BJP’s FY24 income stood at whooping ₹4340 cr – that’s three times more than 5 national parties combined: Report

The Bharatiya Janata Party (BJP) has declared a total income of ₹4,340.473 crore during FY 2023-24 but spent only50.96 per centof 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 ₹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 BSP, NPEP, and AAP submitted their audit reports on time, while CPI(M), INC, and BJP submitted them after a delay of 12 days, 53 days, and 66 days, respectively, the ADR said.

Here are key findings from the analysis:

• CPI(M)’s total income was ₹167.636 crore while the party spent ₹127.283 crore which is 75.93 per centof its income.
• BSP’s total income was ₹64.7798 crore, while its expenditure for the year ₹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 atotal income of ₹5820.912 crore, collected from all over India.
• BJP has shown the highest income amongst 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.
• Congerss declared the second-highest income of ₹1225.119 cr, which forms 21.047 percent 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.