**Summary:**
The Ministry of Finance has released the provisional unaudited accounts for the Government of India for the financial year 2024-25. Total receipts amounted to ₹30,78,247 crore, representing 97.8% of the Revised Estimate (RE) for the year. This comprises ₹24,98,885 crore in net tax revenue to the Centre, ₹5,37,544 crore in non-tax revenue, and ₹41,818 crore in non-debt capital receipts (consisting of ₹24,616 crore in recovery of loans and ₹17,202 crore in miscellaneous capital receipts). ₹12,86,885 crore was transferred to State Governments as devolution of share of taxes, which is ₹1,57,391 crore higher than the previous year. Total expenditure incurred by the Government of India was ₹46,55,517 crore, representing 98.7% of the corresponding RE for 2024-25. This expenditure includes ₹36,03,510 crore on revenue account and ₹10,52,007 crore on capital account. A significant portion of the revenue expenditure includes ₹11,16,343 crore for interest payments and ₹3,88,036 crore for major subsidies.
Key Entities Referenced
Ministry of Finance: The ministry responsible for financial matters of the Government of India, the issuer of the report.
Government of India: The governing body of India.
Financial Year 20242025: The fiscal year for which the provisional unaudited accounts are being reported.
30 MAY 2025: Date of posting of the report.
PIB Delhi: Press Information Bureau, Delhi - the agency that posted the report.
Total Receipts: Total income received by the Government of India during the Financial Year 20242025.
Tax Revenue Net to Centre: The net tax revenue received by the central government.
Non Tax Revenue: Revenue received by the government from sources other than taxes.
NonDebt Capital Receipts: Capital receipts that do not create a debt obligation for the government.
Recovery of Loans: Money received from the repayment of loans given by the government.
Miscellaneous Capital Receipts: Other capital receipts not categorized as debt or recovery of loans.
State Governments: The governments of the individual states within India.
Devolution of Share of Taxes: The process of distributing tax revenue from the central government to the state governments.
Total Expenditure: The total spending by the Government of India.
Revenue Account: Government spending on day-to-day operations and services.
Capital Account: Government spending on long-term assets and infrastructure.
Interest Payments: Payments made by the government towards interest on its debt.
Major Subsidies: Significant subsidies provided by the government, likely on essential goods and services.
NBKMN: Potentially an acronym for a specific program or initiative; further context is needed for full identification.
Ministry of Finance
Provisional/unaudited accounts of the Government of
India for the Financial Year 2024-2025
Posted On: 30 MAY 2025 6:21PM by PIB Delhi
The Accounts of the Government of India for the Financial Year 2024-25 (Provisional/Unaudited) has been
consolidated and reports published. The highlights are given below: -
The Government of India has received ₹30,78,247 crore (97.8% of corresponding RE 2024-25 of Total
Receipts) during 2024-25 comprising ₹24,98,885 crore Tax Revenue (Net to Centre), ₹5,37,544 crore of Non-
Tax Revenue and ₹41,818 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of
Recovery of Loans (₹24,616 crore) and Miscellaneous Capital Receipts (₹17,202 crore). ₹12,86,885 crore has
been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this
period which is ₹1,57,391 crore higher than the previous year.
Total Expenditure incurred by Government of India is ₹46,55,517 crore (98.7% of corresponding RE 2024-
25), out of which ₹36,03,510 crore is on Revenue Account and ₹10,52,007 crore is on Capital Account. Out
of the Total Revenue Expenditure, ₹11,16,343 crore is on account of Interest Payments and ₹3,88,036 crore is
on account of Major Subsidies.
****
NB/KMN
(Release ID: 2132827)