Ajay Jaiswal, Lucknow. Without imposing any new tax burden on the people of the state, the state government will have to spend more on salaries and pensions of officers and employees than what it will earn from GST (Goods and Services Tax), VAT and liquor in the next financial year 2026-27.
The government is expected to get a total of Rs 3.34 lakh crore from its own tax revenue in the next financial year. Out of this, Rs 2.69 lakh crore is expected to come to the treasury only in the form of GST-VAT and excise duty, whereas the government will need Rs 2.85 lakh crore to distribute salaries and pensions.
The share of tax revenue is estimated at Rs 6.03 lakh crore out of the total revenue of Rs 7.29 lakh crore that the state government will receive in the next financial year. Of this, Rs 2.69 lakh crore is the state's share in central taxes.
It is estimated to get Rs 3.34 lakh crore from own tax revenue (about Rs 39 thousand crore more than the current financial year).
The maximum share of 39.43 percent of the funds received by the government through various means is from its own tax revenue. Own tax revenue includes GST-VAT, stamp and registration duty, excise, VAT, vehicle duty, electricity bill and land revenue. Among its own tax revenues, the government gets maximum revenue from GST-VAT. In view of the boom in the economic and business activities of the state, the government has estimated to earn about Rs 1.5 lakh crore from GST (44.83 percent of the government's own tax revenue) and Rs 48 thousand crore (14.38 percent) from VAT in the next financial year.
If the Central Government does not increase the GST rates on various items and the State Government does not increase the VAT rates on petrol, diesel etc., then the government is expected to get Rs 1.98 lakh crore (59.21 percent of its own tax revenue) from these two taxes in the exchequer.
The government is expected to get 13.01 percent tax revenue from its own tax revenue in the form of stamp duty and registration fee on registration of properties etc. and 4.73 percent tax revenue in the form of conveyance fee from registration of vehicles etc.
It is worth noting that in the next financial year, Rs 1.83 lakh crore (27.5 percent) of the government's expenditure (revenue expenditure) is expected to be spent on the payment of salaries and Rs 1.02 lakh crore (15.3 percent) on pensions.
Increasing salary-pension expenditure (in crores of rupees)
Tax revenue in financial year 2026-27
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