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56      Economic Survey 2021-22



                                       0.63      0.65     1.16      1.13     0.69      0.58     1.88
              Non-debt capital receipts*
                                       (0.5)     (0.4)    (0.7)     (0.6)    (0.3)     (0.3)    (0.8)
                                       12.58     14.40    15.51     16.66    17.53     16.90    19.76
              Non-debt receipts
                                       (9.1)     (9.4)    (9.1)     (8.8)    (8.6)     (8.6)    (8.9)
                                       17.91     19.75    21.42     23.15    26.86     35.11    34.83
              Total expenditure
                                       (13.0)    (12.9)   (12.5)    (12.2)   (13.2)    (17.8)   (15.6)

                                       15.38     16.91    18.79     20.07    23.51     30.86    29.29
              Revenue expenditure
                                       (11.2)    (11.0)   (11.0)    (10.6)   (11.6)    (15.6)   (13.1)
                                       2.53      2.85     2.63      3.08     3.35      4.25     5.54
              Capital expenditure
                                       (1.8)     (1.9)    (1.5)     (1.6)    (1.6)     (2.2)    (2.5)
                                       5.33      5.36     5.91      6.49     9.34      18.21    15.07
              Fiscal deficit
                                       (3.9)     (3.5)    (3.5)     (3.4)    (4.6)     (9.2)    (6.8)


              Revenue deficit          3.43      3.16     4.44      4.54     6.67      14.54    11.41
                                       (2.5)     (2.1)    (2.6)     (2.4)    (3.3)     (7.4)    (5.1)
                                       0.91      0.55     0.62      0.67     3.22      11.39    6.97
              Primary deficit
                                       (0.7)     (0.4)    (0.4)     (0.4)    (1.6)     (5.8)    (3.1)
              Memo Item
              GDP at Market Price      137.72    153.62   170.95    189.71   203.51    197.46   222.87
             Source: Union Budget Documents & CGA
             BE: Budget Estimate, PA: Provisional Actuals
             *includes disinvestment proceeds

                   Table 3: Growth rate of Central Government’s Fiscal Indicators ( in per cent)
                                                                                 2020-21
                      ITEMS           2016-17    2017-18    2018-19   2019-20              2021-22 BE^
                                                                                  PA*
              Revenue receipts          15.0         4.4        8.2      8.4       -3.1            9.6

              Gross tax revenue         17.9        11.8        8.4      -3.4       0.7            9.5
              Net tax revenue           16.7        12.8        6.0      3.0        4.9            8.5

              Non-tax revenue             8.6      -29.4       22.3     38.8      -36.4           16.8
              Non-debt capital receipts   3.8       77.0       -2.5     -39.2     -16.0         226.2

              Total non-debt receipt    14.4         7.7        7.4      5.2       -3.6           17.0
              Total expenditure         10.3         8.4        8.1     16.0       30.7           -0.8

              Revenue expenditure         9.9       11.1        6.8     17.1       31.3           -5.1
              Capital expenditure       12.5        -7.5       16.9      9.1       26.5           30.5
             Source: Union Budget Documents & CGA
             BE: Budget Estimate, PA: Provisional Actuals
             * Rate of growth vis-à-vis 2019-20 actual;
             ^ Rate of growth vis-à-vis 2020-21 PA
   77   78   79   80   81   82   83   84   85   86   87