The Punjab government, led by Chief Minister Bhagwant Mann, has reported a significant improvement in the state’s revenue collection over the past four years. According to the government, Punjab has now been placed among the top three states in the country in terms of revenue performance, reflecting stronger financial management and improved tax collection systems.
Bhagwant Mann: Steady Growth in Tax Revenue
As per official figures, Punjab recorded tax revenue of ₹57,919 crore in the financial year 2024–25. The state government says this marks a notable increase compared to previous years. Officials attribute the growth to administrative reforms, improved compliance, and the expansion of digital tax monitoring systems.
Major Rise in GST Collection
Over the past 46 months, Punjab has also witnessed a substantial increase in Goods and Services Tax (GST) collection. During this period, the state recorded total GST receipts of around ₹83,739 crore. Authorities say strict monitoring and action against fake billing and tax evasion have contributed to the rise in GST revenue.
Crackdown on Tax Evasion
The government has launched several drives to curb tax evasion and strengthen revenue enforcement. Digital tracking mechanisms and improved data analysis have helped officials identify irregularities in commercial transactions. These measures, according to the government, have helped plug revenue leakages and boost collections.
Higher Revenue Supporting Development
The increase in revenue is expected to support the state’s spending on key sectors such as healthcare, education, and infrastructure. Officials say that the improved financial position allows the government to allocate more funds for welfare schemes and development projects across Punjab.
Government Credits Administrative Reforms
Leaders from the Aam Aadmi Party say the improved revenue performance is the result of financial reforms and transparent governance introduced during the past four years. The government maintains that continued monitoring and policy measures will help sustain revenue growth in the coming years.
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