The Accounts of the Government of India (Provisional/Unaudited) for the Financial Year 2023-24 has been consolidated and reports published. The highlights are given below: -

The Government of India has received ₹27,88,872 crore (101.2% of corresponding RE 2023-24 of Total Receipts) during 2023-24 comprising ₹23,26,524 crore Tax Revenue (Net to Centre), ₹4,01,888 crore of Non-Tax Revenue and ₹60,460 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (₹27,338 crore) and Miscellaneous Capital Receipts (₹33,122 crore). ₹11,29,494 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,81,088 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹44,42,542 crore (98.9% of corresponding RE 2023-24), out of which ₹34,94,036 crore is on Revenue Account and ₹9,48,506 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹10,63,871 crore is on account of Interest Payments and ₹4,13,542 crore is on account of Major Subsidies. 

Government receipts and expenditure balance shows receipts near estimates while transfers to states and interest costs drive expenditure. Consolidated provisional accounts show receipts comprising tax revenue, non tax revenue and non debt capital receipts, with a materially higher transfer to states under devolution of share of taxes. Expenditure is split into revenue and capital accounts, with revenue expenditure including interest payments and major subsidies; receipts and outlays are compared to revised estimates for the year.