New Delhi : The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2017-18 has been consolidated and reports published. The highlights are given below:-
The Government of India has received Rs.15,51,004 crore (95.57% of corresponding RE 17-18 of Total Receipts) during 2017-18 comprising Rs. 12,42,662 crore Tax Revenue (Net to Centre), Rs.1,92,523 crore of Non Tax Revenue and Rs.1,15,819 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.15,624 crore) and Disinvestment of PSUs (Rs. 1,00,195 crore).
Rs. 6,73,005 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is Rs. 65,005 crore higher than the previous year.
Total Expenditure incurred by Government of India is Rs.21,42,667 crore (96.61% of corresponding RE 17-18), out of which Rs.18,78,963 crore is on Revenue Account and Rs.2,63,704 crore is on Capital Account. Out of the total Revenue Expenditure Rs.5,29,243 crore is on account of Interest Payments and Rs.1,91,110 crore is on account of Major Subsidies.