The Government of India has released its Monthly Account report for the financial year 2024-25, covering the period up to December 2024. The figures provide a comprehensive overview of the country’s revenue and expenditure, reflecting both steady progress and the government’s continued commitment to economic stability and welfare.
According to the report, the total receipts of the government stood at ₹23,18,005 crore, accounting for 72.3% of the Budget Estimates (BE) for the year. This includes ₹18,43,053 crore from net tax revenue, ₹4,47,657 crore from non-tax revenue, and ₹27,295 crore from non-debt capital receipts. A significant highlight of the fiscal performance has been the transfer of ₹9,01,150 crore to state governments as their share of tax devolution, marking an increase of ₹1,53,862 crore compared to the previous year. This rise underscores the Centre’s commitment to strengthening state finances and enabling regional development.
On the expenditure front, the total spending by the government reached ₹32,32,094 crore, which is 67.0% of the budgeted estimate for the year. Of this, ₹25,46,757 crore was allocated to revenue expenditure, covering essential government functions and welfare initiatives, while ₹6,85,337 crore was directed towards capital expenditure, ensuring continued investment in infrastructure and development projects. Notably, interest payments accounted for ₹8,08,313 crore, reflecting the government’s financial obligations, while ₹3,06,994 crore was allocated for major subsidies, supporting sectors like food, fuel, and fertilizers to benefit the broader population.
These figures paint a picture of a government balancing fiscal prudence with the need for sustained public spending. The steady inflow of revenue and robust expenditure patterns indicate a focused approach toward economic growth, welfare initiatives, and infrastructure expansion. As the financial year progresses, these trends will be crucial in shaping India’s economic trajectory and ensuring that developmental goals are met efficiently.
