Data

Union Government released its Financial Accounts Report till July 2024, Check Receipts and Expenditure Data


➡️ Join Whatsapp Group

The Union Government has released its financial accounts for the period up to July 2024. Here’s a breakdown of the key figures and trends:

Total Receipts

As of July 2024, the government’s total receipts stand at ₹10,23,406 crore. This figure represents 31.9% of the Budget Estimates (BE) for the financial year 2024-25. The main sources of these receipts are:

  • Tax Revenue: ₹7,15,224 crore
  • Non-Tax Revenue: ₹3,01,796 crore
  • Non-Debt Capital Receipts: ₹6,386 crore

Transfer to States

A significant portion of the total receipts, amounting to ₹3,66,630 crore, has been transferred to various state governments. This is their share of taxes collected by the central government. This amount is ₹57,109 crore higher than what was transferred during the same period last year, showing a notable increase in the funds allocated to states.

Government Expenditure

On the expenditure side, the government has spent ₹13,00,351 crore up to July 2024, which is 27% of the BE for 2024-25. This expenditure is divided into:

  • Revenue Account: ₹10,39,091 crore
  • Capital Account: ₹2,61,260 crore

Revenue Expenditure Breakdown

Within the revenue expenditure, the key allocations are:

  • Interest Payments: ₹3,27,887 crore
  • Major Subsidies: ₹1,25,639 crore

In summary, the Union Government’s financial operations up to July 2024 show a balanced approach in revenue generation and expenditure, with significant increases in state transfers and a clear allocation towards interest payments and subsidies.

Leave a Reply

Your email address will not be published. Required fields are marked *