New Delhi: The deficit between the government’s expenditure and earnings stood at ₹9,82, 278 crores up to December 2023 of the current financial year.
As per the consolidated monthly account published today, up to December 2023, the government received ₹20,71,939 crore (76.3% of corresponding BE 2023-24 of Total Receipts) up to December 2023. This comprised ₹17,29,931 crore of Tax Revenue (Net to Centre), ₹3,12,358 crore of Non-Tax Revenue and ₹29,650 crore of Non-Debt Capital Receipts.
Non-Debt Capital Receipts consisted of Recovery of Loans ₹19,597 crore and Miscellaneous Capital Receipts of ₹10,053 crore.
₹7,47,288 crore was transferred to State Governments as Devolution of Share of Taxes by the Central Government up to this period which was ₹1,37,851 crore higher than the previous year.
Total expenditure incurred by the Government of India up to December 2023 was ₹30,54,217 crore (67.8% of corresponding BE 2023-24), out of which ₹23,80,587 crore was on Revenue Account and ₹6,73,630 crore was on Capital Account.
Out of the Total Revenue Expenditure, ₹7,48,207 crore was on account of interest payments and ₹2,76,804 crore was on account of major subsidies.
– global bihari bureau
