amaravati after recovering from the covid19 shocker the state has improved its tax revenues in the last fiscal as per the latest report released by the rbi the state reported a healthy growth rate of over 5060 per cent in both states own tax revenues and nontax revenues interestingly the states own tax revenues soared by nearly 100 per cent since the bifurcation of the state the state own tax revenues stood at 42168 crore in the first year of the bifurcation 201415 however the tax revenues witnessed a drop by next year as the systems were not completely settled in the new state the revenues dipped to 39907 crore in 201516 however the tax revenue started picking up from 201617 when state pooled up 44181 crore however these revenues were not found sufficient to handle the expenditure of various welfare schemes and proposed capital city projects with poor planning and misplaced priorities the state started dipping into debt trap the states own tax revenues never matched the requirements of the state as it had invested huge amounts on unscientifically designed projects though the states own tax revenues moved upward in the consecutive years they were never on the expected path the tax revenues which were around 52000 crore in 201718 reported just around 10 per cent growth rate by 201819 the state mopped up around 58677 crore in 201819 in the penultimate year of tdp regime however the covid19 severely impacted the revenues of the state in two successive years 201920 and 202021 in fact the drop in the revenues were not too much in the state as it managed to wade through the big crisis of lockdowns and complete halt to the business outlets and manufacturing units the state had pooled up around 57601 crore in 201920 and 57359 crore in 202021 the state witnessed a slight fall in the tax revenues in two successive years only due to the covid19 chief minister ys jagan mohan reddy is courageous as he went ahead with the implementation of welfare schemes and saved millions of lives during the covid19 despite serious dip in the tax revenues said a senior official in the finance department he explained that the tax revenues jumped by nearly 60 per cent in 202122 which shows the success of the chief ministers strategy in keeping the monies in the pockets of the poor interestingly the budget estimates put the states own tax revenues at 85265 crore which is a whopping jump from the previous year in fact it is nearly 100 per cent jump from 201415 the first year of bifurcation