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Dip in tax revenue from revised estimate sharpest in 15 yearsBut if the gaps from revised estimates or REs (made towards the end of the year) and the actual numbers are too wide, the sanctity of the estimates comes into question.

It’s not uncommon for the actual budget numbers to be a bit different from estimates made at the beginning of the financial year (BEs).

But if the gaps from revised estimates or REs (made towards the end of the year) and the actual numbers are too wide, the sanctity of the estimates comes into question.

The Centre’s gross tax revenue in FY19 was only 92.5% of the revised estimate — the sharpest slide at least since UPA-1.

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