Report of the Eighth Finance Commission, 1984

Chapter III: Re-Assessment of the Forecasts of State Governments on Revenue Account
ln order to assess the revenue resources of States on a comparable and uniform basis, State Governments were requested to send their forecasts of revenue receipts and revenue expenditure in the proformae prescribed by the Commission. The forecasts of revenue receipts were required to be based on the levels of taxation likely to prevail at the end of 1983-84. The forecasts of expenditure were, similarly, to be based on the normal level of standing charges on non-Plan account as at the end of 1983-84. i.e., after excluding all provisions for any fresh expenditure during the forecast period.