Government Budgetary Concepts

REVENUE RECEIPTS

I.

TAX

CAPITAL RECEIPTS

REVENUE Corporation Tax Taxes on Income Estate Duty Wealth Tax Custom Duties Union Excise Duties Taxes of Union territories Other Taxes Total - Tax revenue LESS - States' Share Taxes on income Union Excise Duties TOTAL States' Share LESS - Transfer to UTS CENTRE'S NET TAX REVENUE

1. MARKET LOANS Gross Borrowings LESS - Repayment NET 2. External Assistance (NET) 3. Recoveries of Loans and Advances 4. Small Saving, Public Provident Fund and Schemes for Retiring Government Employees NET 5. State Provident Funds 6. Special Deposits of Non-Govt. PF, LIC, GCI, etc. NET 7. Disinvestment of Equity Holding In Public Sector Enterprises

II. NON-TAX REVENUE Interest Receipts, Dividends 8. Other Receipts (NET) and Profits Non-Tax Revenue of UTS 9. Total Capital Receipts (Net) Other Non-Tax Revenue NET CENTRE'S NON-TAX REVENUE

Total Revenue Receipts (Net Tax Revenue +Net Non-Tax Revenue)

CONCEPTS OF DEFICIT
1. Revenue Deficit Revenue Expenditure ( Non-Plan Expenditure on Revenue Account + Plan Expenditure on Revenue Account ) - Revenue Receipts ( Tax Revenue, net to Centre + Non-Tax Revenue) 2. Fiscal Deficit Total Expenditure - ( Revenue Receipts + Recoveries of Loans + Other Receipts) 3. Primary Deficit = Fiscal Deficit - Interest Payment

Non-Tax Revenue Heads

1. Fiscal Services a. Currency, Coinage and Mint b. Other Fiscal services Relating to Indian security Press, Nashik, Hyderabad etc. 2. Interest Receipts a. On Loans to States and Union Territories b. On Railway Capital C. On Posts and Telecom. Capital d. Other Interest Receipts ( on Loans to Public Enterprises etc.) 3. Profits and Dividends a. Profits of RBI b. Profits of Nationalised Banks, LIC c. Profits of Public Enterprises d. Others 4. Other General Services 5. Social Services ( Education, Health, Broadcasting etc.) 6. Economic Services ( Agriculture, Industry, Power, Transport, Communications etc.) 7. Union Territories Without Legislature 8. Grant-in-aid and Contributions TOTAL NON-TAX REVENUE

Non-Plan Expenditure Heads

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. Interest Payments Defence a. On Revenue Account b. On Capital Account (CE) Major Subsidies ( Food, Fertilisers and Export Promotion) Other Subsidies Postal Deficit General Services ( Expenditure on Organs of State, Tax Collection, Police, Pension etc.) Social Services ( Education, Health, Broadcasting etc.) Economic Services (Agriculture, Industry, Power, Transport, Communications, S &T etc.) Non-Plan Grants to States Non-Plan Grants to Union Territory Govts. Grants to Foreign Governments Non-Plan Capital Outlay Non-Plan Loans to States (CE) Non-Plan Loans to Union Territories Non-Plan Loans to Public Enterprises (CE) Loans to Foreign governments (CE) Other Non-Plan Loans Expenditure of Union territories Without Legislature

GRAND TOTAL

PLAN EXPENDITURE A. Central Plans such as agriculture, Rural Development, Irrigation and Flood Control, Energy, Industry and Minerals, Transport, Communications, Science & Technology and Environment, Social Services and Others Central Assistance for Plans to States and UTS.

B.

UNION BUDGET (2005-06) AT A GLANCE (In crores of rupees)

----------------------------------------------------------------------------------------------------Budget 2003-2004 2004-2005 2004-2005 20052006 Items Actuals Budget Revised Budget Estimates Estimates Estimates ----------------------------------------------------------------------------------------------------1. Revenue Receipts 263878 309322 300904 351200 2. Tax Revenue (net to centre) 186982 233906 225804 273466 3. Non-Tax Revenue 76896 75416 75100 77734 4. Capital Receipts (5+6+7) 163144 5. Recoveries of Loans 12000 6. Other Receipts 7. Borrowings and other liabilities 151144 8. Total Receipts (1+4) 514344 9. Non-Plan Expenditure 370847 10. On Revenue Account 330530 of which, 11. Interest Payments 133945 12. On Capital Account 40317 207490 67265 16953 123272 471368 349088 283502 124088 65586 168507 27100 4000 137407 477829 332239 293650 129500 38589 204887 61565 4091 139231 505791 368404 296396 125905 72008 ...

13. Plan Expenditure 143497 14. On Revenue Account 115982 15. On Capital Account 27515 16. Total Expenditure (9+13) 514344 17. Revenue Expenditure (10+14) 446512 18. Capital Expenditure (12+15) 67832 19. Revenue Deficit (17-1) 95312 20. Fiscal Deficit {16-(1+5+6)} 151144 21. Primary Deficit (20-11) 17199

122280 78638 43642 471368 362140 109228 98262 (3.6) (2.7) 123272 (4.5) (4.3) -816

145590 91843 53747 477829 385493 92336 76171 (2.5) 137407 (4.4) 7907

137387 89673 47714 505791 386069 119722 85165 (2.7) 139231 (4.5) 13326

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