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

The Government of India has received ₹10,28,931 crore (37.9% of corresponding BE 2023-24 of Total Receipts) upto August 2023 comprising ₹8,03,944 crore Tax Revenue (Net to Centre), ₹2,09,582 crore of Non-Tax Revenue and ₹15,405 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹9,804 crore and Miscellaneous Capital Receipts of ₹5,601 crore. ₹3,82,482 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹64,709 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹16,71,757 crore (37.1% of corresponding BE 2023-24), out of which ₹12,97,958 crore is on Revenue Account and ₹3,73,799 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹3,67,539 crore is on account of Interest Payments and ₹1,80,739 crore is on account of Major Subsidies. 

Central government receipts and expenditure reporting highlights increased tax devolution to states and major revenue versus capital outlays. Consolidated monthly accounts up to August 2023 present interim receipts comprising tax revenue, non tax revenue and non debt capital receipts (recovery of loans and miscellaneous capital receipts), and record the transfer to States as Devolution of Share of Taxes, which has risen year on year. Total expenditure is reported with a clear split between Revenue Expenditure and Capital Account spending; revenue expenditure notably includes interest payments and major subsidies as significant components.