The Bharatiya Janata Party (BJP) has declared a total income of ₹4,340.473 crore during FY 2023-24 but spent only 50.96 per cent of it, amounting to ₹2,211.698 crore, an analysis by election watchdog, Association for Democratic Reforms (ADR), said on February 17.
The Congress party‘s total income for the same financial year was ₹1,225.119 crore, while its expenditure for the year was ₹1,025.248 crore, which is 83.69 per cent of its total income, the ADR analysis said.
The ADR analysed the national parties’ total income and expenditure incurred all over India during FY 2023-24, as declared by the parties in their annual audit report submitted to the Election Commission of India (ECI).
There are six national parties in India. Apart from the BJP and the Congress, the other national parties inlcude the Bahujan Samaj Party (BSP), the Communist Party of India- Marxist (CPIM), the Aam Aadmi Party (AAP) and the National People’s Party (NPEP).
The due date for submission of annual audited accounts for the parties was October 31, 2024.
Only the BSP, the NPEP, and the AAP submitted their audit reports on time, while the CPI(M), the INC, and the BJP submitted them after a delay of 12 days, 53 days, and 66 days, respectively, the ADR said.
Here are the key findings from the analysis:
- CPI(M)’s total income was ₹167.636 crore. The party spent ₹127.283 crore, which is 75.93 per cent of its income.
- BSP’s total income was ₹64.7798 crore, while its expenditure for the year was ₹43.189 crore, which is 66.67 per cent of its total income.
Total Income of national parties for FY 2023-24
- The total income of the 6 national parties has been compiled from the income from various sources pan India, as submitted in their annual audit reports.
- These parties (BJP, INC, CPI(M), AAP, BSP and NPEP) have declared a total income of ₹5820.912 crore, collected from all over India.
- The BJP has shown the highest income among the national parties, with an income of ₹4340.473 crore during FY 2023-24. This forms 74.567 per cent of the total income of six national parties during FY 2023-24.
- The Congress declared the second-highest income of ₹1225.119 cr, which forms 21.047 per cent of the total income of the 6 national parties.
Comparison of total income of national political parties between FY 2022-23 & FY 2023-24
The BJP’s financial strength is a clear indication of its political influence in India.
