Last Updated: 1 July 2024
Punjab Revenue Growth[1]
-- Congress (2017-2022): 6.1% only
-- Akali+BJP (2012-2027): 8% only
AAP Govt added 13.31% annual growth(2022-24) in Punjab Revenue[2]
| Type | 2012-2017(Akali + BJP) | 2017-2022(Congress) | 2022 - 2024(AAP) |
|---|---|---|---|
| VAT/ GST collection | 9.5%[3] | 5.4%[3:1] | 16%[2:1] |
| Excise | 9.8%[3:2] | 6.9%[3:3] | 22.45%[2:2] |
| Stamp & registration | -7.9%[3:4] | 10.1%[3:5] | 14.79%[2:3] |
| Tax on vehicles | 12.7%[3:6] | 8.8%[3:7] | 11.59%[2:4] |
| Total Non-Tax Revenue | 33.2%[3:8] | -4%[3:9] | 21.19%[2:5] |
| Total Own Tax Revenue | 8%[3:10] | 6.1%[3:11] | 13.31%[2:6] |
| Type | Before AAP(2021-22) | 2022-23 Growth(Amount) | 2023-24 Growth(Amount) | 2 Year Average (CAGR) |
|---|---|---|---|---|
| VAT/ GST collection (Bumper GST amid Reforms) | ₹15,542 Cr[3:12] | 16.6% (₹18,128 Cr)[3:13] | - | 16%[2:7] |
| Excise Excise Reforms | ₹6,157 Cr[3:14] | 37% (₹8,437 Cr)[3:15] | - | 22.45%[2:8] |
| Stamp & registration | ₹3,308 Cr[3:16] | 27.8% (₹4,227 Cr)[3:17] | - | 14.79%[2:9] |
| Tax on vehicles | ₹2,359 Cr[3:18] | 13.3% (₹2,674 Cr)[3:19] | - | 11.59%[2:10] |
| Total Non-Tax Revenue | ₹4,784 Cr[3:20] | 30.3% (₹6,232 Cr)[3:21] | - | 21.19%[2:11] |
| Total Own Tax Revenue | ₹37,327 Cr[3:22] | 13.2% (₹42,243 Cr)[3:23] | - | 13.31%[2:12] |
References:
