Monthly Review of Accounts of Union Government of India upto the month of July, 2023 for the Financial Year 2023-24

The Monthly Account of the Union Government of India upto the month of July 2023 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹7,75,107 crore (28.5% of corresponding BE 2023-24 of Total Receipts) upto July 2023 comprising ₹5,82,585 crore Tax Revenue (Net to Centre), ₹1,78,804 crore of Non-Tax Revenue and ₹13,718 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹8,253 crore and Miscellaneous Capital Receipts of ₹5,465 crore.

₹3,09,521 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,08,413 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹13,80,700 crore (30.7% of corresponding BE 23-24), out of which ₹10,63,621 crore is on Revenue Account and ₹3,17,079 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,99,889 crore is on account of Interest Payments and ₹1,40,996 crore is on account of Major Subsidies.