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

The Government of India has received ₹20,71,939 crore (76.3% of corresponding BE 2023-24 of Total Receipts) upto December 2023 comprising ₹17,29,931 crore Tax Revenue (Net to Centre), ₹3,12,358 crore of Non-Tax Revenue and ₹29,650 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹19,597 crore and Miscellaneous Capital Receipts of ₹10,053 crore. ₹7,47,288 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,37,851 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹30,54,217 crore (67.8% of corresponding BE 2023-24), out of which ₹23,80,587 crore is on Revenue Account and ₹6,73,630 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹7,48,207 crore is on account of Interest Payments and ₹2,76,804 crore is on account of Major Subsidies. 

Government receipts, tax devolution and expenditure composition signal fiscal position through December 2023. Consolidated monthly accounts up to December 2023 record central receipts made up of tax revenue net to the Centre, non-tax revenue and non-debt capital receipts (including loan recoveries and miscellaneous capital receipts), and note an increased Devolution of Share of Taxes to State Governments. The statement presents Total Expenditure split into revenue and capital accounts, with revenue expenditure prominently comprising interest payments and major subsidies.