Monthly Review of Accounts of Government of India upto January, 2024 for the Financial Year 2023-24

The Monthly Account of the Government of India upto the month of January 2024 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹22,52,128 crore (81.7% of corresponding BE 2023-24 of Total Receipts) upto January 2024 comprising ₹18,79,840 crore Tax Revenue (Net to Centre), ₹3,38,069 crore of Non-Tax Revenue and ₹34,219 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹21,664 crore and Miscellaneous Capital Receipts of ₹12,555 crore. ₹8,20,250 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,52,480 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹33,54,730 crore (74.7% of corresponding RE 2023-24), out of which ₹26,33,543 crore is on Revenue Account and ₹7,21,187 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹8,21,731 crore is on account of Interest Payments and ₹3,15,559 crore is on account of Major Subsidies.