Page 84 - economic_survey_2021-2022

58 Economic Survey 2021-22

Figure 15: Taxes as a per cent of GDP

12

10
2.6 3.1
2.8 2.8 GST
2.9
8
Per cent of GDP 6 0.8 1.5 2.5 0.6 1.2 0.5 1.2 0.7 2.0 0.6 1.5 UED

Custom

2.5
4
2.4
2.4 2.5 ToI
CIT
2 3.3 3.5 2.7 2.3 2.5

0
2017-18 2018-19 2019-20 2020-21 PA 2021-22 BE

Source: Union Budget Documents & CGA
BE: Budget Estimate, PA: Provisional Actual, CIT: Corporation Tax, ToI: Taxes on Income other than Corporation
Tax (includes STT), UED: Union Excise Duties, GST: Goods and Services Tax

Non-Tax Revenue

2.25 Non-tax revenue consists mainly of interest receipts on loans to States and Union Territories,
dividends and profits from Public Sector Enterprises including surplus of Reserve Bank of India
transferred to Government of India, and external grants and receipts for services provided by
the Central Government. These services include fiscal services like currency, coinage and mint,
general services such as Public Service Commission and police, social services like education
and health, and economic services like irrigation, transportation and communication. The Budget
for 2021-22 envisaged generation of ` 2.43 lakh crore of non-tax revenue, 16.8 per cent higher
than 2020-21 PA. (refer Table 4).

Table 4- Trends in Non-tax Revenue of Central Government

2020-21 2021-22
2015-16 2016-17 2017-18 2018-19 2019-20
PA BE
(in ` lakh crore)
Interest receipts 0.25 0.16 0.14 0.12 0.12 0.17 0.12
Dividends & Profits 1.12 1.23 0.91 1.13 1.86 0.97 1.04

External Grants 0.02 0.01 0.04 0.01 0.00 0.02 0.01
Others 1.12 1.32 0.84 1.07 1.27 0.92 1.25

Non-tax Revenue 2.51 2.73 1.93 2.36 3.27 2.08 2.43
Source: Union Budget Documents & CGA