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

The Government of India has received ₹22,45,922 crore (81.5% of corresponding RE 2023-24 of Total Receipts) upto February, 2024 comprising ₹18,49,452 crore Tax Revenue (Net to Centre), ₹3,60,330 crore of Non-Tax Revenue and ₹36,140 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹23,480 crore and Miscellaneous Capital Receipts of ₹12,660 crore. ₹10,33,433 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹2,25,345 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹37,47,287 crore (83.4% of corresponding RE 2023-24), out of which ₹29,41,674 crore is on Revenue Account and ₹8,05,613 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹8,80,788 crore is on account of Interest Payments and ₹3,60,997 crore is on account of Major Subsidies. 

Devolution of share of taxes rose, reshaping central receipts and the allocation between revenue and capital expenditure. Monthly fiscal consolidation up to February 2024 reports central receipts from Tax Revenue, Non Tax Revenue and Non Debt Capital Receipts relative to revised estimates, and records the Devolution of Share of Taxes transferred to States. It presents Total Expenditure and its split into Revenue and Capital Expenditure, with Interest Payments and Major Subsidies identified as significant components of revenue outlays.