open view news desk
The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2018-19 has been consolidated and reports published. The highlights are given below:-
The Government of India has received Rs.16,66,055 crore (91.40% of corresponding RE 18-19 of Total Receipts) during 2018-19 comprising Rs. 13,16,951 crore Tax Revenue (Net to Centre), Rs.2,46,219 crore of Non Tax Revenue and Rs.1,02,885 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.17,840 crore) and Disinvestment of PSUs (Rs. 85,045 crore).
Rs. 7,61,454 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is Rs. 88,449 crore higher than the previous year.
Total Expenditure incurred by Government of India is Rs.23,11,422 crore (94.07% of corresponding RE 18-19), out of which Rs.20,08,463 crore is on Revenue Account and Rs.3,02,959 crore is on Capital Account. Out of the total Revenue Expenditure, Rs.5,82,675 crore is on account of Interest Payments and Rs.1,97,066 crore is on account of Major Subsidies.
