Up to date: Nov 27, 2020 17:57 IST
New Delhi [India], November 27 (ANI): India‘s fiscal deficit from April–October for the monetary 12 months 2020-21 stood at Rs 9.53 lakh crore, which is 119.7 per cent of the budgeted goal of Rs 7.96 lakh crore for the entire 12 months, government knowledge confirmed right here on Friday.
The government has acquired Rs 7.08 lakh crore (31.54 per cent of corresponding BE 2020-21 of whole receipts) upto October, 2020 comprising Rs 5.75 lakh crore tax income (internet to centre), Rs 1.16 lakh crore of non tax income and Rs 16,397 crore of non debt capital receipts.
Non debt capital receipts consists of restoration of loans (Rs 10,218 crore) and Disinvestment proceeds (Rs 6,179 crore), the Ministry of Finance said.
“Rs 2,97,174 crore has been transferred to state governments as devolution of share of taxes by government of India upto this era which is Rs 69,697 crore decrease than the earlier 12 months,” the ministry stated.
Complete expenditure incurred by government of India is Rs 16,61,454 crore (54.61 per cent of corresponding BE 2020-21), out of which Rs 14,64,099 crore is on income account and Rs1,97,355 crore is on Capital Account.
Out of the whole income expenditure, Rs 3,33,456 crore is on account of curiosity funds and Rs 1,85,400 crore is on account of main subsidies. (ANI)