Total revenue for FY20 was Rs 17.5 trillion, or 90.6 per cent of Revised Estimates of Rs 19.32 trillion, compared with 91.4 per cent for the same period last year. Net tax revenue for FY20 came in at Rs 13.56 trillion, which was 90 per cent of Revised Estimates. Non-tax revenue was Rs 3.26 trillion (94.4 per cent), while non-debt capital receipts were just 84.1 per cent of Revised Estimates, primarily on back of poor divestment receipts.
On the spending front, total expenditure was Rs 26.9 trillion, just short of the revised budget size of Rs 27 trillion. Revenue expenditure of Rs 23.50 trillion was at par with Revised Estimates while capital expenditure just fell short at Rs 3.37 trillion.
The CGA also released fiscal deficit data for April 2020, and it showed a clear contraction in revenue collections compared to April 2019, due to the Covid-19 pandemic and the nationwide lockdown. At Rs 2.8 trillion, fiscal deficit was 35.1 per cent of the FY21 budgeted estimates of Rs 8 trillion, compared with 22.3 per cent for the same period last year.
Net tax revenue for April was Rs 21,412 crore, compared with April 2019 collections of Rs 71,637 crore. Total revenue was Rs 27,183 crore, compared with Rs 94,930 crore for the same period last year. Expenditure for April was Rs 3.07 trillion compared with Rs 2.55 trillion in April 2019.