Bhartiya Janta Party (BJP) has been found to the richest national political party in India, claims the Association for Democratic Reforms (ADR).

The ADR report, released on February 17, 2018, analyzed the details of income and expenditure of different national parties during the financial year 2016—17, submitted to the Election Commission of India (ECI) by the parties.

BJP, which formed a government in India in 2014, with a total of Rs 1,034.27 crore forms 66.34 percent of the combined income (1,559.17) of all other national parties during 2016-17, reveals the report.

BJP is followed by the Indian National Congress that declared collecting Rs 225.36 crore as party fund, which is 14.45 percent of the total income of all national parties added together.

Voluntary contributions

Voluntary contributions, as the report suggests, was one of the three major sources of income for both the parties (BJP- Rs 997.12 cr and INC- Rs 50.626 crore) while revenue from the issuance of coupons and interests from banks were among the other two major sources.

BJP declared Rs 997.12 crore in Grant/ donations/ contributions forming 96.41 percent of the total income of the party during 2016-17, cites the report.

Similarly, INC declared Rs 115.644 crore of their income under Revenue from the issuance of Coupons, which made 51.32 percent of their total income during FY 2016-17.

BJP’s income witnessed a whopping 81.18 percent increase this over, from Rs 570.86 crore in 2015-16 to Rs 1,034.27 crore in 2016-17. On the contrary, INC saw a 14 percent decline in their income, from Rs 261.56 crore in 2015-16 to Rs 225.36 crore in 2016-17.

BJP, as declared to ECI, could not spend their funds while INC overspent them.

As suggested by the report, the ruling party announced Rs 710.05 crore as total expenditure in the last financial year while INC’s reported incurred an expenditure of Rs 321.66 crore, Rs 96.30 crore higher than what they earned.

Other parties

Among other parties, Bahujan Samaj Party ran close to INC in fund generation in the financial year 2016-17.

The Mayawati-led party declared an annual income of Rs 173.58 crore during 2016-17, a whopping 266.32 increase over 2015-16 tally of Rs. 47.38. However, the party used only 30 percent (Rs. 51.83) of the total income.

Regional parties including The Communist Party of India (Marxist) and The Communist Party of India (CPI) declared their total income for FY 2016-17 as 100.26 crore and 2.079 crore respectively.