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Centre mops up revenue only 31.5% of BE 2020-21 upto October month

By TIOL News Service

NEW DELHI, NOV 27, 2020: The Government of India has received Rs 7,08,300 crore (31.54% of corresponding BE 2020-21 of Total Receipts) upto October, 2020 comprising Rs 5,75,697 crore Tax Revenue (Net to Centre), Rs 1,16,206 crore of Non Tax Revenue and Rs 16,397 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs 10,218 crore) and Disinvestment proceeds (Rs 6,179 crore)

Rs 2,97,174 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs 69,697 crore lower than the previous year.

Total Expenditure incurred by Government of India is Rs 16,61,454 crore (54.61% of corresponding BE 2020-21), out of which Rs 14,64,099 crore is on Revenue Account and Rs 1,97,355 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs 3,33,456 crore is on account of Interest Payments and Rs 1,85,400 crore is on account of Major Subsidies.

 


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