News Bureau

 
July 11, 2018

GoI receives 7.01% more in May YoY

Monthly Review of the Account of the Union Government of India up to the month of May 2018 for the Financial Year 2018-19 has been consolidated and Reports published; Government of India (GoI) receives Rs.1,27,461 crore (7.01% of corresponding BE 18-19 of Total Receipts) up to May, 2018 comprising Rs. 1,02,408 crore Tax Revenue (Net to Centre), Rs.24, 049 crore of Non Tax Revenue and Rs. 1,004 crore of Non Debt Capital Receipts.

The Monthly Account of the Union Government of India up to the month of May, 2018 has been consolidated and reports have been published.

According to the highlights, the Government of India has received Rs.1,27,461 crore (7.01% of corresponding BE 18-19 of Total Receipts) up to May, 2018 comprising Rs. 1,02,408 crore Tax Revenue (Net to Centre), Rs.24, 049 crore of Non Tax Revenue and Rs. 1,004 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.570 crore) and Disinvestment of Public Sector Undertakings (PSUs) (Rs. 434 crore).

Rs.1,11,578 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India up to this period which is Rs. 15,217 crore higher than the corresponding period of the last year 2017-18.

Total Expenditure incurred by Government of India is Rs.4,72,954 crore (19.37% of corresponding BE 18-19), out of which Rs.4,09,163 crore is on Revenue Account and Rs.63,791 crore is on Capital Account.   Out of the total Revenue Expenditure Rs.73,606 crore is on account of  Interest Payments and Rs.88,689 crore is on account of Major Subsidies.