India Receives Rs 7.19 Lakh Cr, Spends Rs 8.81 Lakh Cr Till May

The Government of India has released its monthly accounts for April-May FY2026-27. During the first two months of the financial year, the Centre received Rs 7,18,669 crore in total receipts, which is 19.7% of the full-year Budget Estimate (BE).

The total receipts included Rs 3,48,138 crore in net tax revenue, Rs 3,50,867 crore in non-tax revenue, and Rs 19,664 crore in non-debt capital receipts. Non-tax revenue was slightly higher than net tax collections during the period.

The Centre transferred Rs 1,75,557 crore to state governments as their share of taxes, which was Rs 12,086 crore higher than the amount transferred during the same period last year.

The Government’s total expenditure during April-May stood at Rs 8,81,023 crore, equal to 16.5% of the Budget Estimate for FY2026-27.

Out of the total spending, Rs 6,30,020 crore was revenue expenditure, covering day-to-day government expenses such as salaries, pensions, subsidies and interest payments. Rs 2,51,003 crore was spent on capital expenditure, mainly for infrastructure and asset creation.

Within revenue expenditure, the Government paid Rs 1,81,461 crore in interest payments and spent Rs 75,542 crore on major subsidies. Overall, the data shows the Centre’s revenue collections, transfers to states, and spending pattern during the first two months of FY2026-27.