<h1>India's 2018-19 Receipts Hit Rs. 1.27 Lakh Crore by May, 7.01% of Budget; Tax Revenue Dominates.</h1> The Union Government of India reported total receipts of Rs. 1,27,461 crore up to May 2018 for the financial year 2018-19, representing 7.01% of the budget estimate. This includes Rs. 1,02,408 crore from tax revenue, Rs. 24,049 crore from non-tax revenue, and Rs. 1,004 crore from non-debt capital receipts. Non-debt capital receipts comprised Rs. 570 crore from loan recovery and Rs. 434 crore from disinvestment in public sector undertakings. Rs. 1,11,578 crore was transferred to state governments, Rs. 15,217 crore more than the previous year. Total government expenditure was Rs. 4,72,954 crore, with Rs. 4,09,163 crore on revenue account and Rs. 63,791 crore on capital account.