Politics

BJP, Congress, other national parties declare 2022-23 income. Who earned the most?

By - 01 Mar 2024 09:45 PM

Six national parties, including the Bharatiya Janta Party (BJP) and Congress, have declared a total income of nearly ₹3,077 crore in the 2022-23 fiscal, the Association for Democratic Reforms (ADR) said on Wednesday. According to the ADR report, the BJP has the maximum share in the declared total income of the parties.With around ₹2,361 crore, the report said that the ruling BJP’s income constitutes 76.73 per cent of the total income of the six national parties during FY 2022-23.

Congress declared the second-highest income of ₹452.375 crore, forming 14.70 per cent of the total income of the six national parties.

Other than the BJP and Congress, the Communist Party of India (Marxist) (CPI-M), Bahujan Samaj Party (BSP), Aam Aadmi Party (AAP), and National People’s Party (NPP) have declared their income.The BJP, Congress and AAP collected 49.09 per cent or ₹1,510.61 crore of the national parties’ total income from donations through electoral bonds for FY 2022-23.

Through electoral bonds, BJP received ₹1,294.15 crore, Congress ₹171.02 crore, and AAP ₹45.45 crore.

The ADR report, citing data shared by the SBI in response to its RTI, said electoral bonds worth ₹2,797.356 crore were redeemed by parties in FY 2022-23. 54 per cent or ₹1,510.62 crore of this has been redeemed by national parties.

Between 2021-22 and 2022-23, the BJP’s income increased by 23.15 per cent or ₹443.724 crore from ₹1,917.12 crore to ₹2,360.84. During the same time, AAP’s income increased by 91.23 per cent ( ₹40.631 crore) from ₹44.539 crore to ₹85.17 crore.The only party from the northeast to have the national party status, the income of the National People’s Party (NPP) increased from ₹47.20 lakh during FY 2021-22 to ₹7.562 crore during FY 2022-23, a rise of 1,502.12 per cent or ₹7.09 crore.

Citing the national parties’ records submitted to the Election Commission, the ADR report said that between 2021-22 fiscal and 2022-23 fiscal, the income of the Congress, CPI(M) and BSP decreased by 16.42 per cent ( ₹88.90 crore), 12.68 per cent ( ₹20.57 crore) and 33.14 per cent ( ₹14.50 crore), respectively.

BJP, the report said, declared a total income of ₹2,360.844 crore during FY 2022-23, but spent only 57.68 per cent, which comes to ₹1,361.684 crore of the total income. While Congress’ total income was ₹452.375 crore, it spent ₹467.135 crore, with its expenditure for that year exceeding its total income by 3.26 per cent.The CPI(M)’s total income was ₹141.661 crore while it spent ₹106.067 crore (74.87 per cent of its income), and AAP’s total income was ₹85.17 crore while it spent ₹102.051 crore, its expenditure for that year exceeding its total income by 19.82 per cent.