April-May Revenue Collection Stands At Rs. 1.27 Lakh Crore

    Out of the total expenditure, Rs.4,09,163 crore is on revenue account and Rs. 63,791 crore on capital account

    The government on Friday released the expenditure and revenue data for the first two months of fiscal 2019. The Union Finance Ministry released the break-up of income and expenditure for the months of April and May on its official twitter handle. The data reveals that the government received Rs. 1,27,461 crore (7.01 per cent of corresponding BE 2018-19 of total receipts) up to May, 2018. The government’s revenue collection comprises Rs. 1,02,408 crore revenue from tax (net to Centre), Rs. 24,049 crore of non-tax revenue and Rs1,004 crore of non-debt capital receipts.

    Non-debt capital receipts consist of recovery of loans (Rs. 570 crore) and disinvestment of public sector undertakings (PSUs) (to the tune of Rs. 434 crore). The government further revealed that Rs. 1,11,578 crore has been transferred to state governments as devolution of share of taxes by the Centre up to May 30.

    These revenue receipts were Rs. 15,217 crore higher than the corresponding period of last year 2017-18.

    Expenditure: Total expenditure incurred by the Government in the first two months of fiscal 2019 is Rs. 4,72,954 crore (19.37 percent of corresponding BE 2018-19), out of which Rs. 4,09,163 crore is on revenue account and Rs. 63,791 crore on capital account. The Union finance ministry further revealed that Rs. 73,606 crore was spent on account of interest payments, and Rs.88,689 crore on account of major subsidies.

    Review of the Monthly Account of the Union Government up to the month of May 2018 for the Financial Year 2018-19 has been consolidated and reports have been published, tweeted the union finance ministry.


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