BusinessIndia

Govt spending crosses Rs 10 lakh cr in first 5 months of 2018-19

New Delhi, Sep 25 (UNI) The Government has incurred Rs 10,70,859 crore of total expenditure between April and August this year, which is 43.85 per cent of the 2018-19 Budget estimate.

Out of the total expenditure, Rs 9,38,641 crore was spent on Revenue Account and Rs 1,32,218 crore on Capital Account.

The Finance Ministry on Tuesday released monthly report of the Government up to August 2018 for the financial year 2018-19.
Out of the total revenue expenditure, Rs 2,19,111 crore was on account of interest payments and Rs1,70,617 crore was on account of major subsidies.

The Government, however, received Rs 4,79,568 crore -around 26.38 per cent of the budget estimates. The revenue comprises Rs 3,66,216 crore as tax revenue, Rs 98,332 crore as non-tax revenue and Rs15,020 crore of non debt capital receipts. Non-Debt capital receipts consists of recovery of loans (Rs 5,596 crore) and disinvestment of public sector undertakings Rs 9,424 crore.

Around Rs 2,67,302 crore has been transferred to state governments as devolution of share of taxes by the Central Government up to this period which is Rs 26,390 crore higher than the corresponding period of last year 2017-18.

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