PIB News Update: The Monthly Account of the Union Government of India upto the month of July, 2021 has been consolidated and reports published. The highlights are given below:-
The Government of India has received Rs. 6,83,297 crore (34.6% of corresponding BE 2021-22 of Total Receipts) upto July, 2021 comprising Rs. 5,29,189 crore Tax Revenue (Net to Centre), Rs. 1,39,960 crore of Non Tax Revenue and Rs. 14,148 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans Rs. 5,777 crore and Disinvestment Proceeds of Rs. 8,371 crore. Rs. 1,65,064 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto July,2021.
Total Expenditure incurred by Government of India is Rs. 10,04,440 crore (28.8% of corresponding BE 2021-22), out of which Rs. 8,76,012 crore is on Revenue Account and Rs.1,28,428 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs. 2,25,817 crore is on account of Interest Payments and Rs. 1,20,069 crore is on account of Major Subsidies.