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Budget highlights: Annual Central Government revenue and expenditure

The Budget 2012-13 envisions total tax income in excess of Rs 10.7 lakh crore, while expenditure of more than Rs 14.9 lakh crore.

 Gross Tax Receipts estimated at `10,77,612 crore.

 Net Tax to Centre estimated at `7,71,071 crore.

 Non-tax Revenue Receipts estimated at `1,64,614 crore.

 Non-debt Capital Receipts estimated at `41,650 crore.

 Temporary arrangement to use disinvestment proceeds for capital expenditure in social sector schemes extended for one more year.

 Total expenditure for 2012-13 budgeted at `14,90,925 crore.

 Plan expenditure for 2012-13 at `5,21,025 crore is 18 per cent higher than Budget Estimate 2011-12. This is higher than 15 per cent projected in Approach to the Twelfth Plan.

 99 per cent of the total plan outlay met in the Eleventh Plan.

 Non-plan expenditure estimated at `9,69,900 crore.

 `3,65,216 crore estimated to be transferred to States including direct transfers to States and district level implementing agencies.

 Entire amount of subsidy is given in cash and not as bonds in lieu of subsidies.

 Fiscal deficit at 5.9 per cent of GDP in RE 2011-12.

 Fiscal deficit at 5.1 per cent of GDP in BE 2012-13.

 Net market borrowing required to finance the deficit to be `4.79 lakh crore in 2012-13.

 Central Government debt at 45.5 per cent of GDP in 2012-13 as compared to Thirteenth Finance Commission target of 50.5 per cent.

 Effective Revenue Deficit to be 1.8 per cent of GDP in 2012-13.

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