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

The Government of India has received ₹7,75,107 crore (28.5% of corresponding BE 2023-24 of Total Receipts) upto July 2023 comprising ₹5,82,585 crore Tax Revenue (Net to Centre), ₹1,78,804 crore of Non-Tax Revenue and ₹13,718 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹8,253 crore and Miscellaneous Capital Receipts of ₹5,465 crore.

₹3,09,521 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,08,413 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹13,80,700 crore (30.7% of corresponding BE 23-24), out of which ₹10,63,621 crore is on Revenue Account and ₹3,17,079 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,99,889 crore is on account of Interest Payments and ₹1,40,996 crore is on account of Major Subsidies. 

Government receipts and expenditure review shows receipts composition, higher devolution to states, and major revenue and capital outlays. Monthly consolidation up to July 2023 reports total receipts of Rs.7,75,107 crore comprising Tax Revenue (Net), Non-Tax Revenue and Non-Debt Capital Receipts; devolution to States is Rs.3,09,521 crore. Total expenditure is Rs.13,80,700 crore divided into Revenue Expenditure and Capital Expenditure, with Interest Payments and Major Subsidies forming large items of revenue outlay.