The Indian National Congress’s revenue fell by more than 58% in the 2020-21 financial year, from Rs 682.2 crore in the previous financial year to Rs 285.7 crore, according to its report. audit submitted to the Electoral Commission.
The party’s expenditure also fell from Rs 998.15 crore in the previous financial year, which was also the year of the 2019 Lok Sabha elections, to Rs 209 crore in the 2021 financial year, it said. revealed the report submitted to the EC on March 30.
Congress revenue for the financial year 2018-19 stood at Rs 918 crore. It has continued to decline since then.
Much of the party’s income came from “issuing coupons”, according to the audit report. The party said it received Rs 156.9 crore. Another source, ‘grants and donations’, contributed Rs 95.4 crore, while Rs 20.7 crore came from ‘fees and subscriptions’.
Other parties, including the Nationalist Congress Party and Janata Dal (United), have also submitted their reports on the audited accounts to the EC.
NCP’s income increased from Rs 85.5 crore in FY20 to Rs 34.9 crore in FY21. Its expenditure also increased from Rs 109.18 crore in the last FY at Rs 12.17 crore in 2020-21.
Meanwhile, Bhartiya Janata Party ally JD(U) saw its annual income rise from Rs 23.25 crore in FY20 to Rs 65.31 crore in FY21, and party expenditure also increased from Rs 10.67 crore to Rs 24.34 crore over the same period.
Last year, data submitted by election trusts to the EC showed a drop in contributions to other political parties while their share for the ruling BJP rose.
The contribution of Prudent Electoral Trust, one of the largest donors, to political parties declined by more than 9% as it donated Rs 245.7 crore in FY21 from Rs 271 crore of rupees in FY20. Its share for Congress fell by more than 93% from Rs 31 crore last year to just 2 crore this FY, an analysis of its contribution submitted to the EC showed. .
Donations for Congress have dropped significantly except in 2019 when contributions fell from Rs 10 crore in FY18 to Rs 39 crore in FY19. That year, the BJP received the maximum contributions among political parties.