Monthly Review of Accounts of Union Government of India upto Jan 2023 for FY 2022-23

Last updated: 01 March 2023

Quick Summary
The Union Government of India's accounts for the financial year 2022-23, up to January 2023, have been published. Total receipts reached ₹19,76,483 crore, representing 81.3% of the revised estimate. This includes tax revenue, non-tax revenue, and non-debt capital receipts. The government transferred ₹6,67,770 crore to states as their share of taxes, an increase from the previous year. Total expenditure amounted to ₹31,67,648 crore, or 75.7% of the revised estimate, with significant portions allocated to interest payments and major subsidies.

Monthly Review of Accounts of Union Government of India upto January 2023 for Financial Year 2022-23

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

India Govt Accounts Review: Jan 2023 FY22-23

The Government of India has received ₹19,76,483 crore (81.3% of corresponding RE 2022-23 of Total Receipts) upto January, 2023 comprising ₹16,88,710 crore Tax Revenue (Net to Centre), ₹2,30,939 crore of Non-Tax Revenue and ₹57,194 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans of ₹18,523 crore and Miscellaneous Capital Receipts of ₹38,671 crore. ₹6,67,770 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹1,22,378 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹31,67,648 crore (75.7% of corresponding RE 2022-23), out of which ₹25,97,756 crore is on Revenue Account and ₹5,69,892 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹7,38,658 crore is on account of Interest Payments and ₹3,99,400 crore is on account of Major Subsidies. 

FAQ :

This review covers the Union Government of India's accounts up to January 2023 for the financial year 2022-23.

Total receipts by January 2023 were ₹19,76,483 crore, which is 81.3% of the corresponding revised estimate for FY 2022-23.

₹6,67,770 crore was transferred to State Governments as their share of taxes, which is ₹1,22,378 crore higher than the previous year.

Total expenditure by the Government of India was ₹31,67,648 crore, representing 75.7% of the revised estimate for FY 2022-23.

Out of the total revenue expenditure, ₹7,38,658 crore was for interest payments and ₹3,99,400 crore was for major subsidies.



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. Key Allowances and Deductions Available to Taxpayers for Tax Year 2026-27
  2. CBDT Issues FAQs on Section 536 Transition Provisions Under Income Tax Act, 2025
  3. Tax Benefits for Senior Citizens in FY 2026-27: Deductions, TDS Relief and ITR Exemptions
  4. CBDT Releases Guidance Note on Crypto-Asset Reporting Obligations under Income Tax Act 2025
  5. Taxpayers Beware: PIB Exposes Fake Income Tax Notice Asking for Rs 6000 Payment
  6. NCLT Launches e-Inspection and e-Certified Copy Services to Enhance Digital Access for Stakeholders
  7. ITR-7 Online Utility Enabled on Income Tax Portal for AY 2026-27
  8. MSME Development (Amendment) Bill, 2026 Passed by Parliament
  9. Direct Tax Collections Jump 23% to Rs 8.11 Lakh Crore as on 10th Aug 2026
  10. CBDT Approves Sir Ganga Ram Trust Society for Scientific Research Tax Benefits Under IT Act, 2025

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Sanjay RatnaniSanjay RatnaniPro Member Biswajit SenguptaBiswajit SenguptaPro Member Arun MahaldarArun MahaldarPro Member NITHIN GEORGENITHIN GEORGEPro Member SG NayathodenSG Nayathoden
Subscribe to Pro
Join an elite circle of professionals


Browse by Category