The ruling Bharatiya Janata Party (BJP) has declared a total income of more than Rs. 1,000 crore in 2017-18 spending over Rs. 750 crore in the year. The income and expenditure of the Congress party is not known as the party is yet to submit its audited reports to the Election Commission.
According to a report by election watchdog Association for Democratic Reforms (ADR) released on Monday, the BJP’s total income for 2017-18 stood at Rs. 1,027.339 crore followed by the Communist Party of India-Marxist (CPI-M) at Rs. 104.847 crore. The Mayawati-led BSP declared a total income of Rs. 51.694 crore in the year. The BJP’s income for the year came down by nearly Rs. 7 crore as compared to Rs. 1,034.27 crore total income it had declared in 2016-17.
On the expenditure front, the BJP spent Rs. 758.47 crore in the year, followed by the CPI-M at Rs. 83.482 crore and the BSP which spent Rs. 14.78 crore. The Sharad Pawar-led Nationalist Congress Party (NCP) declared a total income of Rs. 8.15 crore but spent Rs. 8.84 crore, an excess of Rs. 69 lakh over what it earned during the year.
Trinamool Congress declared a total income of Rs. 5.167 crore while the Communist Party of India (CPI)’s total income was Rs. 1.55 crore. The Congress, which in 2016-17 earned Rs. 225.36 crore, is yet to submit its copy of Income Tax returns for the year. The due date for submission of annual audited accounts for the parties was October 30.