UNION BUDGET 201213

PRANAB MUKERJEE Finance Minister

2012-13 UNION BUDGET OBJECTIVES:
Growth recovery,
Private investment,
Supply bottlenecks,
Governance matter
2012-13 UNION BUDGET @ GLANCE:
Total Revenue & expenditure : Rs.14,90,925 crores;
Expenditure:
Planed
:
Rs.5,21,025 crores;
Non planed
:
Rs. 9,69,900 crores;
Revenues
Revenue Receipts :
Rs. 9,35,685 crores
Capital Receipts
:
Rs. 555241crores;

SOURCES OF REVENUE (%)

corporate tax
direct tax

29

21
custom duty
central excise duty

11

service tax & others

non tax revenue

10

11
7

non debt capital

reciept
loan & others

Tax Structure
slab

Tax@10%

Tax@20%

Tax@30%

Male

200,000

2-5 lakhs

5-10 lakhs

10 lakhs above

Female

200,000

2-5 lakhs

5-10 lakhs

10 lakhs above

Senior

250,000

2.5-5 lakhs

5-10 lakhs

10 lakhs above

Trends of revenue receipt

Year/partic
ulars
2003-04

2004-05

2005-06

2006-07

2007-08

(InRs crores)
2008-09

2009-10

2010-11

2011-12

2012-13

Tax
Revenue

186982

224798

270264

351182

439547

443320

456536

569869

642252

771071

Non Tax
Revenue

76831

81193

76813

83205

102317

96940

116275

218603

124738

164614

Total
Revenue
Receipt

263813

305991

347077

434387

541864

540260

572811

788472

766990

935685

Trend of revenue receipt

1000000
900000
800000
700000
600000
500000
400000
300000
200000
100000
0

2003-04

2004-05

2005-06

2006-07

2007-08

Tax Revenue

2008-09

2009-10

Non Tax Revenue

2010-11

2011-12

2012-13

Tax Revenue

(Rs in crores)

2010-11

2011-12

2012-13

Corporation Tax

298688

327680

373227

Taxes on Income

146587

171879

195786

687

1092

1244

Customs

135813

153000

186694

Union Excise Duties

138299

150696

194350

71016

95000

124000

1982

2317

2310

Wealth Tax

Service Tax
Taxes on Union
Territories

Tax Revenue
400000

350000

300000

373227
327680
298688

250000
195786

200000

194350

186694

171879
153000
135813

146587

150000

150696
138299
124000
95000

100000

71016
50000
1982 2317 2310

687 1092 1244

0
Corporation Tax

Taxes on Income

Wealth Tax
2010-2011

Customs
2011-2012

Union Excise Duties

2012-2013

Service Tax

Taxes on Union
Territories

Non Tax Revenue (Rs in crores)

2010-2011

2011-2012

2012-2013

Interest receipts

19734

20125

19231

Dividend and Profits

47992

50122

50153

2673

3477

2887

147107

49909

91207

1097

1105

1136

External Grants
Other Non Tax
Revenue
Receipts of Union
Territories

Non Tax Revenue

160000

140000

120000

100000
2010-2011
80000

2011-2012

2012-2013
60000

40000

20000

0
Interest receipts

Dividend and Profits

External Grants

Other Non Tax Revenue

Receipts of Union Territories

year

Trends of Capital Receipt

2003-04

2004-05

2005-06

2006-07

(In Rs crores)

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

Internal
debt
markt.
borrowin
gs

88860

46031

95374

110446

131768

233630

398424

325414

Ext.Assist
ance

-13488

14753

7472

8472

9315

11015

11038

23556

10311

10148

Recovery
of loans

67165

62043

10645

5893

5100

6139

8613

12420

14258

11650

-11302

-1302

13256

11233

-10302

1198

4892

5310

5545

5178

3897

8041

16056

12514

10000

12000

436414 479000

Small
savings
State
provident
fund
Special
deposit
dis invest.
In equity
in PSU

110

-5750

487

16953

4424

1581

534

38795

566

24581

22846

15493

30000

Other
item of cr
Total

46841
211333

73580
200391

58445
179549

13959
144482

20405
197978

41774
299863

-18905
453063

-5555
402428

100221 11244
576395 555240

600000

500000

400000
Other item of capital receipt
dis investment in equity in PSU
Special deposit

300000

State provident fund

Small savings
Recovery of loans
200000

External Assistance
Internal debt market borrowings

100000

0
2003-04

-100000

2004-05

2005-06

2006-07

2007-08

2008-09

2009-10

2010-11

2011-12

2012-13

Trend of Revenue & capital Receipts

(In Rs crores)

