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Finance, Governance, News, Union Government


Monthly Review of Union Government of India up to the month of July 2018 for the Financial Year 2018-19

The Monthly Account of the Union Government of India up to the month of July, 2018 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs.3,49,467 crore (19.22% of corresponding BE 18-19 of Total Receipts) up to July, 2018 comprising Rs. 2,92,611 crore Tax Revenue (Net to Centre), Rs.43,125 crore of Non Tax Revenue and Rs.13,731 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.4,512 crore) and Disinvestment of PSUs (Rs. 9,219 crore).

Rs.2,12,414 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India up to this period which is Rs. 19,686 crore higher than the corresponding period of last year 2017-18.

Total Expenditure incurred by Government of India is Rs.8,89,724 crore (36.43% of corresponding BE 18-19), out of which Rs.7,78,387 crore is on Revenue Account and Rs.1,11,337 crore is on Capital Account. Out of the total Revenue Expenditure, Rs.1,80,844 crore is on account of Interest Payments and Rs.1,41,682 crore is on account of Major Subsidies.

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