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

The Government of India has received ₹10,23,406 crore (31.9% of corresponding BE 2024-25 of Total Receipts) upto July, 2024 comprising ₹7,15,224 crore Tax Revenue (Net to Centre), ₹3,01,796 crore of Non-Tax Revenue and ₹6,386 crore of Non-Debt Capital Receipts. ₹3,66,630 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹57,109 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹13,00,351 crore (27.0% of corresponding BE 2024-25), out of which ₹10,39,091 crore is on Revenue Account and ₹2,61,260 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹3,27,887 crore is on account of Interest Payments and ₹1,25,639 crore is on account of Major Subsidies. 

Public finance receipts composition shows tax and non tax revenue mix and increased tax devolution to states. Consolidated monthly accounts up to July 2024 present receipts by tax revenue (net), non tax revenue and non debt capital receipts and note a marked increase in devolution of share of taxes to States. Expenditure is classified into revenue and capital, with revenue expenditure dominating; interest payments and major subsidies are identified as principal components. The report relates both receipts and expenditure to the corresponding Budget Estimate, indicating the pace and composition of central fiscal flows in the period.