Question
What was the total revenue receipts as per the budget
estimate for the year 2022-23?Solution
The government uses various financial tools to manage its expenses, including direct and indirect taxes, as well as non-tax revenue. In the fiscal year 2022-23, the budget estimates indicate total revenue receipts of ₹51,474.27 crore. This represents a 17.79% increase compared to the revised estimates for the previous year, which were ₹43,701.23 crore. These revenue receipts include money from taxes, non-tax sources, and grants-in-aid received from the central government. These funds are allocated for both administrative and developmental purposes.
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