Union Budget Receipt Side Movement Trends of Last 20 Years
Homeyar Jal Tavaria, Chartered Accountant
An analysis of the Abstract of Receipts side of the Union Budget reveals some very interesting macro trends impacting federalism, fiscal prudence and impact of the decisions of Ministry of Finance (both at Centre and states) leadership.
Please see the Tables below which set the stage for study and discussions. Note that the values considered for study are ‘Revised Estimates’ of the completing year, given in the Budget booklet for the upcoming year. The details are:
A) Budget Statement details of Gross Receipts.
All Values are in Rupees Crores.
Abstract of Budget Revenues --- Revised Estimates (RE) for the year coming to an end.