Centre's expenditure running ahead of receipts by Rs6,51,554 crore
01 November 2019
The monthly account of the Government of India for the first six months of the current financial year ended 30 September 2019 showed a shortfall of Rs6,51,554 crore in receipts compared to total expenditure.
The government’s total receipts till end-September 2019 stood at Rs8,37,065 crore against total expenditure of Rs14,88,619 crore incurred so far during the fiscal, official figures of consolidated finances of the government showed.
The central government’s total receipts till September this fiscal stood at Rs8,37,065 crore, which is 40.19 per cent of corresponding budget estimates for the 2019-20 financial year. This included Rs6,07,429 crore of tax revenue (net to centre), Rs2,09,038 crore of non-tax revenue and Rs20,598 crore of non-debt capital receipts. Non-debt capital receipts consist of recovery of loans (Rs8,239 crore) and divestment proceeds (Rs12,359 crore).
An amount of Rs3,11,218 crore has been transferred to state governments as devolution of share of taxes up to this period. This is Rs10,971 crore lower than that of the previous year.
Total expenditure incurred by the central government stood at Rs14,88,619 crore, which is 53.4 per cent of the corresponding budget estimates for the 2019-20 fiscal. Out of this, Rs13,01,082 crore is on revenue account and Rs1,87,537 crore is on capital account. Out of the total revenue expenditure, Rs2,70,696 crore is on account of interest payments and Rs2,11,388 crore is on account of major subsidies.