Monthly Account of the Government of India up to January 2018 for the Financial Year 2017-18 consolidated; Government of India received ₹ 11,63,386 crore (71.7% of corresponding RE 17-18 of Total Receipts) upto January 2018;

Rs.4,81,477 crore transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is ₹ 58,631 crore higher than the corresponding period of last year 2016-17.

The Monthly Account of the Union Government of India upto January 2018 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 11,63,386 crore (71.7% of corresponding RE 17-18 of Total Receipts) upto January 2018 comprising ₹ 9,71,323 crore Tax Revenue (Net to Centre), ₹ 1,24,364 crore of Non Tax Revenue and ₹ 67,699 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs.12,156 crore) and Disinvestment of PSUs (Rs.55,543 crore).

Rs.4,81,477 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India in this period which is ₹ 58,631 crore higher than the corresponding period of last year 2016-17.

Total Expenditure incurred by the Government of India is ₹ 18,39,945 crore (83.0% of corresponding RE 17-18), out of which ₹ 15,75,780 crore is on Revenue Account and ₹ 2,64,165 crore is on Capital Account.Out of the total Revenue Expenditure, ₹ 4,14,238 crore is on account of Interest Payments and ₹ 2,18,581 crore is on account of Major Subsidies.

Central government receipts and tax devolution disclosed, with expenditure composition and key revenue outlays detailed. Monthly consolidated account up to January 2018 reports Union Government receipts composed of Tax Revenue (Net to Centre), Non-Tax Revenue, and Non-Debt Capital Receipts (loan recoveries and PSU disinvestment); records transfers to States as devolution of share of taxes and an increase over the prior year period; and details total expenditure split into Revenue and Capital accounts with major Revenue Expenditure items identified as Interest Payments and Major Subsidies.