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    Home»Politics»BJP’s annual income rises 83 pc to Rs 2,360 crore, declares highest ever receipts from bonds by a party
    Politics

    BJP’s annual income rises 83 pc to Rs 2,360 crore, declares highest ever receipts from bonds by a party

    News Analysis IndiaBy News Analysis IndiaJanuary 28, 20253 Mins Read
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    BJP’s annual income rose 83 per cent form Rs 2,360.8 crore in 2022-23 to Rs 4,340.5 crore in 2023-24. Out of this, Rs 1,685.6 crore came through electoral bonds, revealed the party’s latest annual audit report filed with EC. This is the highest ever annual income or receipts from bonds declared by a party. Of the total Rs 3,967 crore voluntary contributions declared by BJP in its 2023-24 audit report,Rs 236.3 crore from Aajiwan Sahayog Nidhi and Rs 2,042.7 crore from ‘other’ contributions. Individual donors contributed around Rs 240 crore to BJP, corporates Rs 1,890 crore, institutions and welfare bodies Rs 101.2 crore and others Rs 50 crore.

    Congress’ annual income, on the other hand, surged by 170 per cent over the same period. The opposition party also recorded a steep 384 per cent increase in its receipts via bonds, which rose to Rs 828.4 crore in FY24 from Rs 171 crore in FY23. Congress has the second highest income as well as receipts from bonds.

    Congress surpassed BRS on both counts. The party declared a total income of Rs 685.5 crore, and TMC received Rs 612.4 crore in bonds in 2023-24. Congress’ total income for the last fiscal included Rs 113.4 crore from individual donors, Rs 170 crore from corporate donors, Rs 6.4 crore from electoral trusts and foundations, Rs 828.4 crore from bonds, and Rs 11.4 crore ‘others’.It received an additional Rs 22 crore from fee and subscriptions, and collected Rs 58.5 crore from issuance of coupons and sale of publications.BJP’s expenditure up 62% in FY24, Congress’ by 120%BJP spent a total of Rs 2,211.7 crore in the pervious financial year, 62 per cent more than Rs 1,361.7 crore it had declared in 2022-23. Of this, Rs 1,754 crore was spent on election and general propaganda.

    Congress ran up an annual expenditure of Rs 1,025.2 crore in 2023-24, up 120% from Rs 467.1 crore in 2022-23.

    Out of the total amount, about Rs 49.6 crore was spent on Rahul Gandhi’s Bharat Jodo Nyay Yatra that took place between January 14 and March 16, 2024, as against Rs 71.8 crore spent on the first edition of his Bharat Jodo Yatra undertaken from September 7, 2022 to January 30, 2023.

    According to the audit report, BJP spent Rs 1,195 crore on advertisement and publicity, Rs 196.8 crore on travelling and Rs 191 crore on financial assistance to candidates.

    As on March 31, 2024, BJP had Rs 109.2 crore as cash in hand, Rs 1,627.2 crore as balance with banks and Rs 5,377.3 crore in fixed deposits. On March 31, 2023, the party had Rs 42 crore as cash in hand, Rs 311 crore as bank balance and Rs 5,071.4 crore in fixed deposits.

    Congress declared an expenditure of Rs 4.9 crore on pre-poll surveys in 2023-24, down from 40.1 crore spent the previous year.

    BJP BJP annual income BJP audit report BJP expenditure on elections BJP financial report 2023-24 BJP income BJP poll bonds Congress financial contributions Congress income increase Electoral Bonds
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