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

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

Government of India received ₹4,15,691 crore (15.3% of corresponding BE 2023-24 total revenue) till May 2023, comprising ₹2,78,045 crore of tax revenue (net to core), ₹1,34,655 non-tax revenue crore Income and ₹2,991 crore non-debt capital receipt. Non-debt capital receipts consist of loan recovery ₹2,941 crore and miscellaneous capital receipts of ₹50 crore. ₹1,18,280 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 ₹23,097 crore more than the previous year.

The total expenditure incurred by the Government of India is ₹6,25,978 crore (13.9% of corresponding BE 23-24), of which ₹4,58,189 crore is on the revenue account and ₹1,67,789 crore is on the capital account. Out of the total revenue expenditure, ₹1,10,663 crore is due to interest payments and ₹55,316 crore is due to major subsidies.

****

PPG/KMN