Year/
particul 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13
ars
*
*
*
*
*
*
*
*
#
**

revenue
receipt 263813 305991 347077 434387 541864 540259 572811 788471 766989 935685

capital
receipt 211333 200391 179549 144482 197978 299863 453063 402428 576395 555240
total

475146 506382 526626 578869 739842 839935 1025883 1190898 1343384 1490713

1000000
935685
900000
788471

800000

766989

700000

600000

576395

572811
541864

540259

500000

555240

453063

434387

402428
400000

347077
305991

300000

299863

263813

211333

200391

200000

197978

179549
144482

100000

0
2003-04 *

2004-05 *

2005-06 *

2006-07 *

2007-08 *

revenue receipt

2008-09 *
capital receipt

2009-10 *

2010-11 *

2011-12 #

2012-13 **

UNION BUDGET 201213

EXPENDITURE
Repayment of
interest, 18
Central plans, 22
Non planned
funds allocation
for state & UT's, 4
Planed funds
allocation for
state & UT's, 7

Defence, 11

Subsidy, 10

States ex &custm
duty, 17
Misc, 11

1%
3%

Chart Title

0%
2% 2%

4%

Social service
28%

8%

oil
transportation
industry & minerals
rural development
economic services

9%

agri & other services

science, tech & enviromnt

communication
20%

23%

general services
irregation & flood control

2001-02

Actual

2002-03

2003-04

Actual

2004-05

Actual

2005-06

Actual

2006-07

Actual

2007-08 2008-09**

Actual

Actual

Actual

2009-10

Actual

2010-11#

Actual

2011-12^

2012-13^

Estimated Estimated

Non-Plan
Expenditure

261259

302708

349088

365406

365485

413527

507589

608721

721096

821552

816182

969900

Plan
Expenditure

101194

111455

122280

132276

140638

169860

205082

275235

303391

395024

441547

521025

Total
Expenditure

362453

414162

471368

497682

506123

583387

712671

883956 1024487 1216576 1257729 1490925

Expenditure trends.
1200000
1000000
800000
600000
400000
200000
0
2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Non-Plan Expenditure

2007-08

2008-09**

Plan Expenditure

2009-10

2010-11#

2011-12^

2012-13^

2001200802
2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 09**

Actual Actual

Actual

Actual

Actual

Actual

Actual

Actual

2009-10

Actual

201011#

2011-12^

2012-13^

Estimate
Actual Estimated d

Non-Plan
Expenditure as
a % of Total
72.08
Expenditure

73.09

74.06

73.42

72.21

70.88

71.22

68.86

70.39 67.53

64.89

65.05

Plan
Expenditure as
a % of Total
27.92
Expenditure

26.91

25.94

26.58

27.79

29.12

28.78

31.14

29.61 32.47

35.11

34.95

Total
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00

0.00
2001-02

2002-03
2003-04
2004-05
2005-06
2006-07
Non-Plan Expenditure as a % of Total Expenditure

2007-08 2008-09** 2009-10

2010-11# 2011-12^
Plan Expenditure as a % of Total Expenditure

2012-13^

Key points..

Provision is for development and strengthening of infrastructure facilities.

Production & distribution of quality fertilizer.

It includes provision for externally aided scheme, Implementation of Global Plan of Action.

Non-Plan Expenditure in the year 2012-13 increased by 371.24 percent as compared to

2001-02.

Plan Expenditure in the year 2012-13 increased by 514.87 percent as compared to 2001-02.

20082001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 09**

Actual

Revenue
Expendit
ure

Actual

Actual

Actual

Actual

Actual

Actual

Actual

Actual

Estimate Estimate
d
d

301468 338713 362074 384329 439376 514609 594433 793798 911809 1053677 1097162 1286109

Capital
Expendit
ure
Total
Expendit
ure

Actual

2009-10 2010-11# 2011-12^ 2012-13^

60842

74535 109129 113923

66362

68778 118238

90158 112678 162899 160567 204816

362310 413248 471203 498252 505738 583387 712671 883956 1024487 1216576 1257729 1490925

Trends of Revenue and Capital Expenditure

1400000

1200000
1000000
800000
600000
400000
200000

0
2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

Revenue Expenditure

2007-08

2008-09**

Capital Expenditure

2009-10

2010-11#

2011-12^

2012-13^

2001-02 2002-03

2003-04

2004-05

2005-06

2006-07

2007-08 2008-09** 2009-10 2010-11# 2011-12^ 2012-13^

Actual Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Actual
Estimated Estimated
Development
al
Expenditure 159364 184197 195428 214955 229060 255718 325670 471399 528242 668277 662256 839416

NonDevelopment
al
Expenditure 215456

242749 243298 262904 290677 341278 400728 428145 514101 567909 622065 651509

374820 426946 438726 477859 519737 596996 726398 899544 1042343 1236186 1284321 1490925

Total

Data is inclusive of commercial and postal departments expenditure.

