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Apr-Sept capital spending at Rs 1.87 l cr, total expenditure at Rs 14. 88 lakh crore
Economy

Apr-Sept capital spending at Rs 1.87 l cr, total expenditure at Rs 14. 88 lakh crore

Agency News

New Delhi, Oct 31: Total expenditure incurred by the Union Government is Rs 14,88,619 crore, including Rs 13,01,082 crore on Revenue Account and Rs 1,87,537 crore on capital account.

Of the total revenue expenditure, Rs 2,70,696 crore is on account of interest payments and Rs 2,11,388 crore on account of major subsidies, according to a statement by the Ministry of Finance on Thursday.

The Government has received Rs 8,37,065 crore up to September, 2019, comprising Rs 6,07,429 crore tax revenue (net to Centre), Rs 2,09,038 crore of non-tax revenue and Rs 20,598 crore of non-debt capital receipts.

The non-debt capital receipts consists of RECOVERY of loans (Rs 8,239 crore) and disinvestment proceeds (Rs 12,359 crore).

A total Rs 3,11,218 crore has been transferred to State Governments as devolution of share of taxes by the Government of India up to this period, which is Rs 10,971 crore lower than the previous year, the Ministry added. (UNI)