The Government of India has received ₹2,12,679 crore in April this year, representing 5.8% of the total receipts for BE 2026–27. This amount includes ₹1,78,492 crore from tax revenue (Net to Centre), ₹24,293 crore from non-tax revenue, and ₹9,894 crore from non-debt capital receipts through loan recoveries, as per a finance ministry statement.
In the same period, ₹87,779 crore has been transferred to State Governments as Devolution of Share of Taxes by the Government of India, marking a ₹6,044 crore increase from the previous year. The total expenditure incurred by the Government stands at ₹5,74,892 crore, with 10.8% allocated to the corresponding BE 2026–27. This expenditure includes ₹3,85,151 crore on the revenue account and ₹1,89,831 crore on the capital account.
The rise in the cost of petroleum products like LPG and fertilizers due to the Middle East conflict and the Strait of Hormuz situation is expected to escalate the subsidy outgo in the current financial year. This increase will impact LPG and fertilizer subsidies, crucial for supporting the poor and farmers against global cost fluctuations in essential crop inputs.
