Monthly Review of Accounts of Union Government of India up to the month of October 2020 for the FY 2020-21

Last updated: 28 November 2020

Quick Summary
The Indian government's accounts for the fiscal year 2020-21 up to October 2020 have been published. Total receipts amounted to Rs. 7,08,300 crore, including tax revenue, non-tax revenue, and non-debt capital receipts. The government transferred Rs. 2,97,174 crore to state governments as devolution of taxes, which is lower than the previous year. Total expenditure reached Rs. 16,61,454 crore, covering revenue and capital accounts, with significant portions allocated to interest payments and subsidies.

The Monthly Account of the Union Government of India upto the month of October, 2020 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs. 7,08,300 crore (31.54% of corresponding BE 2020-21 of Total Receipts) upto October, 2020 comprising Rs. 5,75,697 crore Tax Revenue (Net to Centre), Rs. 1,16,206 crore of Non Tax Revenue and Rs. 16,397 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs. 10,218 crore) and Disinvestment proceeds (Rs. 6,179 crore)

Rs. 2,97,174 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 69,697 crore lower than the previous year.

Total Expenditure incurred by Government of India is Rs. 16,61,454 crore (54.61% of corresponding BE 2020-21), out of which Rs. 14,64,099 crore is on Revenue Account and Rs. 1,97,355 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 3,33,456 crore is on account of Interest Payments and Rs. 1,85,400 crore is on account of Major Subsidies.

FAQ :

The review covers the Union Government's accounts up to the month of October 2020 for the financial year 2020-21.

The total receipts were Rs. 7,08,300 crore, which represents 31.54% of the budgeted amount for FY 2020-21.

Receipts comprise Rs. 5,75,697 crore in Tax Revenue (Net to Centre), Rs. 1,16,206 crore in Non-Tax Revenue, and Rs. 16,397 crore in Non-Debt Capital Receipts.

Rs. 2,97,174 crore was transferred to State Governments as devolution of share of taxes up to October 2020.

The total expenditure incurred was Rs. 16,61,454 crore, representing 54.61% of the budgeted amount for FY 2020-21.

Major components include Rs. 3,33,456 crore for Interest Payments and Rs. 1,85,400 crore for Major Subsidies.



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