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

The Government of India has received ₹15,90,712 crore (58.6% of corresponding BE 2023-24 of Total Receipts) upto October 2023 comprising ₹13,01,957 crore Tax Revenue (Net to Centre), ₹2,65,765 crore of Non-Tax Revenue and ₹22,990 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹14,990 crore and Miscellaneous Capital Receipts of ₹8,000 crore.

The Government of India has transferred ₹5,28,405 crore to State Governments as Devolution of Share of Taxes upto this period which is ₹93,966 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹23,94,412 crore (53% of corresponding BE 2023-24), out of which ₹18,47,488 crore is on Revenue Account and ₹5,46,924 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹5,45,086 crore is on account of Interest Payments and ₹2,31,694 crore is on account of Major Subsidies.

Fiscal receipts and devolution: monthly accounts show receipts mix, increased tax devolution to states, and revenue versus capital outlays. Monthly fiscal accounts summarise the Union Government's receipts-Tax Revenue, Non-Tax Revenue and Non-Debt Capital Receipts (loan recoveries and miscellaneous capital receipts)-and report increased Devolution of Share of Taxes to states. Expenditure is presented as Revenue Expenditure, including interest payments and major subsidies, and Capital Expenditure, reflecting central government outflows through the reported period.