This was achieved in spite of a higher than budgeted capital expenditure for the year. “Encouragingly, tax inflows and capital spending exceeded the revised estimates, thereby offsetting the anticipated shortfall in non-tax revenue. Higher than estimated capital spending has provided a boost to the quality of expenditure, relative to the revised estimates,” said Aditi Nayar, principal economist with rating agency ICRA.
Total expenditure was Rs 19.75 lakh crore; the budgeted estimate of Rs 20.14 lakh crore. Plan spending was Rs 5.72 lakh crore, compared with estimates of Rs 5.84 lakh crore; non-Plan expenditure was Rs 14.03 lakh crore, as against the budgeted estimate of Rs 14.3 lakh crore.
From this financial year, 2017-18, expenditure will be classified into revenue spending and capital spending. A quick calculation shows that capital spending for 2016-17 was Rs 2.9 lakh crore, as against budgeted estimates of Rs 2.79 lakh crore.
Total receipts for 2016-17 were Rs 13.8 lakh crore, compared with budgeted estimates of Rs 14.8 lakh crore. Tax revenue showed a positive trend, partly due to increased compliance after demonetisation. It was Rs 11.02 lakh crore; the budget estimate was Rs 10.89 lakh crore.
Non-debt capital receipts were boosted by divestment returns, the highest so far in a year.
Total non-debt capital receipts were Rs 63,503 crore, compared with budgeted estimates of Rs 56,571 lakh crore. Non-tax revenue was Rs 2.74 lakh crore; the budget estimate was Rs 3.34 lakh crore.
 "table")