Union govt releases accounts for Financial Year 2022-2023. See highlights here

New Delhi (31/05/2023): The Accounts of the Union Government of India (Provisional/Unaudited) for the Financial Year 2022-23 has been consolidated and reports published. The highlights are given below: –

The Government of India has received ₹24,55,706 crore (101% of corresponding RE 2022-23 of Total Receipts) during 2022-23 comprising ₹20,97,368 crore Tax Revenue (Net to Centre), ₹2,86,151 crore of Non-Tax Revenue and ₹72,187 crore of Non-Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (₹26,152 crore) and Miscellaneous Capital Receipts (₹46,035 crore). ₹9,48,406 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is ₹50,015 crore higher than the previous year.

Total Expenditure incurred by Government of India is ₹41,88,837 crore (100% of corresponding RE 22-23), out of which ₹34,52,518 crore is on Revenue Account and ₹7,36,319 crore is on Capital Account. Out of the Total Revenue Expenditure, ₹9,28,424 crore is on account of Interest Payments and ₹5,30,959 crore is on account of Major Subsidies.