The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2018-19 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 16,66,055 crore (91.40% of corresponding RE 18-19 of Total Receipts) during 2018-19 comprising  ₹ 13,16,951 crore Tax Revenue (Net to Centre), ₹ 2,46,219 crore of  Non Tax Revenue and ₹ 1,02,885 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 17,840 crore) and  Disinvestment of  PSUs (₹ 85,045 crore).

₹ 7,61,454 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is ₹ 88,449 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹ 23,11,422 crore (94.07% of corresponding RE 18-19), out of which ₹ 20,08,463 crore is on Revenue Account and ₹ 3,02,959 crore is on Capital Account.   Out of the total Revenue Expenditure, ₹ 5,82,675 crore is on account of  Interest Payments and    ₹ 1,97,066 crore is on account of Major Subsidies.

Government receipts composition shows tax-dominated revenue, significant devolution to states and elevated revenue expenditure driven by interest and subsidies. The provisional consolidated accounts report that Total Receipts were chiefly tax revenue, supported by non tax receipts and non debt capital receipts (loan recoveries and PSU disinvestment), alongside sizable devolution to states. Total Expenditure was split into revenue and capital accounts, with revenue expenditure predominating and major components including interest payments and subsidies.