Monthly Review of Accounts of Union Government of India upto month of Dec 2021 for FY 2021-22

Last updated: 01 February 2022

Save Share

Quick Summary

The Indian Government's monthly accounts for December 2021, covering the financial year 2021-22, have been published. Total receipts reached Rs. 17.6 lakh crore, representing 89.1% of the budgeted amount. This includes tax revenue, non-tax revenue, and non-debt capital receipts. The government also transferred Rs. 4.5 lakh crore to states as their share of taxes. Total expenditure stood at Rs. 25.2 lakh crore, or 72.4% of the budget, with significant amounts allocated to revenue and capital accounts, including interest payments and major subsidies.

The Monthly Account of the Union Government of India upto the month of December, 2021 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs. 17,61,692 crore (89.1% of corresponding BE 2021-22 of Total Receipts) upto December, 2021 comprising Rs. 14,73,809 crore Tax Revenue (Net to Centre), Rs. 2,59,414 crore of Non-Tax Revenue and Rs. 28,469 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans Rs. 19,105 crore and Miscellaneous Capital Receipts of Rs. 9,364 crore. Rs. 4,50,310 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto December, 2021.

India Govt Accounts Review: Dec 2021 FY22

Total Expenditure incurred by Government of India is Rs. 25,21,058 crore (72.4% of corresponding BE 2021-22), out of which Rs. 21,29,414 crore is on Revenue Account and Rs. 3,91,644 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 5,64,414 crore is on account of Interest Payments and Rs. 2,71,374 crore is on account of Major Subsidies.

FAQ :

The review covers the Union Government accounts up to the month of December 2021 for the financial year 2021-22.

The total receipts were Rs. 17,61,692 crore, which is 89.1% of the corresponding Budget Estimate for 2021-22.

Total receipts comprise Rs. 14,73,809 crore in Tax Revenue (Net to Centre), Rs. 2,59,414 crore in Non-Tax Revenue, and Rs. 28,469 crore in Non-Debt Capital Receipts.

Rs. 4,50,310 crore was transferred to State Governments as their share of taxes up to December 2021.

The total expenditure incurred was Rs. 25,21,058 crore, representing 72.4% of the corresponding Budget Estimate for 2021-22.

Out of the total revenue expenditure, Rs. 5,64,414 crore was for Interest Payments and Rs. 2,71,374 crore was for Major Subsidies.

2025 Views Comment Share Miscellaneous Report

News posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Click here to Login and post comments OR