Union Budget 2024-25: Eye on non-tax revenues and divestment

CHALLENGES

> Non-tax revenue has grown over time in absolute terms, but less so after adjusting for differences in economic size

> The government has achieved only a third of its target on average since 2018-19, less than half the average of the preceding five years

TAKEAWAYS

> Dividends and profits in non-tax revenues are expected to see an 87 per cent increase to Rs 2.9 trillion from the revised estimates for 2023-24

> The divestment target has been set at Rs 50,000 crore, similar to previous years