Sources
sankey-beta
inputs
Borrowing,Treasury,28
Income,Treasury,19
GST & Other Taxes,Treasury,18
Corporation Tax,Treasury,17
Non Tax Receipts,Treasury,8
Union Excise Duties,Treasury,5
Customs,Treasury,4
Non Debt Capital Receipts,Treasury,1
Treasury,Interest Payments,20
Treasury,State share of taxes,20
Treasury,Central Sector Schemes,16
Treasury,Other Expenditure,9
Treasury,Centrally Sponsored Schemes,9
Treasury,Defence,8
Treasury,Finance Commission,8
Treasury,Subsidies,6
Treasury,Pensions,4
- borrowing major source of money
- interest payment largest expenditure
Tax Trends
- tax receipts as % of GDP more or less same since past few years
- but total receipts are rising 📈
- however, total receipts fell during covid
- so NO CONSISTENT INCREASE from before 2020
- direct to indirect tax ratio more or less same since past few years
- increase in no. of income tax payers: 2.4 times
- Direct tax collection increase: 3 times in 10 years
- Increase indirect tax buoyancy: 1.22
Expenses
- outgo on centrally sponsored schemes decreasing 📉
- outgo on central sector schemes increasing 📈
Schemes for Poor
- Poverty Alleviation: 25cr people
- PM SVANidhi (MoHUA): credit assistance to street vedors
- PM JANMAN (both CS & CSS, 9 Ministries): Reach out to PVTG - health, water, skills etc
- PM Vishvakarma (MoMSME): artisans & craft people in 18 trades
Schemes for Women
- MUDRA loan for women
- female enrollment in higher education, STEM education
- rise in Female LFPR to 37%
- 70% rural houses under PM-Awas are in name of women or joint
- target: Lakhpati Didi from 2cr to 3cr
- Cervical Cancer vaccination
- extension of Ayushman Bharat to Anganwadi workers, ASHA workers
Schemes for Youth (Amrit Peedhi)
- PM SHRI: Schools for Imparting Holistic Education
- Fund of Funds: Start up India, Credit Guarantee Schemes
- Technological R&D: corpus of 1L Cr for 50yr interest free/low interest loans
Schemes for Farmers (Annadata)
- ongoing programs eg. Fasal Bima Yojna (4cr farmers), KISAN (11.8cr farmers), e-NAM (1381 Mandis)
- Proposals
- Nano DAP & Nano Urea (super important)
- Atmanirbhar Oilseeds Abhiyaan
- Dairy Development: productivity of milch animals, control of foot and mouth disease
- Matsya Sampada Yojna: enhance aquaculture productivity
Capital Expense
- increasing trend
- 11% increment this year
- 22% last yr
- 33% last to last yr
- ∴ % increase in capital expenditure is consistently decreasing
- but capital expenditure as proportion of GDP consistently increasing
- capital expenditure as proportion of total expenditure consistently increasing
Recent Projects
- Housing: PM Awas Yojna
- Renewables:
- Viability Gap Funding for wind energy
- Rooftop Solarization
- Biomanufacturing & bio foundry
- 3 major railway corridors under PM Gati Shakti
- New airports under UDAN Scheme
- Urban transformation: Metro rails Namo Bharat
Expenses on States
- Development of tourist centres: branding, marketing at global scale
- long term interest free loans for such development on matching basis
- Projects for Port Connectivity, tourism, amenities to be taken up in islands
- Viksit Bharat: 75k Cr interest free loans for 50yrs to states for milestone linked reforms
Deficit Trends
