The Monthly Account of the Union Government of India upto the month of January, 2023 has been consolidated and reports published. The highlights are given below:
The Government of India has received ₹19,76,483 crore (81.3% of corresponding RE 2022-23 of Total Receipts) upto January, 2023 comprising ₹16,88,710 crore Tax Revenue (Net to Centre), ₹2,30,939 crore of Non-Tax Revenue and ₹57,194 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹18,523 crore and Miscellaneous Capital Receipts of ₹38,671 crore. ₹6,67,770 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,22,378 crore higher than the previous year.
Total Expenditure incurred by Government of India is ₹31,67,648 crore (75.7% of corresponding RE 2022-23), out of which ₹25,97,756 crore is on Revenue Account and ₹5,69,892 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹7,38,658 crore is on account of Interest Payments and ₹3,99,400 crore is on account of Major Subsidies.