by all major direct and indirect taxes
with respect to the same period of the last two years. Within direct taxes, personal income tax has
grown at 47.2 per cent over April-November 2020 and at 29.2 per cent over the April-November
