Monthly Review of Accounts of Government of India upto February, 2024 for Financial Year 2023-24

By  PIB   Mar 28, 2024

The Monthly Account of the Union Government of India upto the month of February, 2024 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹22,45,922 crore (81.5% of corresponding RE 2023-24 of Total Receipts) upto February, 2024 comprising ₹18,49,452 crore Tax Revenue (Net to Centre), ₹3,60,330 crore of Non-Tax Revenue and ₹36,140 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans ₹23,480 crore and Miscellaneous Capital Receipts of ₹12,660 crore. ₹10,33,433 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹2,25,345 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹37,47,287 crore (83.4% of corresponding RE 2023-24), out of which ₹29,41,674 crore is on Revenue Account and ₹8,05,613 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹8,80,788 crore is on account of Interest Payments and ₹3,60,997 crore is on account of Major Subsidies.