Monthly Review of Accounts: Government of India (Up to February 2025, FY 2024-25)
The Government of India has consolidated its financial accounts up to February 2025 for the fiscal year 2024-25, providing insights into total receipts, revenue, and expenditure. Here are the key highlights of the report:
Government Receipts and Revenue
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Total Receipts: ₹25,46,317 crore (80.9% of the Revised Estimate (RE) 2024-25).
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Tax Revenue (Net to Centre): ₹20,15,634 crore.
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Non-Tax Revenue: ₹4,93,319 crore.
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Non-Debt Capital Receipts: ₹37,364 crore.
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Devolution to States: ₹11,80,532 crore has been transferred to State Governments, an increase of ₹1,47,099 crore compared to the previous year.
Government Expenditure
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Total Expenditure: ₹38,93,169 crore (82.5% of RE 2024-25).
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Revenue Expenditure: ₹30,81,282 crore.
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Capital Expenditure: ₹8,11,887 crore.
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Interest Payments: ₹9,52,844 crore.
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Major Subsidies: ₹3,63,005 crore.
Key Takeaways
The report reflects steady revenue generation and expenditure alignment with the revised estimates. Increased tax collection and devolution to states highlight fiscal decentralization. The government continues to focus on managing subsidies and capital investments while maintaining necessary interest payments.
These insights offer a transparent look at India's fiscal health as the financial year approaches closure, ensuring informed policy decisions and economic planning.