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Finance InFocus

Union Govt of India: Monthly Review of Accounts FY 2023-24

Union Govt of India has received ₹7,75,107 crore (28.5% of corresponding BE 2023-24 of Total Receipts) upto July 2023 comprising ₹5,82,585 crore Tax Revenue (Net to Centre)

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SMEStreet Edit Desk
01 Sep 2023 00:00 IST
Updated On 01 Sep 2023 10:21 IST

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Union Government, Union Govt Of India

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

Union Govt of India has received ₹7,75,107 crore (28.5% of corresponding BE 2023-24 of Total Receipts) upto July 2023 comprising ₹5,82,585 crore Tax Revenue (Net to Centre), ₹1,78,804 crore of Non-Tax Revenue and ₹13,718 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹8,253 crore and Miscellaneous Capital Receipts of ₹5,465 crore.

₹3,09,521 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,08,413 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹13,80,700 crore (30.7% of corresponding BE 23-24), out of which ₹10,63,621 crore is on Revenue Account and ₹3,17,079 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,99,889 crore is on account of Interest Payments and ₹1,40,996 crore is on account of Major Subsidies.

Financial Report Financial Statement Quarterly Report Annual Report Union Govt of India Tax Revenue
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