Chandigarh, August 18

Showing an upward trajectory, the total revenue receipts from April 2020 to March 2021 have increased by Rs 7,466.62 crore (12.14 per cent) to Rs 68,995.89 crore in comparison to the previous year’s (April 2019 to March 2020) collection, which stood at

Rs 61,529.27 crore.

An official spokesperson said the state’s Own Tax Revenue (OTR) had shown a marginal increase of 0.19 per cent over the previous year with total OTR receipts being Rs 30,057 crore with major components showing an upward trend like state excise (27 per cent), stamps and registration (9 per cent) and VAT (3 per cent). However, taxes on vehicles and SGST have shown negative growth of 27 and 7 per cent, respectively, over the previous year.

The state’s own Non-Tax Revenue (NTR) was Rs 4,152 crore and it declined significantly by 37 per cent over 2019-20 fiscal. Some heads such as medical and public health (15 per cent), police (47 per cent) and mining (33 per cent) have witnessed a rising trend. A major fall has been observed under education, sports, art and culture (30 per cent), road transport (38 per cent) and others (62 per cent).

The share of central taxes received amounted to Rs 10,634 crore, with an increase of 3 per cent over 2019-20.

The spokesperson further pointed out that the grants-in-aid (GIA) from the Centre had shown an increase of 65 per cent, with GIA receipts totaling Rs 24,153 crore during 2020-21. The 80 per cent of increase in GIA from Centre (Rs 7,659 crore) can be attributed to the revenue deficit (RD) grant. The state has received Rs 638.25 crore monthly during 2020-21 on account of RD grant as per the recommendations of the 15th Finance Commission.

Revenue Expenditure has increased by 15 per cent from Rs 75,819 crore to Rs 87,096 crore with major increase of 33 per cent (Rs 3,381 crore) in pension and retirement benefits over the 2019-20 fiscal. — TNS