Income and Expenditure of the Government of India for 2023-24
Detailed split-up of the Income and Expenditure of the Government of India for 2023-24
Income
Total Receipts: ₹27,88,872 crore
Tax Revenue (Net to Centre): ₹23,26,524 crore
Gross Tax Revenue: ₹33,69,000 crore
Corporation Tax: ₹9,62,000 crore (approx. 28.6% of gross tax revenue)
Income Tax: ₹8,90,000 crore (approx. 26.4%)
Goods & Services Tax (GST): ₹9,56,000 crore (approx. 28.4%)
Customs Duty: ₹2,13,000 crore (approx. 6.3%)
Excise Duty: ₹2,31,000 crore (approx. 6.9%)
Other Taxes: ₹1,17,000 crore (approx. 3.4%)
States' Share in Taxes: ₹10,42,476 crore
Non-Tax Revenue: ₹4,01,888 crore
Sources:
Dividends and Profits (RBI, PSUs): Significant portion
User charges, fees, etc.
Non-Debt Capital Receipts: ₹60,460 crore
Recovery of Loans: ₹17,000 crore
Disinvestment Proceeds: ₹43,460 crore
Expenditure
Total Expenditure: ₹44,42,542 crore
Revenue Expenditure: ₹34,94,036 crore
Interest Payments: ₹10,63,871 crore (30.4% of revenue expenditure)
Subsidies (Major): ₹4,13,542 crore (11.8% of revenue expenditure)
Food Subsidy: ₹1,97,350 crore (47.7% of total subsidies)
Fertilizer Subsidy: ₹1,75,100 crore (42.3%)
Petroleum Subsidy: ₹41,092 crore (9.9%)
Defense Revenue Expenditure: ₹2,39,000 crore (6.8%)
Other Expenditure (Developmental & Non-Developmental): ₹17,78,623 crore
Capital Expenditure: ₹9,48,506 crore
Spending on infrastructure, defense capital, roads, railways, urban development, etc.
Deficits
Fiscal Deficit: ₹16,53,670 crore
As a percentage of GDP: 5.6%
Revenue Deficit: ₹7,65,624 crore
As a percentage of GDP: 2.6%
Primary Deficit: ₹5,89,799 crore
Reference
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