The Monthly Account of the Union Government of India upto the month of August, 2018 has been consolidated and reports published.

The highlights are given below:-

Total Expenditure incurred by Government of India is ₹ 10, 70,859 crore (43.85% of corresponding BE 18-19), out of which ₹ 9,38,641 crore is on Revenue Account and ₹ 1,32,218 crore is on Capital Account. Out of the total Revenue Expenditure, ₹ 2,19,111 crore is on account of  Interest Payments and ₹ 1,70,617 crore is on account of Major Subsidies.

The Government of India has received ₹ 4,79,568 crore (26.38% of corresponding  BE 18-19 of Total Receipts) up to  August, 2018 comprising ₹ 3,66,216 crore Tax Revenue (Net to Centre),  Rs. 98,332 crore of Non-Tax Revenue and ₹ 15,020 crore of Non Debt Capital Receipts.    Non-Debt Capital Receipts consists of Recovery of Loans (Rs.5,596 crore) and  Disinvestment of  PSUs (Rs. 9,424 crore).

₹ 2,67,302 crore has been transferred to State Governments as Devolution of  Share of Taxes by the Government of India up to this period which is ₹ 26,390 crore higher than the corresponding period of last year 2017-18.

Government budgetary position shows higher expenditure than receipts; tax revenue and state devolution trends noted. The consolidated monthly account to August 2018 presents the Union Government's budgetary flows for 2018 19, showing total expenditure dominated by revenue spending-including interest payments and major subsidies-and a capital component. Receipts are categorized into net tax revenue, non tax revenue, and non debt capital receipts (loan recoveries and disinvestment proceeds). The statement also records increased devolution of tax shares to State governments compared with the prior year.