The Government of India has received Rs.8,96,583 crore (49.32% of corresponding BE 18-19 of Total Receipts) up to November, 2018 comprising Rs. 7,31,669 crore Tax Revenue (Net to Centre), Rs. 1,38,637 crore of Non-Tax Revenue and Rs. 26,277 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (Rs.10,467 crore) and Disinvestment of PSUs (Rs. 15,810 crore).
Rs. 4,31,963 crore has been transferred to the State Governments as Devolution of Share of Taxes by the Government of India up to this period which is Rs. 46,677 crore higher than the corresponding period of last year 2017-18.
Total Expenditure incurred by Government of India is Rs.16,13,208 crore (66.06% of corresponding BE 18-19), out of which Rs.14,21,778 crore is on Revenue Account and Rs.1,91,430 crore is on Capital Account. Out of the total Revenue Expenditure, Rs.3,48,233 crore is on account of Interest Payments and Rs.2,19,046 crore is on account of Major Subsidies.
Fiscal deficit of the country in the first eight months of FY2018-19 rose to Rs 7.17 lakh crore, hitting around 115% of the budgeted target for the current financial year, government data showed. The govt had set a fiscal defict target of Rs 6.24 lakh crore for FY19.
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