Monthly Review of Accounts of Union Government of India for the month of May 2021 for the FY 2021-22

Last updated: 02 July 2021

Quick Summary
The Union Government of India's accounts for May 2021 have been published, showing total receipts of Rs.3,54,787 crore. This includes tax and non-tax revenue, as well as non-debt capital receipts. A significant portion, Rs.78,349 crore, was devolved to state governments as their share of taxes, which is lower than the previous year. Total expenditure for the month reached Rs.4,77,961 crore, covering revenue and capital spending, including substantial amounts for interest payments and major subsidies.

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 consists of Recovery of Loans Rs 815 crore and Disinvestment Proceeds of Rs 3,995 crore.

India Govt Accounts: May 2021 Review

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.

FAQ :

The Union Government received Rs.3,54,787 crore in May 2021.

Total receipts comprise Rs. 2,33,565 crore of Tax Revenue (Net to Centre), Rs. 1,16,412 crore of Non Tax Revenue, and Rs. 4,810 crore of Non Debt Capital Receipts.

Rs.78,349 crore was transferred to State Governments as their share of taxes.

The total expenditure incurred by the Government of India was Rs.4,77,961 crore.

Expenditure is divided into Rs. 4,15,000 crore on Revenue Account and Rs. 62,961 crore on Capital Account.

Revenue expenditure included Rs. 88,573 crore for Interest Payments and Rs. 62,664 crore for Major Subsidies.



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