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Economic
Development Policy |
| STATE
FINANCES |
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REVENUE TRENDS
The
state’s total revenue receipts have grown by more than three times in
the period 1990-91 to 1999-2000, presently standing at about Rs.13805
Cr.. Own revenues (tax +
non-tax) registered a growth rate of 13.83% while central transfers
recorded 12.15% during the same period. The trend of revenue receipts
with respect to the state’s GSDP has been shown in table.
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Trends in Revenue Receipts of Madhya Pradesh
(as % of GSDP)
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1993-94
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1994-95
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1995-96
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1996-97
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1997-98
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1998-99
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Total
revenue
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13.40
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13.00
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13.15
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13.29
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13.89
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12.50
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Own
revenue
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7.74
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7.65
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8.05
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8.07
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8.12
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7.59
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-
Tax revenue
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5.07
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4.90
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5.35
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5.45
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5.63
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5.63
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-
Non-tax rev.
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2.66
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2.76
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2.70
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2.62
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2.49
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1.96
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Central
Transfers
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5.67
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5.34
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5.10
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5.22
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5.77
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4.91
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-
Shared Taxes
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3.19
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3.20
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3.33
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3.50
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4.10
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3.23
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-
Grants
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2.48
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2.14
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1.77
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1.73
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1.66
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1.68
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(Feedback
Analysis from Finance & Accounts Statistics of various years, RBI
Bulletins)
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Madhya
Pradesh’s performance in revenue mobilisation has been better than the
all India average, as exhibited by the following figures.
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Comparative
Trends in Revenue Receipts (93-94
to 98-99)
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(as
% of GSDP)
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Madhya
Pradesh
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All
States
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Total
revenue
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13.21
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11.40
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Own
revenue
|
7.87
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7.13
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-
Tax revenue
|
5.34
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5.35
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-
Non-tax rev.
|
2.53
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1.78
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Transfers
from Centre
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5.34
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4.27
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-
Shared Taxes
|
3.43
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2.43
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-
Grants
|
1.91
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1.83
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(Feedback
Analysis from Finance & Accounts Statistics of various years, RBI
Bulletins India
- Policies to Reduce Poverty & Accelerate Sustainable Dev., The
World Bank 2000)
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Though
the Tax to GSDP ratio in Madhya Pradesh has been growing over the past
few years, there is scope for improvement when seen in comparison with
some of the progressive states.
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Tax to GSDP ratio for selected states (as %)
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1993-94
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1994-95
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1995-96
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1996-97
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1997-98
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1998-99
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Andhra
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7.37
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6.79
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5.73
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5.38
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8.28
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6.97
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Karnataka
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8.92
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8.49
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9.02
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8.22
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8.36
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7.69
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Kerala
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8.81
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8.68
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8.57
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8.52
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8.39
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7.39
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Tamil
Nadu
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8.30
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8.41
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9.08
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8.69
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8.30
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8.22
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Madhya
Pradesh
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5.07
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4.90
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5.35
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5.45
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5.63
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5.63
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Punjab
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7.1
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7.64
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6.92
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6.75
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6.23
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5.94
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Maharashtra
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6.27
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6.73
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6.39
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6.16
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6.4
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5.66
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Rajasthan
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5.89
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5.6
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5.88
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5.61
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6.11
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NA
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Source:
RBI Bulletins on State Finances, various issues
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