Development and Non-development Expenditure.

Non-Developmental
Expenditure, 651509

1600000
1400000
1200000

Axis Title

1000000
800000
600000

Developmental Expenditure,
839416

400000
200000
0
2001-02

2002-03

2003-04

2004-05

2005-06

2006-07

2007-08

2008-09**

2009-10

2010-11#

2011-12^

2012-13^

Key points..

The provision is for creating and upgrading infrastructure facilities.

The provision is for purchasing up-grade machinery for industrial development.

The up-grade the strength of defense power.

The provision for generating revenue by Navarathna companies and other revenue
generating schemes and policies.

Revenue Expenditure in the year 2012-13 increased by 426.61 percent as compared to

2001-02.

Capital Expenditure in the year 2012-13 increased by 336.63 percent as compared to 200102

Sectoral Composition of Planned Expenditure against GBS for Central Plan (as % of Total
Expenditure)

Total Expenditure
(Rs. Cr.)

Actuals

Actuals

Revised

Budget

2009-10

2010-11

2011-12

2012-13

218,901

298,612

335,521

521,025

58.57

56.87

54.59

57.58

5.01

4.78

4.37

5.05

17.62

15.44

13.8

13.7

Energy
Industry &
Minerals

4.24

3.46

3.51

3.87

4.4

4.13

4.31

4.56

Transport

20.39

19.47

17.78

18.78

Social Services
Education, Art
and Culture
Health & Family
Welfare
Water Supply,
Sanitation &HUD

40.86

42.67

43.25

45.86

15.14

14.23

14.51

15.98

8.06

6.48

7.17

7.87

10.94

8.49

7.69

8.09

Economic Services
Agri. & Allied
Activities
Rural
Development

2012-13
2011-12
2009-102010-11

60

2012-13

50

2011-12
2010-11

40

2009-10
30

20

10

2011-12
2010-11
2009-10

2012-13

2012-13
2011-12
2010-11
2012-13
2009-10
2012-13
2011-12

2011-12
2010-11
2009-10
2012-13

2011-12

2010-11
2010-11
2009-10
2009-10

2012-13
2011-12
2010-11
2009-10

2012-13

2011-12
2010-11
2009-10

2012-13

2011-12
2010-11
2009-10

2009-10
2010-11
2011-12
2012-13

Key points..

The provision is for developing and servicing economic service is more than any other elase.

i.e., 57.58%.

The total expenditure on development of agriculture is 5.05%.

The total expenditure on Rural Development and Irrigation & Flood Control is 13.7% and
0.7%.

The total expenditure on development of Education, Art and Culture is 15.98%.

The total expenditure on development of Health & Family Welfare and Water Supply,
Sanitation &HUD is 7.87 and 8.09%.

The provision is for developing and servicing Info. & Broadcasting and Welfare of SC/ST/OBC
is 0.29 % and 2.98%

Total planned and non-planned expenditure for last 3 years

2010-2011 2011-2012 2012-2013

Actuals @ Budgeted Budgeted

1. NON-PLAN EXPENDITURE
A. Revenue Expenditure
1 Interest Payments and Prepayment Premium
2 Defence Services
3 Subsidies
4 Grants to State and U.T. Governments
5 Pensions
6 Police
7 Assistance to States from National Calamity Contigency
Response Fund (NDRF)
8 Other General Services (Organs of State, tax collection,
external affairs etc.)
9 Social Services (Education, Health, Broadcasting etc.)
10 Economic Services (Agriculture,Industry, Power,
Science & Technology, etc.)
11 Postal Deficit
12 Expenditure of Union Territories without Legislature
14 Grants to Foreign Governments
Total Revenue Non-Plan Expenditure

