BUSINESS

95% of RE receipts received in FY18

New Delhi, June 1: The government on Friday said it received 95.57 per cent of the total receipts in FY18 as per the revised estimates (RE) of the fiscal.

“The Central government has received Rs 15,51,004 crore (95.57 per cent of corresponding RE 17-18 of total receipts) during 2017-18 comprising Rs 12,42,662 crore tax revenue (net to Centre), Rs 1,92,523 crore non-tax revenue and Rs 1,15,819 crore non-debt capital receipts,” an official statement said.

Non-debt capital receipts consist of recovery of loans worth Rs 15,624 crore and disinvestment of public sector undertakings worth Rs 1,00,195 crore, it added.

The Finance Ministry said that Rs 6,73,005 crore had been transferred to state governments as devolution of share of taxes “which is Rs 65,005 crore higher than the previous year”.

The total expenditure incurred by the government stood at Rs 21,42,667 crore (96.61 per cent of corresponding RE 17-18). Of this, Rs 18,78,963 crore was on revenue account and Rs 2,63,704 crore on capital account.
“Out of the total revenue expenditure, Rs 5,29,243 crore is on account of interest payments and Rs 1,91,110 crore is on account of major subsidies,” it said.

During April in the current financial year, the government received Rs 71,450 crore (3.93 per cent of the corresponding BE 18-19 (Budget Estimates) of total receipts), the Finance Ministry said.

It comprised of Rs 57,533 crore tax revenue (net to Centre), Rs 13,124 crore non-tax revenue and Rs 793 crore non-debt capital receipts (consisting of Rs 359 crore worth loan recoveries and Rs 434 crore worth PSU disinvestments). (IANS)