 "Interim Budget 2019. Piyush Goyal")
The Central government has projected its gross tax revenue to touch 12.2 per cent of gross domestic product (GDP) in the financial year 2021-22 (FY22). But as seen in chart 1, while the Centre had projected tax revenues to touch 12.1 per cent of GDP in FY19, Revised Estimates peg the collections at 11.9 per cent, owing to a shortfall in the goods and service tax (GST) collections.
On the other hand, non-tax revenue, which includes dividend and profits from public sector companies and the Reserve Bank of India as well as the revenue from communication services, is expected to
