The provisional and unaudited accounts for India's Union Government for the financial year 2020-21 have been published. Total receipts reached Rs. 16,89,720 crore, exceeding the revised estimate. This includes tax revenue, non-tax revenue, and non-debt capital receipts from loan recoveries and disinvestment. The government also transferred Rs. 5,94,997 crore to states as their share of taxes, which was lower than the previous year. Total expenditure amounted to Rs. 35,11,181 crore, covering revenue and capital accounts, with significant portions allocated to interest payments and major subsidies.
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
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FAQ :
The Union Government received Rs. 16,89,720 crore in FY 2020-21, which was 105.50% of the corresponding Revised Estimate for that year.
Total receipts comprised Rs. 14,24,035 crore from Tax Revenue (Net to Centre), Rs. 2,08,059 crore from Non-Tax Revenue, and Rs. 57,626 crore from Non-Debt Capital Receipts.
Non-Debt Capital Receipts include Recovery of Loans amounting to Rs. 19,729 crore and Disinvestment Proceeds totalling Rs. 37,897 crore.
Rs. 5,94,997 crore was transferred to State Governments as their share of taxes, which was Rs. 55,680 crore less than the previous year.
The total expenditure incurred by the Government of India was Rs. 35,11,181 crore, representing 101.76% of the corresponding Revised Estimate for FY 2020-21.
Out of the total revenue expenditure, Rs. 6,82,079 crore was for Interest Payments and Rs. 6,89,545 crore was for Major Subsidies.