Telangana’s fiscal health under strain
Significant
shortfall in revenue receipts, tax collections; borrowings
on the rise
Latest Comptroller and Auditor General report reveals distressing picture
Revenue receipts
for current financial year:
Rs 1.12 lakh cr
This is only 50.76% of Budget estimate of
This is only 62.07% of
Rs 2.22 lakh cr
Rs 1.64 lakh cr target
GST at
Rs 37,664.91 cr,
only 64.28% of target
Stamps and Registration collection: Rs 7,524.42 cr
This is 41.28%
of Budget estimates, much lower than 57.59% last year
Non-tax revenue stands at 15.59% as against 89.14% last year