The Monthly Account of the Union Government of India up to the month of December 2019 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 11,77,922 crores (56.6% of corresponding BE 19-20 of Total Receipts) up to December 2019 comprising ₹ 9,04,944 crore Tax Revenue (Net to Centre), ₹ 2,41,953 crore of Non Tax Revenue and ₹ 31,025 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 12,925 crore) and Disinvestment Proceeds (₹ 18,100 crore).

₹ 4,76,113 crores has been transferred to State Governments as Devolution of Share of Taxes by Government of India up to this period which is ₹ 10,738 crores lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 21,09,647 crores (75.7% of corresponding BE 19-20), out of which ₹ 18,54,125 crores is on Revenue Account and ₹ 2,55,522 crores is on Capital Account. Out of the Total Revenue Expenditure, ₹ 4,24,314 crores is on account of Interest Payments and ₹ 2,52,038 crores is on account of Major Subsidies.

Government receipts and expenditure review shows tax and non tax composition and reduced devolution to states. The consolidated monthly review sets out total receipts up to December 2019, showing composition by Tax Revenue, Non Tax Revenue and Non Debt Capital Receipts (loan recoveries and disinvestment), and records transfers to State Governments as Devolution of Share of Taxes. It distinguishes Total Expenditure into Revenue Expenditure and Capital Expenditure, noting that a substantial portion of revenue spending is on interest payments and major subsidies, and compares these aggregates to corresponding budget estimates.