The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2021-22 has been consolidated and reports published. The highlights are given below: -

The Government of India has received ₹22,07,634 crore (101.3% of corresponding RE 21-22 of Total Receipts) during 2021-22 comprising ₹18,20,382 crore Tax Revenue (Net to Centre), ₹3,48,044 crore of Non-Tax Revenue and ₹39,208 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (₹24,570 crore) and Miscellaneous Capital Receipts (₹14,638 crore). ₹8,81,779 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 2,86,782 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹37,94,171 crore (100.6% of corresponding RE 20-21), out of which ₹32,01,373 crore is on Revenue Account and ₹5,92,798 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹8,05,390 crore is on account of Interest Payments.

Government receipts and expenditure composition shows elevated tax revenue, substantial state devolution, and significant interest payments. Consolidated provisional accounts for 2021-22 show receipts dominated by net tax revenue, supplemented by non tax revenue and non debt capital receipts (loan recoveries and miscellaneous capital receipts), and an increased transfer to states via devolution of tax shares. Total expenditure is split into revenue and capital accounts, with revenue spending forming the majority and interest payments a significant component of revenue expenditure.