Economy - Reports
Government receipts at 53.7% of corresponding BE 2024-25 in first seven months of current fiscal year As on : 29-Nov-24  17:43

The Monthly Account of the Government of India upto the month of October, 2024, has been consolidated and reports published today. The Government of India has received ₹17,23,074 crore (53.7% of corresponding BE 2024-25 of Total Receipts upto October, 2024, comprising ₹13,04,973 crore Tax Revenue (Net to Centre), ₹3,99,294 crore of Non-Tax Revenue and ₹18,807 crore of Non-Debt Capital Receipts. ₹7,22,976 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,94,571 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹24,73,898 crore (51.3% of corresponding BE 2024-25), out of which ₹20,07,353 crore is on Revenue Account and ₹4,66,545 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹5,96,347 crore is on account of Interest Payments and ₹2,48,670 crore is on account of Major Subsidies. India's fiscal deficit for the first seven months of this fiscal year through stood at 7.51 lakh crore rupees, or 46.5% of annual estimates. The fiscal deficit was around 45% reported in the comparable year-earlier period.

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