| STATE FINANCE |
 |
SHARE OF PLAN EXPENDITURE IN 2003-2004
BUDGET |
|
PER CAPITA REVENUE RECEIPT AND EXPENDITURE |
|
LOANS OUTSTANDING AGAINST THE GOVERNMENT OF ASSAM |
|
ACHIEVEMENT OF THE TAXATION DEPARTMENT, ASSAM,
2002-2003 |
|
|
19.1.0
|
In
a developing country like ours where the Government is more prominently
involved in planning and directing the country’s economic development,
the budgetary action of the Government has a direct bearing on the
same. The Assam Government Budget, which is presented before the State
Legislative in each financial year, contains the Actual of Receipt
and Expenditure of the preceding year, Revised Estimates (R. E.) for
the current year and Budget Estimates (B. E.) for the ensuing year.
A brief account of the State finance for the year 2003-2004 is described
briefly in the following paragraphs. |
19.2.0
|
During
the financial year 2003-2004 the Government of Assam expects to receive
by way of revenue a sum of Rs.9481.99 crore as against the total expenditure
estimated at Rs.11173.11 crore, thereby showing a deficit amounting
to Rs.1691.12 crore in the Revenue receipt. The opening balance in
the Budget for 2003-2004 (B.E.) is in the deficit of Rs.187.34 crore
and the closing balance for the year is estimated at the deficit of
Rs.2365.91 crore. The revenue receipts for the year 2003-2004 (B.E.)
have been found to be increased by 20.7 per cent as compared to the
amount of revenue receipt for the year 2002-2003 (R.E.). |
19.2.1
|
The
sources of Revenue Receipt of Assam Government broadly comprises of
(a) State Taxes, (b) Share of Central Taxes, (c) Non-Tax Revenue (State)
and (d) Grants–in–Aid from the Central Government. It
is observed that the receipt from share of Central Taxes have shown
an increase of Rs.133.07 crore over that in 2002-2003 (R.E.) as per
budgetary estimates for 2003-2004. The receipts from State Taxes have
been estimated at Rs. 2452.32 crore in 2003-2004 (B. E.) as against
Rs.2204.23 crore in 2002-2003 (R. E.), showing an increase of 11.2
per cent. In respect of State’s Non-Tax Revenue, the Budget
anticipates an increase of Rs.243.51 crore over that in 2002-2003
(R. E.). The Grants-in-Aid from the Central Government have been estimated
at Rs.4476.88 crore in 2003-2004 (B.E.) as compared to Rs.3457.77
crores in 2002-2003 (R.E.). The total Revenue Receipt has been estimated
at Rs.9481.99 crore in Budget Estimates for 2003-2004, which shows
an increase of 20.7 per cent over the Revised Estimates for 2002-2003.
Table-19.1 shows
the Receipt and Expenditure from the Consolidated Fund of Assam Government
Budget. |
19.2.3
|
The
total expenditure in the Revenue Account has been estimated at Rs.11173.11
crore in the Budget for 2003-2004 as against Rs.8888.80 crore in 2002-2003
(R.E.). In the Budget for 2003-2004, the Capital Receipts along with
Contingency Fund and Public Account have been estimated at Rs.7362.71
crore as against Rs.9827.97 crore in 2002-2003 (R. E.). The total
capital disbursement has been estimated at Rs.7350.16 crore in the
Budgetary Estimates for 2003-2004 against the amount of Rs.9417.37
crore in the previous year thereby showing a fall of capital expenditure
by around 22.0 per cent in Budget Estimates over the Revised Estimates
of 2002-2003. |
19.2.4
|
The
expenditure under Consolidated Fund on both Revenue Account and Capital
Account during 2003-2004 (B. E.) has been estimated at Rs.16397.18
crore as against the receipt of Rs.14448.61 crore under same account
showing a cash deficit of Rs.1948.57 crore. The net transaction in
Budget estimate for 2003-2004 shows a deficit of Rs.1678.57 crore
with an opening and a closing balance of Rs.687.34 crore and Rs.2365.91
crore respectively. |
19.2.5
|
Out
of the total Revenue Receipt of Rs.9481.99 crore in 2003-2004 (B.E.),
the highest share has been accounted by Grants-in-Aid, i.e., contribution
from the Central Government with Rs.4476.88 crore (47.2 per cent)
followed by State Taxes with Rs.2452.32 crore (25.9 per cent), Non-Tax
Revenue (State) with Rs.993.79 crore (10.5 per cent) and Central Taxes
with Rs.1559.00 crore (7.8 per cent). The Table
19.2 shows the volume of Revenue of the State Government
by broad group of sources. |
19.2.6
|
As
regards the allocation of funds under the Capital Expenditure, the
Budget for 2003-2004 provides Rs.522407 lakh as against the anticipated
receipt of Rs.496662 lakh. Table-19.3
shows the Capital Expenditure and Capital Receipt under different
Heads for 2003-2004 (B. E.). |
|
|
| SHARE OF PLAN
EXPENDITURE IN 2003-2004 BUDGET |
19.5.0.
|
The
Statements I and II below show the relative shares of the Plan Schemes
under different heads in the budget provision for 2003-2004 and sectoral
break-up of the Plan Expenditures respectively. The Statement I reveals
that the total Plan Expenditure constitutes about 22.83 per cent of
the total budget provision for the year where Economic Services constitute
the highest proportion of total plan expenditure followed by Social
and Community Services and Loans and Advances. The Statement II shows
that out of the total plan Expenditure State Plan Schemes constitute
only 39.6 per cent. |
|
STATEMENT - I |
SHARE OF PLAN EXPENDITURE
UNDER DIFFERENT HEADS |
(Rs. in lakh) |
| Heads |
Total Budget Provision |
Budget for Plan Scheme |
Plan expenditure
as percentage of total budget provision |
Revenue |
Capital |
Total |
Revenue |
Capital |
Total |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
1.
