BUDGET: 2023-24

TABLE 1: BUDGET AT A GLANCE

(Rs. in crore)

2021-22
2022-23 2022-23 2023-24
Items (Pre-
(BE) RE (BE)
Actuals)
A. Revenue Receipts 63084 102322 97132 106061

B. Revenue Expenditure 59269 71615 75004 77009

Revenue Surplus (A-B) 3815 30707 22128 29052

C. Capital Receipts 11494 10628 9657 12439

D. Capital Expenditure 15309 41335 31785 41491

Capital A/C Deficit

-3815 -30707 -22128 -29052
(C-D)

E. Total Expenditure 74578 112950 106789 118500

F. Total Receipts 74578 112950 106789 118500

G. Fiscal Deficit 12219 9570 9570 12012

Unfunded/Additional
H. 0 0 0 0
resources required

‘- ’sign indicates deficit

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 RUPEE: AS IT COMES
(2023-24)

Graph: 1

Borrowings Own Taxes

10% 17% Centrally Sponsored

Schemes

32% 16%

Central Grants 11%

7% 7%
Own Non-Tax

PMDP ARM/Asset
Monetization

RUPEE: AS IT GOES
(2023-24)
Graph: 2

Others
18% Salaries
28%

Capital Exp
35%
Pensions
11%

Interest
8%

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 ECONOMIC GROWTH
GDP at current prices

Graph: 3 (Rs. in crore)

250000
230727
209752
195118
200000
170201
159859 164135
150000 139659 14.6
124848 14.5
117168 10.0
98367
100000 19.1
11.9 7.5

50000 6.6
3.7
2.9 2.7
0
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
(1R) (Proj)

(Growth % in brackets calculated on base year 2011-12), Proj = Projected

TAXES & REVENUES – INCIDENCE & EFFICIENCY

Graph: 4 Own Revenues % GDP

10.00

9.00
8.82
7.97 7.77
8.00

6.74 6.70
7.00
6.44 6.31
6.00 6.15
6.09 6.19
6.17
5.77
5.00 5.22

4.00

3.00

Tax/GDP

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 TABLE 2 BUDGET:BASIC DETAILS

(Rs. in crore)

2021-22
2022-23 2022-23 2023-24
Items (Pre-
(BE) (RE) (BE)
Actuals)
Revenue Receipts 63084 102322 97132 106061
(i+ii+iii+iv)
i. Own Tax Revenue 15552 16666 16303 20349
ii. Non-Tax Revenue 4841 8648 9225 13593
iii. Resources from Centre 42691 68206 69120 64319
iv. Additional Resource Mobilization - 8802 2484 7800
(ARM)/Channelizing resources into system
pool (CRISP)/Asset Monetization
Total Revenue Expenditure of which 59269 71615 75004 77009
Interest payments 7405 7427 9076 9635
CSS 2008 3319 3416 3654
Total Capital Receipts 11494 10628 9657 12439
i. Borrowings 12814 9158 9158 11633
ii. Other liabilities of which Provident Fund -595 412 412 379
(Net)
iii. Misc. Non-debt creating -725 1053 82 422
iv. Recovery of Loans and Advances 0.16 5 5 5
Total Capital Expenditure 15309 41335 31785 41491
i. Capital Expenditure including PMDP 11901 22904 20515 26259
of which : Repayments 4188 3521 5030 8099
ii. CSS 3404 18431 11270 15232
Total Expenditure 74578 112950 106789 118500
i. Revenue Expenditure 59269 71615 75004 77009
ii. Capital Expenditure 11901 22904 20515 26259
iii. CSS Capex 3408 18431 11270 15232
Total Receipts 74578 112950 106789 118500
i. Revenue Receipts 63084 102322 97132 106061
ii. Capital Receipts* 11494 10628 9657 12439
Revenue Surplus 3815 30707 22128 29052
Unfunded/Additional Resources Required 0 0 0 0
Fiscal Deficit 12219 9570 9570 12012

* Capital Receipt and Expenditure excludes ways and means advance of Rs. 26000 crore in RE 2022-23
and ways and means advance of Rs 30000 crore in BE 2023-24.

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 TABLE 3: REVENUE RECEIPTS
(Rs. in crore)
2021-22 2022-23 2022-23 2023-24
Items
(Pre-Actuals) (BE) (RE) (BE)
Revenue Receipts (I+II) 63084 102322 97132 106061
I. Total Grants from Centre 42691 68206 69120 64319
i. Resources from Centre 42691 68206 69120 64319
II. Own Revenues 20393 34116 28012 41742
(1+2+3)
1. Own Tax Revenues 15552 16666 16303 20349

a. GST 10239 10600 10600 13174

b.Sales Tax 1906 1800 1800 1800
c. Excise Duty & Tax on Goods 1789 1905 1918 2450
d. Others 1618 2361 1985 2925
2. Non-Tax Revenues, of which 4841 8648 9225 13593
Interest Receipts 17 2 1 0.43
Power Receipts 2716 5000 4609 6000
3. Additional Resource - 8802 2484 7800
Mobilization
(ARM)/Channelization of
resources into system pool
(CRISP)/Asset Monetization

TABLE 4: REVENUE RECEIPTS AND EXPENDITURE: COMPOSITION

(Rs. in crore)
2021-22
2022-23 2022-23 2023-24
Items (Pre-
(BE) (RE) (BE)
Actuals)
A. Revenue Expenditure of which: 59269 71615 75004 77009
i. Interest 7405 7427 9076 9635
ii. Power Purchase* 1945 5000 3074 3040
iii. Maintenance/Repairs/Material & 767 861 1034 1112
Supplies
iv. Grant in Aid 4807 4287 4841 4872
v. CSS 2008 3319 3416 3654
B. Primary Revenue Expenditure, of 51864 64188 65928 67374
which:
i. Salaries 26079 32495 31592 33530
ii. Pension 11563 9780 13126 12525
iii. Others 4695 8446 8845 8641

* Power Purchase cost in 2021-22 has been less due to clearance of Rs 14162.257 crore past liability on
account of power purchase through loan scheme for Discoms to offset the liabilities of Generation
Companies.

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 TABLE 5: CAPITAL RECEIPTS

(Rs. in crore)

2021-22 2022-23 2022-23 2023-24

Items
(Pre-Actuals) (BE) (RE) (BE)

Capital Receipts 11494 10628 9657 12439

1. Negotiated loans 535 1505 1505 1505
2. Market Borrowings 12279 7653 7653 10128
3. Misc. Non-debt creating -725 1053 82 422
4. Recovery of Loans and Advances 0.16 5 5 5
5. Provident Fund (Net) -595 412 412 379

TABLE 6: CAPITAL EXPENDITURE

(Rs. in crore)

2021-22
2022-23 2022-23 2023-24
Items (Pre-
(BE) (RE) (BE)
Actuals)

Capital Expenditure of 15309 41335 31785 41491

which:
i. UT/District/PMDP 7641 19074 15267 17961
(Tameir) Capex
ii. Loans & Advances 72 109 118 99
iii. Repayment of Debt 4188 3521 5030 8099
iv. Equity & Investment - 200 100 100
v. CSS 3408 18431 11270 15232
Deficit/Surplus on Capital -3815 -30707 -22128 -29052
Account

*Expenditure under (i) includes ULB/PRIs Grants for the year 2021-22.