What is the amount of receipts (AOR) which the government is budgeted to be received in this Budget 2022?
Total budgeted receipts are 39,44,909 crore out of which 56% is revenue receipts i.e revenue from tax and balance 46% is majorly from loans and borrowings. The percentage is higher than as compared to the figures related to the actuals of the financial year 2020-2021.
What is the meaning of fiscal deficit (FD) , revenue deficit (RD), effective revenue deficit (ERD) and the primary deficit?
Ans-
- Fiscal deficit (FD) = Total revenue receipts +Non-debt capital receipts (NDCR) -total expenditure. This (FD) is reflecting the total borrowing requirement of the government.
- Revenue deficit (RD) means the excess of revenue expenditure over the revenue receipts
- Effective revenue deficits (ERD) mean the difference between the revenue deficit - grants for the creation of capital assets.
- Primary deficits (PD) means = fiscal deficits - interest payments.
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Figures related to Budget 2022* |
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|
(Amount in crores) |
|||||
|
Sr.No. |
Particulars |
2020-21 |
2021-22 |
2021-22 |
2022-23 |
|
Actuals Amount |
Budget amount |
Revised Budget amount |
Budget amount |
||
|
1 |
Revenue receipts |
1633920 |
1788424 |
2078936 |
2204422 |
|
2 |
Tax revenues (net to centre) |
1426287 |
1545396 |
1765145 |
1934771 |
|
3 |
Non-tax revenues |
207633 |
243028 |
313791 |
269651 |
|
4 |
Capital receipts |
1875916 |
1694812 |
1691064 |
1740487 |
|
5 |
Recovery of loans |
19729 |
13000 |
21975 |
14291 |
|
6 |
Other receipts |
37897 |
175000 |
78000 |
65000 |
|
7 |
Borrowings and other liabilities |
1818291 |
1506812 |
1591089 |
1661196 |
|
8 |
Total receipts |
3509836 |
3483236 |
3770000 |
3944909 |
|
9 |
Total expenditure |
3509836 |
3483236 |
3770000 |
3944909 |
|
10 |
On revenue account :- on which |
3083519 |
2929000 |
3167289 |
3194663 |
|
11 |
Interest payments |
679869 |
809701 |
813791 |
940651 |
|
12 |
Grants in Aid of creation of capital assets |
230865 |
219112 |
237685 |
317643 |
|
13 |
On Capital account |
426317 |
554236 |
602711 |
750246 |
|
14 |
Effective capital Expenditure (12+13) |
657182 |
773348 |
840396 |
1067889 |
|
15 |
Revenue Deficit (10-1) |
1449599 |
1140576 |
1088353 |
990241 |
|
16 |
Effective Revenue Deficit (15-11) |
1218734 |
921464 |
850668 |
672598 |
|
17 |
Fiscal Deficit (9-(1+5+6) |
1818290 |
1506812 |
1591089 |
1661196 |
|
18 |
Primary Deficit (17-11) |
1138421 |
697111 |
777298 |
720545 |
What are the areas from where the government will get receipts?
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Following are the sources from where the government will arrange the finance for the fiscal deficit |
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|
(Amount in crores) |
|||||
|
Sr. |
Particulars |
2020-21 |
2021-22 |
2021-22 |
2022-23 |
|
Actuals |
Budget amount |
Revised Budget amount |
Budget amount |
||
|
1 |
Debt Receipts (Net) |
1825479 |
1435428 |
1416902 |
1660444 |
|
2 |
Market Borrowings |
||||
|
3 |
(G-sec +T Bills) |
1239737 |
967708 |
875771 |
1158719 |
|
4 |
Securities against Small Savings |
483733 |
391927 |
591524 |
425449 |
|
5 |
State Provident Funds |
18514 |
20000 |
20000 |
20000 |
|
6 |
Other Receipts (Internal Debts and Public Account) |
13315 |
54280 |
-90140 |
37025 |
|
7 |
External Debt |
70181 |
1514 |
19746 |
19251 |
|
8 |
Draw Down of Cash Balance |
-7188 |
71383 |
174187 |
752 |
The author can also be reached at jatinpalldh@gmail.com
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