Post sponsored by NewzEngine.com

Source: Government of India

The Monthly Account of the Union Government of India upto the month of August 2019 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs.6,21,461 crore (29.84% of corresponding  BE 19-20 of Total Receipts) upto August 2019 comprising  Rs. 4,04,580 crore Tax Revenue (Net to Centre),  Rs. 1,98,621 crore of  Non Tax Revenue and Rs.18,260 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs. 5,902 crore) and Disinvestment Proceeds (Rs. 12,358 crore).

Rs.2,55,605 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 11,697 crore lower than the previous year.

Total Expenditure incurred by Government of India is Rs.11,75,301 crore (42.2% of corresponding BE 19-20), out of which Rs.10,39,125 crore  is on Revenue Account and Rs.1,36,176 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.2,19,026 crore is on account of Interest Payments and Rs.1,89,527 crore is on account of Major Subsidies. 

RM/KMN

MIL OSI Asia Pacific News