234022
92061
173420
49790
57405
27339
4179

267986
95216
143570
66311
54521
30595
4525

319759
113829
190015
64211
63183
35611
4620

16917

18195

21382

35014
28051

20862
25391

20784
24105

6162
3775
2256
726491

5018
3592
2301
733558

5727
3875
3114
865596

B. Capital Expenditure
1 Defence Services
2

Other Non-Plan Capital Outlay

Loans to Public Enterprises

Loans to State and U.T. Governments

Loans to Foreign Governments

Others

Total Capital Non-Plan Expenditure

Total Non-Plan Expenditure

62056
23618
5834
85
...
215
91808
818299

69199
13212
496
85
...
-368
82624
816182

2010-2011
Actuals @
2. PLAN EXPENDITURE
A. Revenue Expenditure
1 Central Plan
2

Central Assistance for

State & Union Territory Plans
State Plans
Union Territory Plans
Total Revenue Plan Expenditure

79579
23971
465
85
550
-346
104304
969900

2011-2012

2012-2013

Budgeted

Budgeted

268287

303528

81778

95317

116985

79457

92168

113170

2321
314232

3149
363604

3815
420513

B. Capital Expenditure
1

Central Plan

53496

67234

87499

Central Assistance for State & Union Territory Plans

11301

10709

13013

State Plans

10291

9067

11079

1010

1642

1934

64797

77943

100512

Total - Plan Expenditure

379029

441547

521025

Total Budget Support for Central Plan

285950

335521

391027

93079

106026

129998

1197328

1257729

1490925

1. Repayment of debt**

147793

104927

124302

2. Total Interest Payments

234022

267986

319759

3. Total Debt Servicing(1+2)

381815

372913

444061

4. Revenue Receipts

788471

789892

935685

5. Percentage of 2 to 4

29.70%

33.90%

34.20%

Union Territory Plans

Total Capital Plan Expenditure

Total Central Assistance for State & UT Plans

TOTAL EXPENDITURE *
DEBT SERVICING

1600000

1400000

1200000

Axis Title

1000000

800000

600000

400000

200000

0
Total
Total
Total
Total
Total
Total
2. PLAN Revenue
Revenue
Capital
Capital
Capital
Non-Plan
Non-Plan Non-Plan
Plan
Plan
Plan
EXPENDIT
Expenditu
URE
Expenditu Expenditu
Expenditu Expenditu Expenditu
re
re
re
re
re
re

Total
Budget
Support
for
Central
Plan

Total
Central
TOTAL
Assistanc
EXPENDIT
e for
URE *
State &
UT Plans

1. NON-PLAN EXPENDITURE
1. NON-PLAN EXPENDITURE 2010-2011 Actuals @

726491

91808

818299

314232

64797

64797

285950

93079

1197328

1. NON-PLAN EXPENDITURE 2011-2012 Budgeted

733558

82624

816182

363604

77943

77943

335521

106026

1257729

1. NON-PLAN EXPENDITURE 2012-2013 Budgeted

865596

104304

969900

420513

100512

100512

391027

129998

1490925

Debt Servicing.

3000000

2500000

Axis Title

2000000

1500000

1000000

500000

0
1. Repayment of debt**

2. Total Interest
Payments

3. Total Debt
Servicing(1+2)

4. Revenue Receipts

2012-2013 Budgeted

124302

319759

444061

935685

2011-2012 Budgeted

104927

267986

372913

789892

2010-2011 Actuals @

147793

234022

381815

788471

Central Plan Outlay by Sectors

Agriculture and Allied Activities

Rural Development*
Irrigation and Flood Control
Energy
Industry and Minerals
Transport** 94205
Communications
Science Technology & Environment
General Economic Services
Social Services***
General Services
GRAND TOTAL

2010-2011
2011-2012
Actuals @
Budgeted
15716
14744
52397
55288
476
565
110977
155495
35951
45214
94205
116861
10336
20256
11921
16186
13681
15802
117296
144816
1360
7230
464316
592457

2012-2013
Budgeted
17692
50729
1275
154842
57227
125357
15411
16592
24777
178906
8701
651509

Central plan Outlay by sector.

200000

180000

160000

140000

Agriculture and Allied Activities

Rural Development*

Axis Title

120000

Irrigation and Flood Control

Energy
Industry and Minerals

100000

Transport** 94205
Communications

80000

Science Technology & Environment

General Economic Services

60000

Social Services***
General Services

40000

20000

0
Actuals @

Budgeted

Budgeted

2010-2011

2011-2012

2012-2013

Impacts of Budget 2012-13

THANK