Tag: Tax Revenue

Government of India monthly review of accounts for the May 2021 published

The Monthly Account of the Union Government of India upto the month of May 2021 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs.3,54,787 crore (17.95% of corresponding BE 21-22 of Total Receipts) for May 2021 comprising Rs. 2,33,565 crore Tax Revenue (Net to Centre),  Rs. 1,16,412 crore of Non Tax Revenue and Rs.4,810 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consist of Recovery of Loans Rs 815 crore and Disinvestment Proceeds of Rs 3,995 crore.

Rs.78,349 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 13,728 crore lower than the previous year. Total Expenditure incurred by Government of India is Rs.4,77,961 crore (13.72% of corresponding BE 21-22), out of which Rs.4,15,000 crore  is on Revenue Account and Rs.62,961 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.88,573 crore is on account of Interest Payments and Rs.62,664 crore is on account of Major Subsidies.

Unaudited Accounts of the Union Government of India for the Financial Year 2020-21published

The Unaudited Accounts of the Union Government of India for the Financial Year 2020-21 has been consolidated and reports published. As per the PIB press release following are the highlights of the accounts:

  1. Receipts:- The Government of India has received Rs. 16,89,720 crore (105.50% of corresponding RE 20-21 of Total Receipts) during 2020-21 comprising Rs 14,24,035 crore Tax Revenue (Net to Centre), Rs. 2,08,059 crore of Non Tax Revenue and Rs. 57,626 crore of Non Debt Capital Receipts. Non Debt Capital Receipts of Rs. 57, 626 crore consist of Recovery of Loans (Rs. 19,729 crore) and Disinvestment Proceeds (Rs. 37,897 crore).
  2. Transferred to State Government:- Rs. 5,94,997 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 55,680 crore lower than the previous year.
  3. Expenditure:- Total Expenditure incurred by Government of India is Rs. 35,11,181 crore (101.76% of corresponding RE 20-21), out of which Rs. 30,86,360 crore  is on Revenue Account and Rs 4,24,821 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 6,82,079 crore is on account of Interest Payments and Rs 6,89,545 crore is on account of Major Subsidies.