Where does the Budget rupee come from, where does it go?
NEW DELHI: In a good sign, the government will depend less on borrowing to finance budgetary proposals in 2011-12 than in the ongoing 2010-11 financial year.
Borrowings will comprise 27 paise out every rupee that the government plans to spend in 2011-12, compared to 29 paise in the current financial year, as per the proposals presented by finance minister Pranab Mukherjee in Parliament today.
As far as expenses are concerned, the central plan will account for 22 paise of every rupee spent, while interest payments will account for an outgo of 18 paise, the second highest expense.
The gross borrowings of the government in 2011-12 are estimated at Rs 4.17 lakh crore, about Rs 40,000 crore lower than the current fiscal’s borrowing plan, which was pegged at Rs 4.47 lakh crore.
As the single largest source of revenue income, collections from corporate tax are estimated to increase to 24 paise in FY’12 from 23 paise in the current fiscal, indicating an improvement in tax revenue generation.
In addition, income tax will constitute 11 paise out of every rupee earned by the government in the 2011-12 financial year, as against 9 paise in the current fiscal. This indicates that overall, the direct tax contribution to every rupee earned by the government will be 35 paise.
An improvement is also seen in indirect tax collection, including service tax and other heads, which are expected to contribute 27 paise to every rupee earned in 2011-12, as against 25 paise in the current fiscal.
Central excise duty will account for 11 paise out of every rupee earned by the government in 2011-12, compared to 10 paise in 2010-11, while service tax and other taxes will constitute 6 paise of every rupee earned.
The contribution of non-tax revenue, however, is projected to come down to 8 paise of every rupee, as against 11 paise in the current fiscal.
However, the subsidy burden on the government would remain static at 9 paise and so would the outgo on defence activities, at 11 paise, in 2011-12.
What is more, non-plan expenditure is expected to account for 11 paise of every rupee spent by the government in 2011-12, down from from 13 paise in 2010-11, while the states’ share of taxes and duties would amount to 17 paise of every rupee earned, compared to 16 paise in 2010-11.
Plan assistance to states and Union Territories has been retained at 7 paise in 2011-12.
Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on kemmannu.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using kemmannu.com will be purely at your own risk, and in no way will Kemmannu.com be held responsible.
Similarly, Kemmannu.com reserves the right to edit / block / delete the messages without notice any content received from readers.
Maundy Thursday 2024 | LIVE From St. Theresa’s Church, Kemmannu | Udupi |
2 BHK Flat for sale on the 6th floor of Eden Heritage, Santhekatte, Kallianpur, Udupi
Kemmennu for sale 1 BHK 628 sqft, Air Conditioned flat
Symphony98 Releases Soul-Stirring Rendition of Lenten Hymn "Khursa Thain"
Palm Sunday 2024 at St. Theresa’s Church, Kemmannu | LIVE
Final Journey of Patrick Oliveira (83 years) || LIVE From Kemmannu
Carmel School Science Exhibition Day || Kmmannu Channel
Final Journey of Prakash Crasta | LIVE From Kemmannu || Kemmannu Channel
ಪ್ರಗತಿ ಮಹಿಳಾ ಮಹಾ ಸಂಘ | ಸ್ತ್ರೀಯಾಂಚ್ಯಾ ದಿಸಾಚೊ ಸಂಭ್ರಮ್ 2024 || ಸಾಸ್ತಾನ್ ಘಟಕ್
Valentine’s Day Special❤️||Multi-lingual Covers || Symphony98 From Kemmannu
Final Journey of Lionel John Lewis (74 years) | LIVE from Milagres Cathedral | Kallianpur | Udupi
Rozaricho Gaanch December 2023 issue, Mount Rosary Church Santhekatte Kallianpur, Udupi
An Ernest Appeal From Milagres Cathedral, Kallianpur, Diocese of Udupi
Diocese of Udupi - Uzvd Decennial Special Issue
Final Journey Of Canute Pinto (52 years) | LIVE From Mount Rosary Church | Kallianpura | Udupi
Earth Angels Anniversary | Comedy Show 2024 | Live From St. Theresa’s Church | Kemmannu | Udupi
Vespers 2024 | St. Theresa’s Church, Kemmannu
Annual Church Feast 2024 | St. Theresa’s Church, Kemmannu
Confraternity Sunday | St. Theresa’s Church, Kemmannu
Kemmannu Cricket Match 2024 | LIVE from Kemmannu
CHRISTMAS MASS-2023 | St. Theresa’s Church | Live from Kemmannu | Udupi
Annual Day 2023 | Carmel English School, Live From Kemmannu
Naturya - Taste of Namma Udupi - Order NOW
New Management takes over Bannur Mutton, Santhekatte, Kallianpur. Visit us and feel the difference.
Easter 2023 - Milrachi Lara From Milagres Cathedral, Kallianpur, Udupi
Focus Studio, Near Hotel Kidiyoor, Udupi
Earth Angels - Kemmannu Since 2023
Kemmannu Channel - Ktv Live Stream - To Book - Contact Here
Click here for Kemmannu Knn Facebook Link