The monthly account of the Union Government of India up to the month of July 2023 has been consolidated and the reports have been published. The highlights are given below:-
Government of India has received ₹7,75,107 crore (28.5% of corresponding BE 2023-24 total revenue) till July 2023, out of which ₹5,82,585 crore is tax revenue (excluding centre), ₹1, 78,804 crore of non-tax revenue and ₹13,718 crore of non-debt capital revenue. Non-debt capital receipts consist of loan recovery of ₹8,253 crore and miscellaneous capital receipts of ₹5,465 crore.
₹3,09,521 crore was transferred to the state governments as a devolution of the share of taxes by the Government of India till this period which is ₹1,08,413 crore more than the previous year.
The total expenditure incurred by the Government of India is ₹13,80,700 crore (30.7% of corresponding BE 23-24), of which ₹10,63,621 crore is on the revenue account and ₹3,17,079 crore is on the capital account. Of the total revenue expenditure, ₹2,99,889 crore is due to interest payments and ₹1,40,996 crore is due to major subsidies.
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NB/VM/KMN
