Government receives 79% of RE receipts till February

New Delhi : The government on Wednesday said it had received over 79 per cent of the total receipts till February as per the revised estimates for FY18.

"The Central government has received Rs 12,83,472 crore (79.09 per cent of corresponding RE 17-18 of total receipts) up to February comprising Rs 10,35,546 crore tax revenue (net to Centre), Rs 1,42,132 crore non-tax revenue and Rs 1,05,794 crore non-debt capital receipts," an official statement said. 

It added that non-debt capital receipts consist of recovery of loans worth Rs 13,301 crore) and disinvestment of PSUs worth Rs 92,493 crore.

"Rs 5,29,624 crore has been transferred to state governments as devolution of share of taxes in this period which is Rs 66,039 crore higher than the corresponding period of last year," the statement said.

Total expenditure incurred by the government stood at Rs 19,99,171 crore (90.14 per cent of corresponding RE 2017-18) till February.

Out of this, expenditure of Rs 17,02,085 crore was on revenue account and Rs 2,97,086 crore on capital account, the government said.