Resource detail

This report involves arranging the expenditures and receipts of the Central Government including those of railways and posts by significant economic categories distinguishing current from capital outlays, spending for goods and services from transfers to individuals and institutions, tax receipts from other receipts, and from borrowing and inter-governmental loans and grants etc. Reclassified in this manner, the flows into and out of the Central Government can be related to important categories of transactions influencing the behavior of the other sectors of the economy. Since the national income type of government account is the most prevalent form of an economic classification, the methodology and concepts used in this analysis are those used in the national income accounting system. The Central Government’s development expenditure includes both outlays on gross capital formation and current expenditure on economic and social services. The plan and non-plan expenditures in the Central Budget on economic and social services correspond broadly to the total development expenditure of the Central Government. This is estimated at `6,41,944 crore in 2012-13 (Budget Estimates) and forms 42.9 per cent of the total expenditure.