Monthly Account upto month of May 2023 reports published

The Monthly Account of the Union Government of India upto the month of May 2023 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹4,15,691 crore (15.3% of corresponding BE 2023-24 of Total Receipts) upto May 2023 comprising ₹2,78,045 crore Tax Revenue (Net to Centre), ₹1,34,655 crore of Non-Tax Revenue and ₹2,991 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹2,941 crore and Miscellaneous Capital Receipts of ₹50 crore. ₹1,18,280 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹23,097 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹6,25,978 crore (13.9% of corresponding BE 23-24), out of which ₹4,58,189 crore is on Revenue Account and ₹1,67,789 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹1,10,663 crore is on account of Interest Payments and ₹55,316 crore is on account of Major Subsidies.

(With Inputs from PIB)