CHAPTER -XIX
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Note: R.E. Revised Estimates, B.E. Budget Estimates Source: Assam Budget in Brief, 2003-2004 |
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.
TABLE 19.2
VOLUME OF REVENUE BY BROAD GROUP OF SOURCES IN ASSAM GOVERNMENT
BUDGET (Rs in lakh)
|
|
R.E. Revised Estimates, B.E. Budget Estimates, Source: Assam Budget in Brief, 2003-2004 |
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.)
TABLE 19.3
CAPITAL RECEIPT AND CAPITAL EXPENDITURE IN ASSAM GOVERNMENT BUDGET
2003-2004
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Source: Assam Budget in Brief, 2003-2004 |
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 Expenditure 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)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(a) Excluding Public Sector
STATEMENT II
SECTORAL BREAK-UP OF EXPENDITURE UNDER PLAN SCHEMES
(Rs in lakh)
|
||||||||||||||||||||||||||||||
|
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 is 2001-2002. The table 19.4 shows the amount of Loans outstanding against various types of debt during the year, 2001-2003.
TABLE 19.4
LOANS OUTSTANDING IN 2001-2002
|
||||||||||||||||||||||||
|
Source: Assam Budget in Brief, 2003-2004. |
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.
TABLE 19.5
THE COLLECTION OF TAX UNDER DIFFERENT TAXATION ACTS
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
|