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

The Government of India has received ₹5,72,845 crore (18.6% of corresponding BE 2024-25 of Total Receipts) upto May 2024 comprising ₹3,19,036 crore Tax Revenue (Net to Centre), ₹2,51,722 crore of Non-Tax Revenue and ₹2,087 crore of Non-Debt Capital Receipts, on account of Recovery of Loans. ₹1,39,751 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹21,471 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹6,23,460 crore (13.1% of corresponding BE 2024-25), out of which ₹4,79,835 crore is on Revenue Account and ₹1,43,625 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹1,23,810 crore is on account of Interest Payments and ₹54,688 crore is on account of Major Subsidies. 

 

Government receipts and expenditure reporting through May highlights tax and non tax revenues, state devolution, and expenditure composition. Receipts through May 2024 comprise tax revenue, non tax revenue and non debt capital receipts with a substantial transfer to States as devolution of tax share. Expenditure is split between revenue and capital accounts, with interest payments and major subsidies highlighted as principal revenue outgo items, reflecting the interim composition of central fiscal operations.