The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2017-18 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 15,51,004 crore (95.57% of corresponding RE 17-18 of Total Receipts) during 2017-18 comprising ₹ 12,42,662 crore Tax Revenue (Net to Centre), ₹ 1,92,523 crore of  Non Tax Revenue and ₹ 1,15,819 crore of Non Debt Capital Receipts.  Non Debt Capital Receipts consists of Recovery of Loans (Rs.15,624 crore) and  Disinvestment of  PSUs (Rs. 1,00,195 crore).

₹ 6,73,005 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is ₹ 65,005 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹ 21,42,667 crore (96.61% of corresponding RE 17-18), out of which ₹ 18,78,963 crore is on Revenue Account and ₹ 2,63,704 crore is on Capital Account.   Out of the total Revenue Expenditure ₹ 5,29,243 crore is on account of  Interest Payments and ₹ 1,91,110 crore is on account of Major Subsidies.

Provisional government accounts disclose composition of central receipts, state tax devolution and the revenue-capital expenditure split. Consolidation of provisional accounts for 2017-18 reports total receipts composed of Tax Revenue (Net to Centre), Non-Tax Revenue, and Non-Debt Capital Receipts (including loan recoveries and disinvestment), notes transfers to State Governments as devolution of tax share, and classifies total expenditure into Revenue and Capital Accounts with revenue expenditure including interest payments and major subsidies.