The Monthly Account of the Union Government of India for the month of April 2023 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹1,70,501 crore (6.3% of corresponding BE 2023-24 of Total Receipts) for April 2023 comprising ₹1,58,901 crore Tax Revenue (Net to Centre), ₹10,958 crore of Non-Tax Revenue and ₹642 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹592 crore and Miscellaneous Capital Receipts of ₹9 crore. ₹59,140 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹11,548 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹3,04,096 crore (6.8% of corresponding BE 2023-24), out of which ₹2,25,639 crore is on Revenue Account and ₹78,457 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹47,929 crore is on account of Interest Payments and ₹25,161 crore is on account of Major Subsidies.

Public finance receipts and expenditures highlight tax revenue dominance and elevated state devolutions in early fiscal implementation. Union government receipts for April 2023 are dominated by tax collections, supplemented by non tax receipts and limited non debt capital receipts including loan recoveries and miscellaneous capital receipts. A material portion of receipts was allocated to states through Devolution of Share of Taxes, higher than the prior period. Government spending is divided between Revenue Expenditure (including interest payments and major subsidies) and Capital Account outlays, reflecting primary fiscal flows against budget estimates.