Karnataka revenue receipts could exceed estimates by Rs 800 cr

Written by: Pti
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Bangalore, Jan 12 (PTI) The Karnataka government todaysaid it anticipated that the total revenue receipts could bemore than Rs 800 crore over the budget estimates of Rs66,250.49 crore for the year 2010-11.

This aspect has been made out in the Mid-Term Review ofstate finances for the year 2010-11 presented to the Assemblyby Chief Minister B S Yeddyurappa, who is also in-charge offinance department.

The total revenue receipts of the state at the end ofSeptember 2010 were Rs 25,326.79 crore including the state''sown tax revenue of Rs 17,873.97 crore and the share of CentralTaxes of Rs 3,882.90 crore, which amounted to 47 per cent ofthe budgeted revenue receipts for the year, the report noted.

On projecting the state''s own tax revenues based onreceipts during the first six months of the year for the fullyear, there is likely to be an excess realisation incommercial taxes to the extent of Rs 500 crore, motor vehiclesRs 200 crore and excise revenue of Rs 300 crore as compared tothe budget estimates of 2010-11, it said.

However, a shortfall of Rs 200 crore in the realisationof stamps and registration fee is expected for the year.

The total expenditure (excluding loan repayment) as atthe end of September 2010 is of the order of Rs 26,269.15crore, including a revenue expenditure of Rs 22,110.73 croreand capital expenditure of Rs 4,158.42 crore.

The report said its commitments on expenditure waslikely to be increased by approximately Rs 1,500 crore thisyear as a result of a greater than anticipated increase in thenumber of beneficiaries for schemes like food subsidy, socialsecurity pensions, ''Bhagyalakshmi'', provision of bicycle tostudents, incentive to milk producers and subsidy forconcessional loans to farmers.

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