New Delhi: Government aims to tap various assets to raise an estimated Rs 1.52 lakh crore (over $ 30 billion) in the next fiscal, nearly half of which could come from telecom spectrum sale and disinvestment in PSUs.
The targetted proceeds worth Rs 1,51,717 crore from the government's physical and capital assets would account for more than one-tenth of its total revenue receipts in 2012-13.
This would be much higher than the amount garnered by levying even an increased service tax of 12 per cent during the year.
As per the budget estimates for the fiscal 2012-13, the government is looking to raise Rs 30,000 crore through part-sale of its stake in various public sector companies. Additionally, over Rs 27,000 crore is expected to come through dividend payments from PSUs.
It is also expecting nearly Rs 23,000 crore in form of dividend from RBI and various nationalised banks and financial institutions, taking its total dividend estimate for 2012-13 to over Rs 50,000 crore.
Besides, the government is looking at total proceeds of over Rs 58,000 crore from its various telecom assets, including Rs 40,000 crore from sale of spectrum next year.
From its energy assets also, the government is targetting funds worth over Rs 13,300 crore, most of which would come in form of royalty on offshore petroleaum assets.
In its budget for 2012-13, the government has estimated total receipts of nearly Rs 14.9 lakh crore, out of which about Rs 7.7 lakh crore would come from tax revenues, close to Rs 1.64 lakh crore from non-tax revenues and about Rs 5.55 lakh crore as capital receipts.
The disinvestment proceeds are part of capital receipts, while gains from spectrum sale and other asset-related revenue realisation are part of non-tax revenues.