The Monthly Account of the Union Government of India upto the month of January, 2023 has been consolidated and reports published. The highlights are given below:

The Government of India has received ₹19,76,483 crore (81.3% of corresponding RE 2022-23 of Total Receipts) upto January, 2023 comprising ₹16,88,710 crore Tax Revenue (Net to Centre), ₹2,30,939 crore of Non-Tax Revenue and ₹57,194 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹18,523 crore and Miscellaneous Capital Receipts of ₹38,671 crore. ₹6,67,770 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,22,378 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹31,67,648 crore (75.7% of corresponding RE 2022-23), out of which ₹25,97,756 crore is on Revenue Account and ₹5,69,892 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹7,38,658 crore is on account of Interest Payments and ₹3,99,400 crore is on account of Major Subsidies. 

Union government monthly accounts show receipts composition and expenditure split, highlighting devolution to states and revenue pressures. The consolidated monthly accounts up to January 2023 report aggregates of the Union Government's receipts-Tax Revenue (Net to Centre), Non Tax Revenue and Non Debt Capital Receipts (loan recoveries and miscellaneous)-and notes realised proportions against revised estimates, including increased transfers to States as Devolution of Share of Taxes. Expenditure is classified into Revenue and Capital, highlighting Interest Payments and Major Subsidies within Revenue Expenditure, thereby indicating current budgetary absorption and compositional pressures between revenue and capital outlays.