The Monthly Account of the Union Government of India upto the month of January 2020 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 12,82,857 crore (66.41% of corresponding RE 19-20 of Total Receipts) upto January 2020 comprising ₹ 9,98,037 crore Tax Revenue (Net to Centre),  ₹ 2,52,083 crore of  Non Tax Revenue and ₹ 32,737 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 14,386 crore) and Disinvestment Proceeds (₹ 18,351 crore).

₹ 5,30,735 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 11,003 crore lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 22,68,329,crore (84.06% of corresponding RE 19-20), out of which ₹ 20,00,595 crore is on Revenue Account and ₹ 2,67,734 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 4,71,916 crore is on account of Interest Payments and ₹ 2,62,978 crore is on account of Major Subsidies.

Union government receipts and expenditure review shows tax receipts dominance and lower devolution to states. The consolidated monthly accounts through January 2020 show central receipts led by tax revenue, supported by non tax revenue and non debt capital receipts, and report that devolution of share of taxes to states is lower than the previous year. Total Expenditure is concentrated on revenue expenditure-notably interest payments and major subsidies-with a smaller share on capital account, indicating fiscal allocation among transfers, revenue commitments, and capital outlays.