PIB News Update: 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 ₹3,77,306 crore (16.80% of corresponding BE 2020-21 of Total Receipts) upto August, 2020 comprising ₹ 2,84,495 crore Tax Revenue (Net to Centre), ₹86,147 crore of Non Tax Revenue and ₹6,664 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹6,635 crore) and Disinvestment proceeds (₹29 crore)
₹2,17,976 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹37,629 crore lower than the previous year.
Total Expenditure incurred by Government of India is ₹12,47,653 crore (41.01% of corresponding BE 2020-21), out of which ₹11,13,206 crore is on Revenue Account and ₹1,34,447crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,37,662 crore is on account of Interest Payments and ₹1,30,700 crore is on account of Major Subsidies.