Government of IndiaMinistry of Finance Economic Survey '97





Table 1.6

Tax Revenue & Expenditure

- Seventh Plan
(1985-90)
1990-91
Actuals
1991-92
Actuals
1992-93
Actuals
1993-94
Actuals
1994-95
Actuals
1995-96
Revised Estimates
1996-97
Budget Estimates
Eighth Plan
(1992-97)
(As per cent of GDP)
1.Fiscal Deficit 8.2 8.3 5.9 5.7 7.4 6.1 5.8 5.0 6.0
2.Revenue Deficit 2.6 3.5 2.6 2.6 4.0 3.3 3.0 2.5 3.1
3.Budgetary Deficit 2.1 2.1 1.1 1.7 1.4 0.1 0.7 0.5 0.9
4.Primary Deficit 4.8 4.3 1.6 1.3 2.9 1.4 1.1 0.2 1.4
5.Gross Tax Revenue 11.2 10.8 10.9 10.6 9.4 9.7 10.0 10.6 10.0
(a) Direct Taxes 2.1 2.1 2.5 2.6 2.5 2.8 3.0 3.1 2.8
of which
(i)Income Tax 1.0 1.0 1.1 1.1 1.1 1.3 1.4 1.4 1.3
(ii)Corporation Tax 1.1 1.0 1.3 1.3 1.2 1.4 1.5 1.6 1.4
(b)Indirect Taxes 9.1 8.7 8.5 8.0 6.8 6.9 7.1 7.4 7.2
of which
(iii) Union Excise Duties 4.9 4.6 4.6 4.4 3.9 3.9 3.7 3.7 3.9
(iv)Customs 3.9 3.9 3.6 3.4 2.7 2.8 3.2 3.5 3.1
6.Total Expenditure 20.5 19.7 18.1 17.4 17.5 16.9 16.7 16.3 16.9
of which
(i) Interest Payments 3.4 4.0 4.3 4.4 4.5 4.6 4.7 4.8 4.6
(ii) Major Subsidies 1.7 1.8 1.6 1.3 1.3 1.2 1.1 1.2 1.2
(iii)Defence 3.3 2.9 2.7 2.5 2.7 2.4 2.4 2.2 2.5
(iv) Other Non-Plan Expenditure 5.0 5.7 4.5 4.0 3.6 3.6 3.9 3.8 3.8
(v) Budget Support For Plan 7.1 5.3 5.0 5.2 5.4 5.0 4.4 4.4 4.9





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