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What is Revenue

Revenue

About Revenue

What is Revenue

Government revenue refers to all the income of the government from taxes and non-tax sources. These funds are used for government expenditure. Government revenues and spending are an important part of fiscal policy of the government.
 
Revenue refers to all the receipts of the government from taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid.
 
Revenue is generated from mainly two types of sources:
 
Tax revenue: Taxes on incomes of individuals and corporations and also on the goods and services produced.
 
Non-tax revenue: Dividends from state-run companies, central bank revenue and capital receipts in the form of external loans and debts
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Latest Updates on Revenue

UP govt hikes excise revenue target for FY23 to Rs 41,000 crore

New state excise policy aims to weed out liquor cartels

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Updated On : 02 Jan 2022 | 4:52 PM IST

Divergence in revenue estimates due to early Budget or lack of discipline?

Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides fiscal cushion, but also raises several questions

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Updated On : 03 Jun 2021 | 5:15 PM IST

Budget Byte: Will the states finally get their full share of tax revenue?

The report of 15th Finance Commission, which will be released along with the Budget, will pave way for tax revenue sharing in coming years

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Updated On : 12 Jan 2021 | 12:48 PM IST

Revenue to disinvestment: Govt short of finances as it tries to fix economy

The govt's net revenue in the April-July period of 2020 contracted 42%, as its overall expenditure growth was kept at 11%. A K Bhattacharya explains the government's challenges in fixing the economy

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Updated On : 10 Sep 2020 | 11:33 AM IST

Fiscal realities: Why govt cannot respond to Covid-19 crisis more fully

The problem is on both revenue and expenditure sides - the former is shrinking in relation to GDP, and the latter is rising despite a sharp drop in petroleum-related subsidy bills - writes T N Ninan

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Updated On : 06 Jul 2020 | 7:22 AM IST
Updated On : 18 May 2020 | 8:53 PM IST

Shares bought on January 31 cannot be sold on the Budget day. Here's why

NSE, BSE to conduct a special trading session on February 1; settlement of trades on February 4

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Updated On : 01 Feb 2020 | 8:33 AM IST

Budgetary over-reach: There is a price for trying to do too much in Budgets

The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan

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Updated On : 25 Jan 2020 | 12:02 AM IST