With expenses exceeding income, the Congress party seems to be in troubled Financial times

As per figures quoted in an Association For Democratic Reforms (ADR) report, the Congress party seems to be struggling to cope up financially with the demands of Indian Politics. The ADR report chiefly analyses the Income and Expenditure of the Bharatiya Janta Party (BJP) and the Indian National Congress (INC) for the Financial Year (FY) 2016-17. The report claims that the figures have been sourced from the submissions to Election Commission of India (ECI).

Going by the figures, the Congress party’s income slumped by 14 percent to Rs 225.36 crore from Rs 261.56 crore for FY 2015-16. When it comes to the total expenses incurred, the Congress incidentally spent more than it earned by declaring an expense of Rs 321.66 crore which is Rs 96.30 crore more than its total income.

When it comes to income sources the Congress party claimed that it received Rs 50.62 crore as donations and Rs 115.64 crore via the issuance of coupons. The party earned a total of 43.89 crores as interest on fixed deposits. When it comes to expenditure, the party supposedly spent Rs 149.65 crore as election expenditure and Rs 115.65 crore as administrative and general expense.

- Advertisement - - Article resumes -

In contrast, the BJP seems to be doing pretty well after the party declared a total income of Rs 1034.27 crores which was a whopping 81.18% increase from the 2015-16 figure of Rs 570.86 crore. The party declared a total expenditure of Rs 710.05 crore.

BJP for its income has declared Rs 997.12 crore as having received grants or donations. This figure comprises of 96.41 percent of the party’s total income. The BJP received Rs 31.18 crore as income via banking means. Regarding expenses, the BJP spent Rs 606.04 crore for election and general ‘propaganda’. In contrast to the Congress party, the BJP spent a mere Rs 69.78 crores for administrative costs.

When it comes to all the seven national parties combined namely – BJP, INC, BSP, NCP, CPM, CPI and TMC, they declared a total income of Rs 1559.17 crore in 2015-16 and declared expenses worth Rs 1,228.26 crore.

This financial declaration by the national parties though hasn’t been without its controversy. As per the report, annual audited reports needed to be submitted by 30 October 2017 but the BJP submitted its on 8 February 2018 and the Congress on 19 March 2018.

Share and Support:
Support OpIndia by paying for content

Most read articles recently

Here is why BJP lost elections, and of course, it was deliberate

What BJP supporters need to realise is this - no political party ever wants to lose and least of all, a party led by the two most politically aggressive politicians the country has ever seen.
Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana, Mizoram assembly election results

Latest updates and breaking news on counting day: EC declares 3 wins in Madhya Pradesh, all 3 go to BJP

Latest news and updates from 2018 assembly election results of Madhya Pradesh, Chhattisgarh, Rajasthan, Telangana, and Mizoram.

India cannot turn into Islamic Nation, only Modi can understand gravity and do needful: Meghalaya HC

There should be uniform law for all Indian citizens, and anybody opposing the Indian laws and constitution cannot be considered as citizens of the country, Meghalaya High Court noted

Can the BJP satisfy its online supporters? If only it were Congress

BJP supporters online, also known as the ‘right wing’, are first to attack the party and write it off after electoral setbacks.

BJP’s real woes: Lessons from the electoral semi-finals

The prolonged silence of Prime Minister Narendra Modi and BJP President Amit Shah on election results was very telling. The results were clearly unexpected and possibly led to prolonged internal discussions on the future course of action.

Prashant Bhushan and left-liberal cabal was actively helping Vijay Mallya in UK court by attacking CBI special director Rakesh Asthana

Vijay Mallya's defence team was using Indian left-liberals' allegations agaist Rakesh Asthana in London court

Has PM Modi sounded the start of slog overs with the new RBI Governor’s appointment

Shaktikanta Das, who is currently a member of The Finance Commission and Former Finance Secretary (the one who presided over Demonetisation), has been appointed as the new RBI Governor by the Modi government
It is time for Congress and Gandhi Family mukt Bharat

Why Congress-mukt Bharat is still very much in progress

It is time BJP supporters understand the meaning of the term 'Congress-mukt Bharat'.

Mayawati extends support to Congress for Madhya Pradesh, may consider Rajasthan ‘to keep BJP out of power’

She said to defeat BJP in Rajasthan, too, BSP will extend support to Congress.

BJP may be weaker than it was in 2014, but Congress is not as strong as projected either

If Congress has not forgotten the 1996 elections, they would very well know they are on a sticky wicket here.

Latest articles

Connect with us

125,560FansLike
97,544FollowersFollow
6,058SubscribersSubscribe

Don't miss these