The fiscal deficit of the Union government edged up to 115% of the full year target in the first eight months of the fiscal year, the data released by the Controller General of Accounts showed. The Government of India has received Rs 10,12,223 crore (48.60% of corresponding BE 19-20 of Total Receipts) upto November 2019 comprising Rs 7,50,614 crore Tax Revenue (Net to Centre), Rs 2,32,600 crore of Non Tax Revenue and Rs 29,009 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs 10,910 crore) and Disinvestment Proceeds (Rs 18,099 crore).
Rs 4,21,850 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs 10,113 crore lower than the previous year. Total Expenditure incurred by Government of India is Rs 18,20,057 crore (65.3% of corresponding BE 19-20), out of which Rs 16,06,215 crore is on Revenue Account and Rs 2,13,842 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs 3,41,812 crore is on account of Interest Payments and Rs 2,35,015 crore is on account of Major Subsidies.
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