Budget 2023: Lower interest, dividend income in FY23

Both interest receipts and dividends, and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively. As a result, the non-tax revenue is projected to fall by 14% over the revised estimates of FY22.

Dividends and profits from public sector enterprises also include a surplus of the Reserve Bank of India (RBI) that is transferred to the government.