The total revenues stood at 12.7 percent of GDP, out of which the share of tax revenue stood at 11.6 percent and non-tax revenues
According to the treasury, the non-tax revenue
growth last month was propelled by higher dividends from government-owned and controlled corporations, wherein the Philippine Amusement and Gaming Corp.
generated by the Treasury climbed 61.3 percent to P51.8 billion, which it attributed to 'higher dividends on shares of stocks' that increased 89.5 percent year-on-year to P30.8 billion, of which P16.2 billion or over half came from the state-run Philippine Amusement and Gaming Corp.
The target for provincial receipts for FY20 was Rs121.5bn compared to Rs103.2bn last year while the estimated revised target for FY19 was Rs101.5bn.The provincial non-tax revenue
target was also set higher at Rs22.1bn compared to revised estimate of Rs19.2bn in FY19.
Decelerated performance of total revenues is primarily due to marginal growth of 2.8 percent in tax revenues and negative growth of 16.7 percent in non-tax revenues
, according to Pakistan Economic Survey 2018-19 launched here by Advisor to Prime Minister, Dr Abdul Hafeez Shaikh.
declined by 16.7pc during Jul-Mar FY2019 to Rs421.6 billion from Rs506.2 billion.
On the other hand, the non-tax revenues
included Rs356,305 million federal and Rs65,300 provincial, the data revealed.
The rise in domestic revenues was due to a JD25.9 million increase in non-tax revenues
and JD9.1 million in tax revenues, the revealed.
At the same time, non-tax revenues
grew by 150 percent, from 0.7 billion dinars to 1.7 billion dinars, during the period July 2017-July 2018, thanks mainly to the increase in the income from the holdings of public companies (611 million dinars-MD in July 2018 against 18 MD in 2017), revenue from gas pipeline royalties channeling Algerian gas to Italy, via Tunisia (265 MD against 147 MD), and other non-tax revenue
(464 MD vs.
Total revenues with non-tax revenues
of 75.3 billion rupees (up 32 percent) grew 5 percent to 920.8 billion rupees, and current spending of 995.6 billion generated a revenue deficit of 74.8 billion rupees, for the half year, up from 42 billion rupees a year earlier.
ISLAMABAD -- The non-tax revenues
of the federal government were recorded at Rs 630, 378 million during the fiscal year 2017-18, according to the data of Finance Ministry.
Meanwhile, non-tax revenues
and revenues from the sale of fixed capital totaled 150.6 billion tenge (2.9 percent of all revenues).