The Monthly Account of the Union Government of India upto the month of May 2021 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹ 3,54,787 crore (17.95% of corresponding BE 21-22 of Total Receipts) for May 2021 comprising ₹ 2,33,565 crore Tax Revenue (Net to Centre),  ₹ 1,16,412 crore of Non Tax Revenue and ₹ 4,810 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans ₹ 815 crore and Disinvestment Proceeds of ₹ 3,995 crore.

₹ 78,349 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹ 13,728 crore lower than the previous year.

Total Expenditure incurred by Government of India is ₹ 4,77,961 crore (13.72% of corresponding BE 21-22), out of which ₹ 4,15,000 crore  is on Revenue Account and ₹ 62,961 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹ 88,573 crore is on account of Interest Payments and ₹ 62,664 crore is on account of Major Subsidies.

Union government receipts and expenditure composition shows tax, non tax, non debt receipts and reduced state devolution transfers. Monthly accounts for May 2021 show receipts composed of Tax Revenue (Net to Centre), Non Tax Revenue and Non Debt Capital Receipts (loan recoveries and disinvestment). The statement records transfers to States as Devolution of Share of Taxes, notes a year on year decline in that transfer, and presents total expenditure divided into Revenue Expenditure-with significant Interest Payments and major subsidies-and Capital Expenditure for the period.