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Table 1.7

Amount (in Crore)Financial Indicators for State Government

MACRO ECONOMIC PROFILE(` Crore)

Particulars 2004- 2007- 2008- 2009- 2010- 2011- 2012- 2013-14

05 08 09 10 11 12 13 BE

Balance from current Revenue -1496 -2749 -2306 -2155 -910 -4973 -4866 2414.34
(BCR) (` Crore)

Interest Ratio 0.27 0.21 0.19 0.20 0.18 0.17 0.16 0.13

Capital Outlay/ Capital receipts 0.15 0.24 0.27 0.26 0.43 0.31 0.29 0.69

Return of Investment ratio 0.013 0.011 0.012 0.008 0.020 0.016 NA NA

Outstanding Guarantees 0.91 0.39 0.31 0.29 0.24 0.22 NA NA
(including interest)/Revenue
Receipts

Assets/ Liabilities 0.40 0.40 0.40 0.40 0.40 0.40 NA NA

Revenue Receipts Source: Finance Department, Govt. of Kerala

NA : Not Available

1.50 The revenue receipts consist of State’s own tax and non-tax revenues, share of central taxes
and grants-in-aid from Centre. The total revenue collection during 2013-14 was ` 49176.94 crore.
The revenue receipts of the State in proportion to GSDP decreased marginally to 12.20 per cent in
2013-14 from 12.63 per cent in 2012-13. Growth rate of revenue receipts also showed a downward
trend in 2013-14 with a decrease to 11.42 per cent from 16.12 percent in 2012-13 and 22.65 percent
in 2011-12. The buoyancy of the revenue receipts was widely impacted by the sluggishness in public
consumption and weakening of core sectors like construction sector, real estates and automobiles,
as the recovery of the State economy from the recent slowdown is still not encouraging. The trend in
Revenue Receipts from 2008-09 to 2014-15 BE is given in Fig. 1.8

Fig 1.8
Trends in Revenue Receipts

Revenue Receipt

70000
60000
50000
40000
30000
20000
10000

0

Year

1.51 State’s own taxes are the main source of revenue receipts of the State. In 2013-14 contribution
from State’s own taxes was ` 31995.01 crore (65.06%). Contributions from the share of central
taxes was ` 7468.68 crore (15.19%). State’s own non-tax revenue in 2013-14 was ` 5575.03 crore
(11.34%) and Grants in aid received from Centre was ` 4138.21 crore (8.41%).

Economic Review 2014