Monthly Review of Accounts of Union Government of India upto the month of July, 2020 for the Financial Year 2020-21

The Monthly Account of the Union Government of India upto the month of July, 2020 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 2,32,860 crore (10.4% of corresponding  BE 2020-21 of Total Receipts) upto July, 2020 comprising ₹ 2,02,788 crore Tax Revenue (Net to Centre),  ₹ 24,614 crore of  Non Tax Revenue and ₹ 5,458 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 5,455 crore) and Disinvestment proceeds (₹ 3 crore)

₹ 1,76,009 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 23,903 crore lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 10,54,209 crore (34.65% of corresponding BE 2020-21), out of which ₹ 9,42,360 crore  is on Revenue Account and ₹ 1,11,849 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 1,98,584 crore is on account of Interest Payments and ₹ 1,04,638 crore is on account of Major Subsidies.