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    Budget Analysis

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    Saurabh G
    The document provides a comparative analysis of India's Union Budgets for 2006-2007 and 2007-2008. Some key points: - GDP was estimated at Rs. 46,93,602 crore for 2006-07 and Rs. 45,04,210 crore for 2007-08. - Revenue receipts came primarily from taxes like income tax, customs, and service tax. Expenditure was highest on sectors like agriculture, energy, and communications. - The budgets aimed to boost key industries and sectors through increased allocation. For example, agriculture received Rs. 7391 crore in 2006-07 and Rs. 8558 crore in 2007-08. - FDI reached $23 billion in

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    Budget Analysis

    Uploaded by

    Saurabh G
    192 views27 pages
    The document provides a comparative analysis of India's Union Budgets for 2006-2007 and 2007-2008. Some key points: - GDP was estimated at Rs. 46,93,602 crore for 2006-07 and Rs. 45,04,210 crore for 2007-08. - Revenue receipts came primarily from taxes like income tax, customs, and service tax. Expenditure was highest on sectors like agriculture, energy, and communications. - The budgets aimed to boost key industries and sectors through increased allocation. For example, agriculture received Rs. 7391 crore in 2006-07 and Rs. 8558 crore in 2007-08. - FDI reached $23 billion in

    Original Description:

    This gives us the analysis of two previous budgets presented at the centre.

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    The document provides a comparative analysis of India's Union Budgets for 2006-2007 and 2007-2008. Some key points: - GDP was estimated at Rs. 46,93,602 crore for 2006-07 and Rs. 45,04,210 crore for 2007-08. - Revenue receipts came primarily from taxes like income tax, customs, and service tax. Expenditure was highest on sectors like agriculture, energy, and communications. - The budgets aimed to boost key industries and sectors through increased allocation. For example, agriculture received Rs. 7391 crore in 2006-07 and Rs. 8558 crore in 2007-08. - FDI reached $23 billion in

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    192 views27 pages

    Budget Analysis

    Uploaded by

    Saurabh G
    The document provides a comparative analysis of India's Union Budgets for 2006-2007 and 2007-2008. Some key points: - GDP was estimated at Rs. 46,93,602 crore for 2006-07 and Rs. 45,04,210 crore for 2007-08. - Revenue receipts came primarily from taxes like income tax, customs, and service tax. Expenditure was highest on sectors like agriculture, energy, and communications. - The budgets aimed to boost key industries and sectors through increased allocation. For example, agriculture received Rs. 7391 crore in 2006-07 and Rs. 8558 crore in 2007-08. - FDI reached $23 billion in

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 27

    BUDGET ANALYSIS FOR THE LAST TW

    YEARS
    2006-07 and 2007-08
    BUDGET

    • A budget is a plan to achieve a given objective


    or objectives

    • Budgets are detailed quantified financial plans


    of action for a specific period in the future

    • A budget is an expression of an organisation’s


    strategy in financial terms
    SIGNIFICANCE OF BUDGET

    • Controls your money


    • What you are
    spending
    • Where you are
    spending
    • Frees up money for
    you
    • Helps you get out of
    debt
    • Improves the quality
    of life
    UNION BUDGET

    The Union Budget is:

    •Not just an annual statement of receipts and


    expenditures
    •It is an instrument for fulfilling the obligations
    of the state
    •A political statement of the priorities set by
    government in resource allocation.
    UNION BUDGET
    INCLUDES

    •The expenditure & revenue of every year


    •Capital receipts from within India or from
    foreign governments & multilateral
    organizations
    •Plan and non-plan expenditure
    •Policy announcements
    •Short-term and long-term effects on finances
    (Taxes)
    Receipts

    Revenue
    Receipt Capital Receipts

    Market Loans, Long Term


    Corporation Tax, Income Tax,
    Borrowings
    Wealth Tax, Customs, Service Tax
    State Provident Funds
    BUDGET FORMULATION IN
    INDIA
    •In India, the Budget is presented in Parliament on
    a date fixed by the President.

    •Part A of Budget deals with general economic


    survey of the country while Part B relates to
    taxation proposals.

    •The finance minister is required to submit the


    Budget in Parliament usually on the last day of
    February so that the Lok Sabha has one month to
    review and modify the Budget proposals.

    •If by April 1, the beginning of the country's fiscal


    year, the parliamentary discussion on the Budget
    is completed, then only the Budget as proposed by
    BUDGET 2006-2007 & BUDGET
    2007-2008

    A COMPARITIVE ANALYSIS
    BIRD’S EYE VIEW

    •Finance minister P. Chidambram


    • GDP Estimation for 2006-07 –
    Rs.46,93,602 cr.
    • GDP Estimation for 2007-08 – Rs.
    45,04,210 cr.
    REVENUE &
    EXPENDITURE
    REVENUE BREAK- UP
    REVENUE BREAK- UP
    EXPENDITURE BREAK- UP
    EXPENDITURE BREAK- UP
    GDP Of INDIA
    India's GDP at Constant Prices: 2002–08
    1200

    1000
    USD Billion

    800

    600
    1068
    400 838
    737
    556 638 188
    200 469

    0
    2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 Apr-J un
    08
    SECTORAL BREAK- UP
    Growth in sectors at Constant Prices (2007–
    08):
    1,200
    Industry: 10.8%
    Services: 8.5%
    Agriculture: 4.5%
    1,000

    800 564
    USD Billion

    600 439
    398
    400
    237 314
    191 245
    204
    200 125
    103
    135 154 190
    105 105
    0
    1999–00 2002–03 2005–06 2006–07 2007–08
    Agriculture Indus try Services
    BUDGET &
    INDUSTRY
    AGRICULTURE SECTOR
    • In 2006-07,Rs 7391 cr was given to
    agriculture sector which was 0.18% of GDP
    • In 2007-08Rs 8558 cr was given to this
    sector which was 0.19%of GDP.
    ENERGY SECTOR
    • Rs 68825 Cr in 2006-07 was
    allocated to this sector which
    comprises of 1.69% of GDP
    • 79158 Cr was given to this sector in
    2007-08 which is 1.73% of GDP.
    COMMUNICATIONS
    • Rs 25812 cr which is .56% of GDP for
    2007-08 was allocated to
    communications
    • In 2006-07 RS 17851 cr which is
    0.43 % of GDP was allocated.
    REFORMS
    EXPENDITURE ON HEALTH

    Total

    30
    25
    20
    Percentage 15
    Total
    10
    5
    0
    2003-04 2004-05 2005-06 2006-07 2007-08
    Expenditure on health
    EXPENDITURE ON
    EDUCATION
    TAXES….
    REVENUE FROM
    TAXES
    FDI
    • The FDI in 2006-07 reached US $ 23 billion
    and crossed US $ 11.2billion in the first six
    months of 2007-08

    • Mauritius (44.24 %), US (9.37%), the UK


    (7.98 %) and the Netherlands (5.81
    %)25 are the main source countries for FDI
    to India
    THANKS !!!

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