Monthly Review of Accounts of Union Government of India

Illustration of financial concept

Feb 01: The Monthly Account of the Union Government of India up to December 2023 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹20,71,939 crore (76.3% of corresponding BE 2023-24 of Total Receipts) up to December 2023 comprising ₹17,29,931 crore Tax Revenue (Net to Centre), ₹3,12,358 crore of Non-Tax Revenue and ₹29,650 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consist of Recovery of Loans ₹19,597 crore and Miscellaneous Capital Receipts of ₹10,053 crore. ₹7,47,288 crore has been transferred to State Governments as Devolution of Share of Taxes by the Government of India up to this period which is ₹1,37,851 crore higher than the previous year.

Total Expenditure incurred by the Government of India is ₹30,54,217 crore (67.8% of corresponding BE 2023-24), out of which ₹23,80,587 crore is in Revenue Account and ₹6,73,630 crore is in Capital Account. Out of the Total Revenue Expenditure, ₹7,48,207 crore is on account of Interest Payments and ₹2,76,804 crore is on account of Major Subsidies. 

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