Centre's H1 revenue receipts fall Rs5,94,732 cr short of expenditure
26 October 2018
The government’s monthly review shows a Rs5,94,732 crore shortfall in revenue for the first six months of the current financial year with revenue receipts slowing to 39.03 per cent of the annual estimates and expenditure rising to 53.40 per cent of the budget estimates for the full fiscal.
Total revenues of the central government for the first six months of the current financial year (April-September 2018-19) stood at Rs7,09,483 crore, forming 39.03 per cent of budget estimates for the fiscal, against an expenditure of Rs 13,04, 215 crore, forming 53.40 per cent of the annual estimate.
Total revenue receipts of Government of India for the April-September 2018-19 period stood at Rs7,09,483 crore, which is 39.03 per cent of the budget estimates for the 18-19 fiscal. This comprised Rs5,82,783 crore tax revenue (net to centre), Rs1,08,969 crore of non-tax revenue and Rs17,731 crore of non-debt capital receipts. Non-debt capital receipts consists of recovery of loans (Rs7,786 crore) and divestment of PSUs (Rs9,945 crore).
An amount of Rs3,22,189 crore has been transferred to state governments as devolution of share of taxes by the centre up to September 2018, which is Rs33,093 crore higher than that of the corresponding period of last year 2017-18.
Total expenditure incurred by the centre stood at Rs13,04,215 crore (53.40 per cent of corresponding budget estimates for 18-19), out of which Rs11,41,586 crore is on revenue account and Rs1,62,629 crore is on capital account. Out of the total revenue expenditure, Rs2,55,432 crore is on account of interest payments and Rs1,88,291 crore is on account of major subsidies.