What is Revenue

Revenue

What is 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 from international financial institutions.
 
India’s total revenue in the April-November quarter of FY20 increased 12.9 per cent to Rs 10.12 trillion. It was 8.97 trillion in the same period in FY19.
 
Government revenues averaged Rs 3.09 trillion from 1997 until 2019, touching an all-time high of Rs 16.66 trillion in March 2019.
 

Latest Updates on Revenue

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

2 min read Last Updated :Jan 02 2022 | 4:52 PM IST
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Divergence in revenue estimates due to early Budget or lack of discipline?

4 min read Last Updated :Jun 03 2021 | 5:15 PM IST
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Budget Byte: Will the states finally get their full share of tax revenue?

2 min read Last Updated :Jan 12 2021 | 12:48 PM IST
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Revenue to disinvestment: Govt short of finances as it tries to fix economy

7 min read Last Updated :Sep 10 2020 | 11:33 AM IST
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Fiscal realities: Why govt cannot respond to Covid-19 crisis more fully

4 min read Last Updated :Jul 06 2020 | 7:22 AM IST
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30% tax on non-virginia tobacco can bring Rs 30,000 cr revenue: NHM

2 min read Last Updated :May 18 2020 | 8:53 PM IST
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Shares bought on January 31 cannot be sold on the Budget day. Here's why

3 min read Last Updated :Feb 01 2020 | 8:33 AM IST
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Budgetary over-reach: There is a price for trying to do too much in Budgets

4 min read Last Updated :Jan 25 2020 | 12:02 AM IST
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