Data

Budget 2019: How various budget metrics moved in the last 4 years of Modi government

Updated : January 30, 2019 11:54 AM IST

The BJP-led government has managed to keep a check on the deficits since it came to power in May 2014

The revenue from taxes for the fiscal 2018-19 is pegged at Rs 14.8 lakh crores which almost double of Rs 8.15 lakh crores earned from taxes during 2013-14

With just few months left to the Lok Sabha elections, all eyes are on the Narendra Modi government’s last budget of the current term. The interim budget for the fiscal year 2019-20 will be presented by Finance Minister Arun Jaitley on February 1. This will be Jaitley's sixth Budget so far. Here is how various budget metrics moved over the years since the BJP-led government took charge:

The Modi government has managed to keep a check on the deficits since it came to power in May 2014. The revenue deficit for India grew at only 3.1 percent CAGR since 2013-14 to 7.16 lakh crores as estimated in the 2018-19 Union budget. The fiscal deficit grew by just 4.42 percent during the same period and the union government also managed to reduce the fiscal deficit from 4.1 (as % of GDP) during 2014-15 to 3.5 percent during 2017-18 and has targeted the deficit to reduce to 3.3 percent for the fiscal year 2018-19.

The revenue from taxes for the fiscal 2018-19 is pegged at Rs 14.8 lakh crores which almost double of Rs 8.15 lakh crores earned from taxes during 2013-14. The total share of tax revenue in overall receipts also improved from 52.3 percent to 60.63 percent. Whereas, the share of borrowings in total receipts recused massively from 32.25 percent to 25.56 percent during the same period.

The CAPEX grew at a slower pace since 2013-14 till 2018-19. The CAPEX for 2018-19 has estimated at Rs 3 lakh crores, a 9.9 percent annualised growth since 2013-14. The share of CAPEX in overall expenditure remained stagnant from 12.03 percent in 2013-14 to 12.3 percent in 2018-19 budget estimates.