Page 49 - economic review

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1.59 The share of Central Transfers in total revenue receipts shows a declining trend in the last few MACRO ECONOMIC PROFILE
years. It was as high as 29.51 per cent in 2007-08 which came down to the level of 23.60 per cent in
2013-14. The central transfers as percentage of GSDP during 2013-14 was 2.8 percent. Out of the
total central transfers of 2013-14, the receipts under share in central taxes and central grants were
` 7468.68 crore and ` 4138.21 crore respectively. In 2013-14 the share of central taxes witnessed
growth rate of 9.18 percent only. The growth rate during 2012-13 was 14.19 percent. The receipt
from central grant in aid showed considerable increase in 2013-14. It increased to 36.96 percent
in 2013-14 against the negative growth rate of 18.54 per cent in 2012-13. The details of Central
Transfers from 2008-09 to 2014-15 BE is given in Table 1.8.

Table 1.8
Central Transfers: 2008-09 to 2014-15 (BE)

(` Crore)

Share in Central Grant-in-aid and other Total Transfers
Taxes & Duties receipts from Centre
for Plan and Non-plan

Year Annual Annual Annual
Growth Growth Growth
Amount Amount Amount
Rate Rate Rate
(%) (%) (%)

2008-09 4275.52 5.52% 2687.19 23.46% 6962.71 11.79%
2009-10 4398.78 2.88% 2233.38 -16.89% 6632.16 -4.75%
2010-11 5141.85 16.89% 2196.62 7338.47 10.65%
2011-12 5990.36 16.50% 3709.22 -1.65% 9699.58 32.17%
2012-13 6840.65 14.19% 3021.53 68.86% 9862.18 1.68%
2013-14 7468.68 9.18% 4138.21 -18.54% 11606.89 17.69%
2014-15 (BE) 9365.36 25.40% 6672.02 36.96% 16037.38 38.17%
61.23%

Source: Finance Department, Govt. of Kerala

1.60 Central Transfers in Kerala and neighboring states during 2013-14 are given in Table 1.9

Table 1.9

Comparative Position of Central Transfers to Neighbouring States -

2013-14 (BE)

(` Crore)

State Share of Grant Total Amount Percentage
Central from Cen-
Taxes
tre

Andhra Pradesh 24131.36 15803.30 39934.66 6.30
Karnataka
Tamil Nadu 15055.99 16428.11 31484.10 4.97
Kerala
All States 17285.66 8463.71 25749.37 4.06

8143.79 6221.42 14365.21 2.27

344065.77 290006.16 634071.93 100.00

Source: State Finances: A Study of Budgets (2013-14) by RBI

Economic Review 2014