Chandigarh, May 28 -- The Punjab government fell short of its revenue target by about 10% in the 2024-25 financial year.

The state government garnered Rs.93,236 crore from tax and non-tax revenues as well as grants-in-aid against its revenue receipts budget estimate of Rs.103,937 crore for the financial year.

While it achieved 95% of its tax revenue target, which includes goods and services tax, state excise, stamps and registration, sales tax, and state's share of union taxes, actual receipts from non-tax revenues were only 56% of budget estimates for the fiscal year, according to data on fiscal indicators compiled by the audit and accounts department.

The revenue receipts for the 2024-25 financial year were considerably lower than th...