The Monthly Account of the Government of India upto the month of January 2024 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹22,52,128 crore (81.7% of corresponding BE 2023-24 of Total Receipts) upto January 2024 comprising ₹18,79,840 crore Tax Revenue (Net to Centre), ₹3,38,069 crore of Non-Tax Revenue and ₹34,219 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹21,664 crore and Miscellaneous Capital Receipts of ₹12,555 crore. ₹8,20,250 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,52,480 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹33,54,730 crore (74.7% of corresponding RE 2023-24), out of which ₹26,33,543 crore is on Revenue Account and ₹7,21,187 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹8,21,731 crore is on account of Interest Payments and ₹3,15,559 crore is on account of Major Subsidies. 

Central government fiscal receipts and devolution monitoring shows receipts shortfall against budget while expenditure tracking remains below revised estimates. Consolidated central fiscal data to January 2024 present receipts made up of Tax Revenue (Net to Centre), Non Tax Revenue and Non Debt Capital Receipts, with a significant transfer to States as Devolution of Share of Taxes; expenditures are reported against the Revised Estimate and categorised into Revenue and Capital accounts, with Interest Payments and Major Subsidies prominent among Revenue Expenditure.