RAS question
Revenue receipts 2023-24:
Correct answer: (B) ₹2,03,276 crore.
Rajasthan's revenue receipts in 2023-24 were ₹2,03,276 crore, up 4.25 per cent over the previous year.
Explanation
The Economic Review 2024-25 gives Rajasthan's revenue receipts for 2023-24 as ₹2,03,276 crore. The official 2023-24 revenue-receipts figure is therefore ₹2,03,276 crore. Rajasthan's revenue receipts in the previous year were ₹1,94,988 crore, and the 2023-24 growth rate was 4.25 per cent. During 2023-24, revenue receipts increased by 4.25 per cent over the previous year. For RAS, the amount and the growth rate must be read together, because revenue receipts measure the State's revenue capacity, not only a standalone budget number.
Why the other options are wrong
- (A) ₹1,00,000 crore is far below the official 2023-24 revenue-receipts figure of ₹2,03,276 crore.
- (C) ₹2,50,000 crore overstates the official 2023-24 revenue receipts recorded in the Economic Review.
- (D) ₹1,50,000 crore is below the Economic Review figure of ₹2,03,276 crore for 2023-24.
Concept
Rajasthan public finance includes the revenue side of the State budget. Revenue receipts recur in RAS because they indicate how much of State expenditure can be supported without relying on capital receipts or borrowings.