GG News Bureau
New Delhi, 31st May. The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2020-21 has been consolidated and reports published.
The highlights are given below:-
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 consists of Recovery of Loans (Rs. 19,729 crores) and Disinvestment Proceeds (Rs. 37,897 crores).
Rs. 5,94,997 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India up to this period which is Rs. 55,680 crores lower than the previous year.
Total Expenditure incurred by the 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.