Monthly Review of Accounts of Union Government of India upto August, 2023 for the Financial Year 2023-24

29 SEP 2023,PIB

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

The Government of India has received ₹10,28,931 crore (37.9% of corresponding BE 2023-24 of Total Receipts) upto August 2023 comprising ₹8,03,944 crore Tax Revenue (Net to Centre), ₹2,09,582 crore of Non-Tax Revenue and ₹15,405 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹9,804 crore and Miscellaneous Capital Receipts of ₹5,601 crore. ₹3,82,482 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹64,709 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹16,71,757 crore (37.1% of corresponding BE 2023-24), out of which ₹12,97,958 crore is on Revenue Account and ₹3,73,799 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹3,67,539 crore is on account of Interest Payments and ₹1,80,739 crore is on account of Major Subsidies.