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

The Government of India has received ₹20,39,728 crore (83.9% of corresponding RE 2022-23 of Total Receipts) upto February, 2023 comprising ₹17,32,193 crore Tax Revenue (Net to Centre), ₹2,48,635 crore of Non-Tax Revenue and ₹58,900 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹20,229 crore and Miscellaneous Capital Receipts of ₹38,671 crore. ₹8,08,088 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹20,266 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹34,93,590 crore (83.4% of corresponding RE 2022-23), out of which ₹29,03,363 crore is on Revenue Account and ₹5,90,227 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹7,98,957 crore is on account of Interest Payments and ₹4,59,547 crore is on account of Major Subsidies. 

****

PPG/KMN

Government fiscal receipts and expenditures review shows tax and non tax composition and transfer to states affecting fiscal balance. Consolidated monthly accounts up to February 2023 report receipts comprising tax revenue, non tax revenue, and non debt capital receipts, and note the transfer of a share of taxes to State Governments. Expenditure is classified into revenue and capital accounts, with revenue expenditure including interest payments and major subsidies. The statement indicates the proportions of revised estimates realized by February for both receipts and expenditures, allowing interim assessment of the Union Government's fiscal position and composition.