Monthly accounts of Government of India upto May 2026 (FY 2026-27)
Government of India’s monthly accounts up to May 2026 show early-year trends in receipts, tax devolution, expenditure, and subsidy outgo under the FY 2026-27 Budget.
- Monthly accounts track the Union Government’s receipts and expenditure against Budget Estimates during the financial year.
- Tax devolution is a fiscal transfer from the Union Government to State Governments and is relevant to Centre-State financial relations.
What happened
The Ministry of Finance has published the consolidated monthly accounts of the Government of India up to May 2026 for FY 2026-27. The statement gives an early snapshot of the Union Government’s receipts, transfers to States, and expenditure pattern against the Budget Estimates.
According to the monthly accounts, the Union Government has received ₹7,18,669 crore up to May 2026. The release also shows that ₹1,75,557 crore has been transferred to State Governments as devolution of share of taxes, which is higher than the same period in the previous year.
UPSC can ask about Union Government accounts, the difference between revenue and capital expenditure, the role of tax devolution in fiscal federalism, and the implications of high interest and subsidy payments for fiscal consolidation.
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