FINANCE
133
Since 1900-01 the budget estimates have been prepared on the basis of an exchange rate of 1*. id. for the rupee.
The following table shows the items of revenue and expenditure for 1919-20 (revised estimate) and 1920-21 (budget estimate) j —
Revtnue
Expenditure
Heads of Revenue
1919-20
1920-1921
Heads of
1919-20
1920-21
Expenditure
£
£
£
£
Land revenue
22,090,800
23,797,800
Refunds, "|
Opium
2,990,Su0
2,942,000
compensa- .-
2,705.600
2,346,000
Salt .
3,764,000
4,488,400
tious, £c. J
Stamps
7,223,100
7,607,500
Charges of col- 1 lection . /
9,457,200
11,344,100
Excise
12,752,300
13,674,000
Provincial rates.
36,100
37,400
Interest
8,934,200
8,192,500
Customs .
14,919,600
17,009,700
Posts and Tele- \ graphs . J
4,725,300
6,073,500
Income tax
15,771,000
11,390,400
Forests
3,659,800
7J.900
Mint .
356,200
258,200
Registration
723,800
746. '200
Civil salaries, 4c.
25,845,000
2S,29 r .,000
Tribute
026,000
610,300
Miscel. Civil > charges . ]
6,498,200
8,0H.70t
Interest
4,380,100
4,051,000
Posts and Tele-
Famine relief \
graphs
5,996,800
6,184,200
and insur- .-
1,248,100
1,000,000
Mint .
1,609,700
679,500
ance J
Civil depart-
Railways : Inter \ est and miscel-. laneous ch'ges '
ments
2,157,400
•2,079,500
14,590,200
15,284,100
Miscellaneous .
1,862,800
0,27o,800
Railways : Net
Irrigation .
4,231,200
4,390,400
Receipts
21,377,300
21,60S,700
Other public 1 works. j
6,909,000
9,104,100
Irrigation .
5,843,600
5,945,200
Other public
Military services
60,091,000
41,519,500
works Military receipts
363 J00
371,300
1. 19,500
7,14l|o00
Total .
145,591,800
136,422,100
Add- Allotments'* to Provincial. Gvts. unspentj
757,300
Deduct— Portion
of Provin. Ex-
penditure de-
frayed from
705,000
4,111,000
Provincial bal-
ances Total expenditure]
Total revenue .
135,570,000
134,325,900
charged against revenue - J
145,614,100
132,311,100
In addition to the above, there is an estimated capital expenditure on State railways and irrigation works in 1919-2') of 9,336, OiOl., tnd 333.SO0/. initial expenditure on the new capital at Delhi. The estimated amounts in 1920-21 are 13,S52,lo0f. and 735.S001. respec- tively. There was also a capital charge of 100, 000,UO0J. in 1917-18, representing India's financial contribution to the war, which was met partly by making over to the British Government the proceeds of the Indian war loans raised in 1917 and 1918, and partly by taking over a portion of the British Government's war debt.
The following table shows the receipts from the most important sources of revenue in recent years.
