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

The Government of India has received ₹ 1,53,581 crore (6.84% of corresponding  BE 2020-21 of Total Receipts) upto Jun, 2020 comprising ₹ 1,34,822 crore Tax Revenue (Net to Centre),  ₹ 15,186 crore of  Non Tax Revenue and ₹ 3,573 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (₹ 3,573 crore)

₹ 1,34,043 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 14,588 crore lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 8,15,944 crore (26.82% of corresponding BE 2020-21), out of which ₹ 7,27,671 crore  is on Revenue Account and ₹ 88,273 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 1,60,493 crore is on account of Interest Payments and ₹ 78,964 crore is on account of Major Subsidies.

Union government receipts and expenditure reveal reduced devolution to states and substantial interest and subsidy outgo. Consolidation of June 2020 monthly accounts shows central receipts comprised of tax revenue (net), non tax revenue and non debt capital receipts, with a substantial portion of tax proceeds transferred to states under devolution; the devolved amount is lower than the prior year. Expenditure is dominated by revenue spending, with interest payments and major subsidies as principal components, reflecting debt servicing and subsidy burdens that constrain the Centre's fiscal space for the period.