New Delhi [India], The Government of India reported that its total receipts from tax and non-tax revenues are Rs 5,72,845 crore, which is 18.6 per cent of the Budget Estimate (BE) for the financial year 2024-25. End of May 2024.
This information was shared by the Finance Ministry on Friday as part of the monthly accounts of the Government of India for May 2024.
The ministry said the government received Rs 3,19,036 crore from tax revenue (net from the Centre), Rs 2,51,722 crore from non-tax revenue and Rs 2,087 crore from non-debt capital receipts, which also includes loan proceeds. Is.
Tax revenue is the income received by the government through taxation, while non-tax revenue is the recurring income that is earned by the government from sources other than taxes. It includes those revenue receipts which are not generated by imposing taxes on the public.
Of the total tax revenue, Rs 1,39,751 crore was transferred to the state governments as their share of taxes. This amount is Rs 21,471 crore more than the same period last year.
On the expenditure side, the Government of India spent a total of Rs 6,23,460 crore till the end of May 2024, which is 13.1 per cent of the budget estimate for 2024-25. This expenditure includes Rs 4,79,835 crore on the revenue account and Rs 1,43,625 crore on the capital account.
Expenditure on revenue account of the government includes the expenditure which does not lead to creation of fixed assets, it includes payment of interest on loans, salaries etc. However, capital account includes expenditure by the government on development of machinery, equipment Money is involved. Buildings, health facilities, education, etc.
Within the revenue account, significant expenditure was incurred on interest payments, amounting to Rs 1,23,810 crore, and on major subsidies, amounting to Rs 54,688 crore.
This information was shared by the Finance Ministry on Friday as part of the monthly accounts of the Government of India for May 2024.
The ministry said the government received Rs 3,19,036 crore from tax revenue (net from the Centre), Rs 2,51,722 crore from non-tax revenue and Rs 2,087 crore from non-debt capital receipts, which also includes loan proceeds. Is.
Tax revenue is the income received by the government through taxation, while non-tax revenue is the recurring income that is earned by the government from sources other than taxes. It includes those revenue receipts which are not generated by imposing taxes on the public.
Of the total tax revenue, Rs 1,39,751 crore was transferred to the state governments as their share of taxes. This amount is Rs 21,471 crore more than the same period last year.
On the expenditure side, the Government of India spent a total of Rs 6,23,460 crore till the end of May 2024, which is 13.1 per cent of the budget estimate for 2024-25. This expenditure includes Rs 4,79,835 crore on the revenue account and Rs 1,43,625 crore on the capital account.
Expenditure on revenue account of the government includes the expenditure which does not lead to creation of fixed assets, it includes payment of interest on loans, salaries etc. However, capital account includes expenditure by the government on development of machinery, equipment Money is involved. Buildings, health facilities, education, etc.
Within the revenue account, significant expenditure was incurred on interest payments, amounting to Rs 1,23,810 crore, and on major subsidies, amounting to Rs 54,688 crore.
