The Union Government of India's accounts for August 2020 have been published, showing total receipts of Rs 3,77,306 crore. This includes tax revenue, non-tax revenue, and non-debt capital receipts. Total expenditure reached Rs 12,47,653 crore, with significant portions allocated to revenue and capital accounts, including interest payments and major subsidies. A total of Rs 2,17,976 crore was devolved to state governments as their share of taxes.
The Monthly Account of the Union Government of India upto the month of August, 2020 has been consolidated and reports published. The highlights are given below:-
The Government of India has received Rs 3,77,306 crore (16.80% of corresponding BE 2020-21 of Total Receipts) upto August, 2020 comprising Rs 2,84,495 crore Tax Revenue (Net to Centre), Rs 86,147 crore of Non Tax Revenue and Rs 6,664 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs 6,635
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FAQ :
The review covers the Union Government of India's accounts up to the month of August 2020 for the Financial Year 2020-21.
The total receipts amounted to Rs 3,77,306 crore, which represents 16.80% of the budgeted estimate for the full financial year.
Total receipts comprise Rs 2,84,495 crore of Tax Revenue (Net to Centre), Rs 86,147 crore of Non-Tax Revenue, and Rs 6,664 crore of Non-Debt Capital Receipts.
Rs 2,17,976 crore was transferred to State Governments as their share of taxes, which is Rs 37,629 crore less than the previous year.
The total expenditure was Rs 12,47,653 crore, representing 41.01% of the budgeted estimate.
The total expenditure includes Rs 11,13,206 crore on Revenue Account and Rs 1,34,447 crore on Capital Account. Within Revenue Expenditure, Rs 2,37,662 crore was for Interest Payments and Rs 1,30,700 crore for Major Subsidies.