Overview of Government Receipts
The Government of India released its Monthly Account Report for the financial year 2024-25, covering data up to December 2024. The report highlights the country’s revenue and expenditure trends, showcasing steady progress and the government’s commitment to economic stability and welfare.
Total government receipts reached ₹23,18,005 crore, which is 72.3% of the Budget Estimates (BE) for the year. These receipts include:
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₹18,43,053 crore from net tax revenue
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₹4,47,657 crore from non-tax revenue
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₹27,295 crore from non-debt capital receipts
A key highlight is the transfer of ₹9,01,150 crore to state governments as their share of tax devolution, marking a significant increase of ₹1,53,862 crore compared to the previous year. This shows the Centre’s focus on strengthening state finances and promoting regional development.
Government Expenditure Details
On the expenditure side, the total spending reached ₹32,32,094 crore, accounting for 67.0% of the budgeted estimate for the year. The breakdown includes:
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₹25,46,757 crore on revenue expenditure — covering government operations and welfare schemes
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₹6,85,337 crore on capital expenditure — focused on infrastructure and development projects
Interest payments stood at ₹8,08,313 crore, reflecting the government’s financial commitments, while ₹3,06,994 crore was spent on major subsidies for essential sectors like food, fuel, and fertilizers, supporting millions of people across the country.
Economic Implications and Government Focus
These figures indicate the government’s careful balance between fiscal prudence and the necessity of public spending. The steady inflow of revenue, combined with robust expenditure, reflects a strong focus on:
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Economic growth
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Social welfare initiatives
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Infrastructure development
As the year progresses, these financial trends will play a vital role in shaping India’s economic trajectory and ensuring the government meets its development goals efficiently.
Key Highlights:
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Total receipts at ₹23.18 lakh crore, 72.3% of budget
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Tax revenue forms the major part of receipts (₹18.43 lakh crore)
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State governments received ₹9.01 lakh crore via tax devolution, up by ₹1.53 lakh crore
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Total expenditure at ₹32.32 lakh crore, 67% of budget
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Significant spending on welfare subsidies and interest payments
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Capital expenditure at ₹6.85 lakh crore for infrastructure growth