The debt stock is expected to rise to Rs 4.13 lakh crore in 2017-18 against Rs 3.71 lakh crore in 2016-17, a rise of Rs 41,997 crore while the interest burden may increase to Rs 31,037 crore against Rs 28,830 crore. The revenue deficit is estimated at Rs 4,511 crore while the fiscal deficit at 1.6 per cent of GSDP (base year 2011-12). As per the 2017-18 budgetary estimates, revenue receipts are expected to be Rs 2,43,738 crore, of which tax revenue is Rs 2,20,012 crore.The expected share of taxes levied by the state is 78.3 per cent in total revenue receipts in 2017-18. The expected tax revenue will be Rs 1,90,842 crore and non tax worth Rs 52,896 crore for 2017-18. The tax revenue is expected to increase by 11.6 per cent during 2017-18 over the previous year, the survey said.

Source: dna March 09, 2018 01:20 UTC