The Resource Mobilisation Challenge

ITH THE UNION BUDGET be announced shortly, the Finance Minister is faced with the challenge of determining additional avenues for mobilisation of financial resources to support the government’s ambitious infrastructure development and growth targets. Over the past few years, the government has explored various sources of generating revenue to supplement the limited fiscal resources available. Apart from the taxation route, an assessment of non-tax revenues of the government shows a significant rise from 2.7 per cent of GDP in 2014-15 to 5.1 per cent of GDP in 2020-21.