<h1>India's 2023 Budget: 58.6% of Targets Achieved by October; Tax Revenue Hits Rs. 13 Trillion; State Transfers Rise Significantly.</h1> The Union Government of India reported total receipts of Rs. 15,90,712 crore up to October 2023, representing 58.6% of the budget estimates for the 2023-24 financial year. This includes Rs. 13,01,957 crore in net tax revenue, Rs. 2,65,765 crore in non-tax revenue, and Rs. 22,990 crore in non-debt capital receipts. The government transferred Rs. 5,28,405 crore to state governments, which is Rs. 93,966 crore more than the previous year. Total expenditure reached Rs. 23,94,412 crore, with Rs. 18,47,488 crore on revenue account and Rs. 5,46,924 crore on capital account, including significant allocations for interest payments and major subsidies.