The Ministry of Finance has released its monthly accounts review for the Union Government of India covering the period up to July 2026 in the financial year 2026-27. The report shows the government’s revenue collection, spending patterns and transfers to states during the first four months of the current fiscal year.
Revenue, spending and state transfers
The government collected a total of ₹13,06,709 crore in receipts up to July 2026, which represents 35.8 per cent of the budgeted target for total receipts in 2026-27. This comprised ₹8,44,560 crore from tax revenue (the portion retained by the central government after sharing with states), ₹4,23,013 crore from non-tax sources such as fees and dividends, and ₹39,136 crore from non-debt capital receipts.
During the same period, the government spent a total of ₹17,61,853 crore, which is 32.9 per cent of its budgeted expenditure for the year. Of this spending, ₹13,11,218 crore went towards revenue expenses (regular operational costs) and ₹4,50,635 crore was spent on capital account (investment in assets and infrastructure). Within revenue spending, ₹4,26,566 crore was used to pay interest on government debt, while ₹1,53,513 crore was spent on major subsidies including food, fuel and fertiliser.
The government transferred ₹3,72,354 crore to state governments as their share of tax revenue collected by the centre. However, this amount was ₹56,190 crore lower compared to the corresponding period in the previous financial year.
What this means for you
These monthly accounts provide a snapshot of how the central government is managing its finances four months into the fiscal year. The figures show the pace of tax collection, how much the government is spending on everyday operations and welfare programmes, and how much money is reaching state governments for their spending on education, health and other services.