|
General Service |
421677 |
2149 |
423826 |
3915 |
1474 |
5389 |
0.33 |
2
|
Social & Community Service |
454395 |
5522 |
459917 |
134152 |
4202 |
138354 |
8.44 |
| 3. |
Economic |
240065 |
109528 |
349593 |
134852 |
87094 |
221946 |
13.54 |
4.
|
Grants-in-aid & Contribution |
1173 |
- |
1173 |
- |
- |
- |
- |
5.
|
Loan & Advances |
29457 |
- |
29457 |
8594 |
- |
8594 |
0.52 |
6.
|
Public Debt including inter-State Settlement & Appropriation
to Public Debt including inter-State Settlement & Appropriation
to contingency Fund |
375751 |
- |
375751 |
- |
- |
- |
- |
| 7. |
Total (a) |
1522518 |
117199 |
1639717 |
281513 |
92770 |
374283 |
22.83 |
8.
|
Public Sector contributions |
- |
- |
- |
- |
- |
- |
- |
(a) Excluding
Public Sector contribution |
|
|
STATEMENT – II |
SECTORAL BREAK-UP OF EXPENDITURE
UNDER PLAN SCHEMES |
(Rs. in lakh) |
| Sectors |
Revenue |
Capital |
Total |
Percent of Total |
|
1 |
2 |
3 |
4 |
5 |
| 1. |
State Plan |
115888 |
30837 |
146725 |
39.6 |
2.
|
Central / Centrally Sponsored Schemes including NEC |
161802 |
61933 |
223735 |
60.4 |
| 3. |
Public sector Contributions |
- |
- |
- |
- |
| |
Total |
277690 |
92770 |
370460 |
100.00 |
| |
Source: Assam Budget in Brief,
2003-2004 |
|
|
|
| PER CAPITA
REVENUE RECEIPT AND EXPENDITURE: |
19.6.0.
|
The
per capita Revenue Receipt as estimated has increased from Rs.2912
in 2002-2003 to Rs.3466 in 2003-2004 as against the per capita Revenue
Expenditure of Rs.3294 and Rs.4084 respectively. |
|
|
| LOANS OUTSTANDING
AGAINST THE GOVERNMENT OF ASSAM |
19.7.0
|
The
Loans outstanding against the Government of Assam has been increasing
from year to year and this amount has reached to Rs.11700.25 crore
in 2001-2002. The table 19.4
shows the amount of Loans outstanding against various
types of debt during the year, 2001-2002. |
|
|
| ACHIEVEMENT
OF THE TAXATION DEPARTMENT, ASSAM, 2002-2003: |
19.8.0
|
The
Taxation Department, Assam, is responsible for collection of major
share of Tax Revenue of State. The Department is, presently administering
as many as 10 (ten) different Taxation Acts including the Assam Entry
Tax Act, 2001 which has come into force with effect from October 2001.
During the year 2002-2003, Department collected Rs.1636.88 crore against
the target of Rs.1500.00 crore and the percentage of achievement over
the target is 109.12 per cent. It is to be mentioned that the collection
of Rs.1636.00 crore during 2002-2003 shows an increase of 28.85 per
cent over the collection of 2001-2002, which was Rs.1270.33 crore.
The Table-19.5
shows the collection of Tax under different Acts during the year 2001-2002
and 2002-2003. |
|
As
per information available from the State Taxation Department during
the year 2002-2003 an amount of Rs.141.18 crore was realized from
outstanding arrears under AGST Act. Excluding this amount the overall
growth during 2002-2003 is 18 per cent and the growth under the Assam
General Sale Tax Act, 1993 is 19 per cent. |
|
During
the financial year 2002-2003 the Department experienced a drastic
fall in collection of Tax under the Assam Agricultural Income Tax
Act, 1939 mainly due to fall in price of Indian Tea in the International
Market, substantial decrease in export of Indian Tea and increase
in cost of production of Tea etc. The declining trend of collection
has been continuing since 1998-99. The fall in collection of Tax under
Assam Taxation (On specified Lands) Acts, 1990 by 13 per cent over
2001-2002 was mainly due to indirect impact of the fall of Agricultural
Income Tax from Tea. On the other hand, fall in collection of revenue
under Amusement & Betting Tax Act, 1939 by 17 per cent during
the year 2002-2003 is due to decrease in number of Cinema goers in
Cinema Halls located within the State. |
|
However,
the Department has been able to achieve better growth of collection
during 2002-2003 despite the fall in collection under the above mentioned
Acts i. e. Assam Agricultural Income Tax Act, Assam Taxation (On specified
Lands) Act and the Assam Amusement and Betting Tax Act. |
|
For
the current financial year 2003-2004, the Government has fixed a target
of Rs.1610.00 crore for collection of revenue by the Department. The
provisional progressive collection up to the end of October, 2003
is reported to be Rs.856.93 crore with a growth of 20 per cent over
the progressive collection of Rs.716.68 crore during the corresponding
period of the last financial year. Considering the present trend of
collection it is expected that the target fixed for the Department
during 2003-2004 will be achieved. |
|
Click here to view the Graphical
Represantation of Collection of Tax by The Govt. of Assam |
