Question
Write a note on budget of a state government in India
| Income $($Credit$)$ | Expenditure $($Debit$)$ |
| $(1)$ According to reference of finance commission, the share of tax income from the center. | Developmental : $(1)$ Social service like Education, Health Nutrition. Information technology, Welfare of Backward, Class, Water supply and soon. |
| $(2)$ Mainly the following tax revenue is collected by the State $(A)$. Land Revenue, $(B)$. Stamp Duty $(C)$. Tax on Agricultural income $(D)$. State excise duties $(E)$ Sales tax – value $(F)$ Vehicles tax $(G)$Tax on Electricity $(H)$ Entertainment Tax $(I)$ Land and House Tax $(J)$ Other Taxes | $(2)$ Economic Services like Agriculture, Rural Development, Irrigation Industries, Science, Technology communication and so on. |
| $(3)$ Other Income like Grant-in Aid, Donation, Gifts. | Non Developmental : $(3)$ General service like Administrative services, Pension and retirement benefits, Financial services. Types of Expense. |
| $(4)$ Other expenses includes grant given to local self government institution. |
| Income $(Credit)$ | Expenditure $(Debit)$ |
| $(1)$ Public Debt $A.$ State Government Internal Debt. $B.$ Loans and advance from the central government $C.$ Advances receives from Center for projects. | $(1)$ Developmental : $A.$ Expense done behind capital investment for Social Service. $B.$ Capital Expense done behind Economic Services |
| $(2)$ Recovery of Loans and Advances of others. | $(2)$ Non Development : $A. $Capital Expenditure on General Services and Administration. $B.$ Repayment of Public Debt. $C. $ Other expenditure, load and advance given to local self government institution. |
| $(3)$ Other Capital income E.g. Capital Income Earned from Disinvestment. |
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