Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2017-18

The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2017-18 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 15,51,004 crore (95.57% of corresponding RE 17-18 of Total Receipts) during 2017-18 comprising ₹ 12,42,662 crore Tax Revenue (Net to Centre), ₹ 1,92,523 crore of  Non Tax Revenue and ₹ 1,15,819 crore of Non Debt Capital Receipts.  Non Debt Capital Receipts consists of Recovery of Loans (Rs.15,624 crore) and  Disinvestment of  PSUs (Rs. 1,00,195 crore).

₹ 6,73,005 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is ₹ 65,005 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹ 21,42,667 crore (96.61% of corresponding RE 17-18), out of which ₹ 18,78,963 crore is on Revenue Account and ₹ 2,63,704 crore is on Capital Account.   Out of the total Revenue Expenditure ₹ 5,29,243 crore is on account of  Interest Payments and ₹ 1,91,110 crore is on account of Major Subsidies.