Government of India Releases Provisional (Unaudited) Financial Accounts for FY 2024–25

The Government of India has published the provisional (unaudited) financial accounts for the financial year 2024–25. These accounts provide an overview of the government’s receipts and expenditures during the fiscal year, based on consolidated data.

The provisional accounts for FY 2024–25 indicate that the Government has broadly met its revenue and expenditure targets as outlined in the Revised Estimates. The increased tax devolution to states and sustained capital investment demonstrate the government’s commitment to inclusive and growth-oriented fiscal management.

Receipts

During the financial year 2024–25, the Government of India received a total of ₹30,78,247 crore, which constitutes 97.8% of the Revised Estimates (RE) for the year. The breakdown of receipts is as follows:

• Tax Revenue (Net to Centre): ₹24,98,885 crore
• Non-Tax Revenue: ₹5,37,544 crore
• Non-Debt Capital Receipts: ₹41,818 crore, which includes:
  • Recovery of Loans: ₹24,616 crore
  • Miscellaneous Capital Receipts (including disinvestment proceeds): ₹17,202 crore

In addition, the Government transferred ₹12,86,885 crore to State Governments as devolution of their share in central taxes, which is ₹1,57,391 crore higher than the corresponding amount transferred in the previous financial year.

Expenditure

The total expenditure incurred by the Government of India during FY 2024–25 stood at ₹46,55,517 crore, amounting to 98.7% of the Revised Estimates for the year. The expenditure is categorised as follows:

• Revenue Expenditure: ₹36,03,510 crore
  • Interest Payments: ₹11,16,343 crore
  • Major Subsidies: ₹3,88,036 crore
• Capital Expenditure: ₹10,52,007 crore

These figures reflect the government’s continued focus on infrastructure development and welfare programs, while also managing debt servicing and subsidy obligations effectively.