**Monthly Review of Accounts of the Government of India: May 2026 (FY 2026-27)**
**Overview**
The Ministry of Finance has released the consolidated monthly accounts for the Government of India (GoI) for the period ending May 2026. The report details the fiscal performance for the first two months of the 2026-27 financial year regarding receipts and expenditures.
**Government Receipts**
As of May 2026, the Government of India received total receipts of ₹7,18,669 crore, representing 19.7% of the corresponding Budget Estimate (BE) for 2026-27. The breakdown of these receipts is as follows:
* **Tax Revenue (Net to Centre):** ₹3,48,138 crore
* **Non-Tax Revenue:** ₹3,50,867 crore
* **Non-Debt Capital Receipts:** ₹19,664 crore
Additionally, the GoI transferred ₹1,75,557 crore to State Governments as Devolution of Share of Taxes, marking an increase of ₹12,086 crore compared to the previous year.
**Government Expenditure**
Total expenditure incurred by the GoI reached ₹8,81,023 crore, which is 16.5% of the corresponding BE 2026-27. The expenditure is categorized into:
* **Revenue Account:** ₹6,30,020 crore
* **Interest Payments:** ₹1,81,461 crore
* **Major Subsidies:** ₹75,542 crore
* **Capital Account:** ₹2,51,003 crore
**Administrative Information**
* **Release Date:** June 30, 2026 (5:44 PM)
* **Origin:** PIB Delhi
* **Release ID:** 2279444
* **Visitor Counter:** 891
Key Entities Referenced
Ministry of Finance: The central government ministry responsible for the preparation and consolidation of the monthly accounts of the Government of India.
Budget Estimates (BE) 2026-27: The referenced fiscal policy document used as a benchmark to assess the collection of receipts and incurrence of expenditure.
Devolution of Share of Taxes: The policy mechanism through which a portion of tax revenue collected by the central government is transferred to state governments.
Ministry of Finance
Monthly review of accounts of Government of
India upto May 2026 (FY 2026-27)
प्रव तथ: 30 JUN 2026 5:44PM by PIB Delhi
The monthly accounts of the Government of India upto the month of May, 2026 has been consolidated and
reports published. The highlights are given below: -
The Government of India has received ₹7,18,669 crore (19.7% of corresponding BE 2026-27 of Total
Receipts) upto May, 2026 comprising ₹3,48,138 crore of Tax Revenue (Net to Centre), ₹3,50,867 crore of
Non-Tax Revenue and ₹19,664 crore of Non-Debt Capital Receipts. ₹1,75,557 crore has been transferred
to State Governments as Devolution of Share of Taxes by Government of India during this period which is
₹12,086 crore higher than the previous year.
Total Expenditure incurred by Government of India is ₹8,81,023 crore (16.5% of corresponding BE 2026-
27), out of which ₹6,30,020 crore is on Revenue Account and ₹2,51,003 crore is on Capital Account. Out
of the Total Revenue Expenditure, ₹1,81,461 crore is on account of Interest Payments and ₹75,542 crore
is on account of Major Subsidies.
****
NB/KMN/SRI
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