The Government of India has released a financial report detailing the country’s revenue collection and spending up to January 2025 for the 2024-25 financial year. The report shows that the government has collected Rs. 24 lakh crore in revenue so far, which is 76.3% of the estimated total for the year.
● Rs. 19.03 lakh crore came from taxes (after deducting the share given to states).
● Rs. 4.67 lakh crore was collected as non-tax revenue (such as fees, dividends from government-owned companies, and interest earnings).
● Rs. 29,224 crore was received from non-debt capital receipts, including earnings from the sale of government assets and investments (disinvestment).
The government transferred Rs. 10.74 lakh crore to states, which is Rs. 2.54 lakh crore more than last year, ensuring states have more funds for their development projects.
The government has spent a total of Rs. 35.7 lakh crore, which is 75.7% of the estimated budget for the year. The spending is divided into:
● Rs. 28.13 lakh crore on revenue expenditure – This includes day-to-day expenses like salaries, pensions, subsidies, and loan interest payments.
● Rs. 7.57 lakh crore on capital expenditure – This is an investment in infrastructure like roads, railways, and other public assets.
● Rs. 8.75 lakh crore was used for interest payments on government debt (money borrowed by the government).
● Rs. 3.38 lakh crore was spent on subsidies, including food, fertilizer, and fuel subsidies to support citizens.
The government has collected over three-fourths of its expected income, indicating stable financial health. With higher tax devolution, states have more funds for public services and development. So far, 75.7% of the budget has been spent, reflecting controlled financial management and huge capital investments aimed to boost long-term economic growth.
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