PIB News Update: The Monthly Account of the Union Government of India upto the month of November, 2020 has been consolidated and reports published. The highlights are given below:-
The Government of India has received ₹8,30,851 crore (37% of corresponding BE 2020-21 of Total Receipts) upto November, 2020 comprising of ₹ 6,88,430 crore Tax Revenue (Net to Centre), ₹1,24,280 crore of Non-Tax Revenue and ₹18,141 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹11,962 crore) and Disinvestment proceeds (₹6,179 crore).
₹3,34,407 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto November 2020.
Total Expenditure incurred by Government of India is ₹19,06,358 crore (63% of corresponding BE 2020-21), out of which ₹16,65,200 crore is on Revenue Account and ₹2,41,158 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹3,83,425 crore is on account of Interest Payments and ₹2,02,119 crore is on account of Major Subsidies.