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

The Government of India has received ₹ 45,498 crore (2.03% of corresponding  BE 2020-21 of Total Receipts) upto May 2020 comprising ₹ 33,850 crore Tax Revenue (Net to Centre),  ₹ 10,817 crore of  Non Tax Revenue and ₹ 831 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 831 crore). ₹ 92,077 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 7,010 crore lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 5,11,841 crore (16.82% of corresponding BE 2020-21), out of which ₹ 4,56,635 crore  is on Revenue Account and ₹ 55,206 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 78,265 crore is on account of Interest Payments and ₹ 67,469 crore is on account of Major Subsidies.

Central Government receipts and expenditure composition show tax revenue dominance and high revenue spending on interest and subsidies. Monthly accounts to May 2020 show Union Government receipts comprising Tax Revenue (Net to Centre), Non Tax Revenue, and Non Debt Capital Receipts (loan recoveries), with transfers to States as Devolution of Share of Taxes running below the prior year. Total Expenditure is split into Revenue Expenditure and Capital Expenditure, with major components of revenue spending being Interest Payments and Major Subsidies, and proportions expressed relative to the 2020 21 budget estimates.