Monthly Review of Accounts of Union GoI upto the month of July 2022 for the FY 2022-23

Last updated: 02 September 2022

Quick Summary
The Union Government of India's accounts up to July 2022 for the Financial Year 2022-23 have been published. Total receipts reached ₹7,85,914 crore, with tax revenue forming the largest portion. The government's total expenditure stood at ₹11,26,745 crore, including significant spending on revenue and capital accounts, with interest payments and subsidies being major components of revenue expenditure. Notably, ₹2,01,108 crore was devolved to State Governments as a share of taxes, an increase from the previous year.

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

The Government of India has received ₹7,85,914 crore (34.4% of corresponding BE 2022-23 of Total Receipts) upto July, 2022 comprising ₹6,66,212 crore Tax Revenue (Net to Centre), ₹89,583 crore of Non-Tax Revenue and ₹30,119 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹5,559 crore and Miscellaneous Capital Receipts of ₹24,560 crore. ₹2,01,108 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹36,044 crore higher than the previous year.

India Govt Accounts Review: July 2022 FY 2022-23

Total Expenditure incurred by Government of India is ₹11,26,745 crore (28.6% of corresponding BE 2022-23), out of which ₹9,18,075 crore is on Revenue Account and ₹2,08,670 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹2,83,870 crore is on account of Interest Payments and ₹1,09,707 crore is on account of Major Subsidies.

FAQ :

This review covers the Union Government of India's accounts up to the month of July 2022 for the Financial Year 2022-23.

The total receipts were ₹7,85,914 crore, which represents 34.4% of the corresponding Budget Estimate for FY 2022-23.

The total expenditure was ₹11,26,745 crore, representing 28.6% of the corresponding Budget Estimate for FY 2022-23.

₹2,01,108 crore was transferred to State Governments as devolution of share of taxes, which is ₹36,044 crore higher than the previous year.

Out of the total revenue expenditure, ₹2,83,870 crore was for Interest Payments and ₹1,09,707 crore was for Major Subsidies.



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