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The Monthly Account of the Union Government of India up to the month of May 2019 has been consolidated and reports published.
The highlights are given below:-
The Government of India has received ₹ 1,46,830 crore (7.06% of corresponding BE 19-20 of Total Receipts) upto May 2019 comprising ₹ 1,15,340 crore Tax Revenue (Net to Centre), ₹ 28,423 crore of Non Tax Revenue and ₹ 3,067 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 712 crore) and Disinvestment Proceeds (₹ 2,355 crore).
₹ 99,087 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 12,491 crore lower than the previous year.
Total Expenditure incurred by Government of India is ₹ 5,12,987 crore (18.42% of corresponding BE 19-20), out of which ₹ 4,65,284 crore is on Revenue Account and ₹ 47,703 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 74,804 crore is on account of Interest Payments and ₹ 1,15,059 crore is on account of Major Subsidies.
Government fiscal reporting: consolidated receipts, state tax devolution and revenue versus capital expenditure tracked against budget estimates. The monthly fiscal report presents consolidated receipts up to May 2019-net Tax Revenue, Non-Tax Revenue, and Non-Debt Capital Receipts-and reports transfers to State Governments under Devolution of Share of Taxes. It classifies Total Expenditure into Revenue and Capital components, highlighting Interest Payments and Major Subsidies as principal items of Revenue Expenditure, and compares these flows with the corresponding budget estimates for monitoring early-year budget implementation.Press 'Enter' after typing page number.