The Monthly Account of the Union Government of India upto the month of July, 2022 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹7,85,914 crore (34.4% of corresponding BE 2022-23 of Total Receipts) upto July, 2022 comprising ₹6,66,212 crore Tax Revenue (Net to Centre), ₹89,583 crore of Non-Tax Revenue and ₹30,119 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹5,559 crore and Miscellaneous Capital Receipts of ₹24,560 crore. ₹2,01,108 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹36,044 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹11,26,745 crore (28.6% of corresponding BE 2022-23), out of which ₹9,18,075 crore is on Revenue Account and ₹2,08,670 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,83,870 crore is on account of Interest Payments and ₹1,09,707 crore is on account of Major Subsidies.

Union government fiscal receipts and expenditure: receipts lag expenditures while tax devolution to states increased year on year. Monthly fiscal consolidation up to July 2022 shows receipts made up of net tax revenue, non tax revenue and non debt capital receipts (loan recoveries and miscellaneous capital receipts), with a substantially higher transfer to states by way of tax devolution compared with the previous year. Total expenditure is split between revenue and capital accounts, with interest payments and major subsidies forming large components of revenue expenditure.