labels: economy - general
Tax revenues up 39 per cent news
29 September 2006

New Delhi: Tax revenues were up by 39 per cent at Rs81,444 crore, and non-tax revenue was up by 15 per cent at Rs25,107 crore till August this fiscal indicating a buoyant economy, finance minister P Chidambaram has said, hinting that it would be possible for the government to meet deficit targets for 2006-07, even if some unexpected expenditures came up. The tax revenue was Rs58,482 crore and non-tax revenues were at Rs21,687 crore from April to August last year.

Government expenditure stood at Rs200,436 crore during the first five months, which is 35.5 per cent of the Rs5,63,991 crore estimated in the budget for 2006-07. Plan expenditure at Rs53,920 crore and non-plan expenditure at Rs1,46,516 crore were 31.2 per cent and 37.4 per cent of the budget estimate respectively.

The fiscal deficit touched Rs90,678 crore between April and August (60.98 per cent of budget estimates), while the revenue deficit stood at Rs79,348 crore (93.71 per cent of budget estimates).

 search domain-b
Tax revenues up 39 per cent