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States Get More Transfers

New Delhi: The Monthly Account of the Union Government of India upto the month of September, 2022 has been consolidated and reports published. The highlights are given below:-

The Government of India has received ₹12,03,748 crore (52.7% of corresponding BE 2022-23 of Total Receipts) upto September, 2022 comprising ₹10,11,961 crore Tax Revenue (Net to Centre), ₹1,57,600 crore of Non-Tax Revenue and ₹34,187 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹9,597 crore and Miscellaneous Capital Receipts of ₹24,590 crore. ₹3,76,106 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,15,960 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹18,23,597 crore (46.2% of corresponding BE 2022-23), out of which ₹14,80,708 crore is on Revenue Account and ₹3,42,889 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹4,36,682 crore is on account of Interest Payments and ₹1,98,879 crore is on account of Major Subsidies.