Tax Revenue and Expenditure
|1990-91 Actuals||1994-95 Actuals||1995-96 Actuals||1996-97 Actuals||1997-98 Revised Estimates||1998-99 Revised Estimates|
|1. Fiscal Deficit||7.7||5.6||4.9||4.7||5.5||5.1|
|2. Revenue Deficit||3.2||3.0||2.4||2.3||2.8||2.7|
|3. Primary Deficit||4.0||1.3||0.8||0.5||1.3||0.9|
|4. Gross Tax Revenue||9.9||8.9||9.1||9.1||9.1||8.9|
|(a) Direct Tax||1.9||2.6||2.8||2.8||3.3||2.8|
|(i) Income Tax||0.9||1.2||1.3||1.3||1.2||1.2|
|(ii) Corporation Tax||0.9||1.3||1.4||1.3||1.4||1.5|
|(b) Indirect Tax||7.8||6.3||6.4||6.4||5.8||6.1|
|(i) Union Excise Duties||4.2||3.6||3.3||3.2||3.1||3.3|
|5. Total Expenditure of which||18.1||15.5||14.6||14.3||15.0||15.1|
|(i) Interest Payments||3.7||4.2||4.1||4.2||4.2||4.2|
|(ii) Major Subsidies||1.6||1.1||1.0||1.0||1.2||1.1|
|(iv) Other Non-Plan Expenditure||5.2||3.3||3.5||3.2||3.5||3.4|
|(v) Budget Support For Plan||4.9||4.6||3.8||3.8||3.9||4.1|
1. The ratios to GDP are based on new series of National Account Statistics with 1993-94
as base year released by the Central Statistical Organisation (CSO) on February 3, 1999.
For the purpose of comparability GDP at current market prices for the year 1990-91,
1991-92 and 1992-93 have been interpolated by using an average link sector of 1.0878
obtained from the overlapping years viz. 1993-94, 1994-95, 1995-96 and 1996-97 for which
both the old series and new series for the GDP at current market prices are available.
2. The estimate of GDP at current market prices for 1998-99 is based on CSOs advance estimates of real GDP growth of 5.8 per cent along with an assumption of an average inflation rate of 7 per cent for the year.