Total expenditure by the government reached ₹26,25,619 crore, accounting for 51.8% of the BE. Out of this, revenue expenditure stood at ₹20,07,876 crore and capital expenditure at ₹6,17,743 crore. Revenue spending included ₹6,73,715 crore for interest payments and ₹2,46,575 crore on major subsidies.
Key Highlights
- Total receipts: ₹18,00,475 crore (51.5% of BE)
- Tax Revenue (Net to Centre): ₹12,74,301 crore
- Non-Tax Revenue: ₹4,89,079 crore
- Non-Debt Capital Receipts: ₹37,095 crore
- Tax Devolution to States: ₹8,34,957 crore (+₹1,11,981 crore YoY)
- Total Expenditure: ₹26,25,619 crore (Revenue: ₹20,07,876 crore, Capital: ₹6,17,743 crore)
- Interest Payments: ₹6,73,715 crore
- Major Subsidies: ₹2,46,575 crore
These figures indicate that while revenue mobilization remains strong, expenditure continues to outpace receipts, a trend that underscores the importance of prudent fiscal management for the remainder of the financial year. The increase in devolution to states also demonstrates the government’s commitment to inclusive growth and financial federalism.
