BUDGET
To spend 20 paise of every rupee earned on interest payments
This story was originally published at 14:47 IST on 1 February 2025
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NEW DELHI - The Indian government will spend 20 paise of every rupee it earns in 2025-26 (Apr-Mar) to pay interest on its past borrowings.
According to the Budget for FY26 presented in the Lok Sabha by Finance Minister Nirmala Sitharaman on Saturday, the government will spend another 4 paise of every rupee earned on pensions and 6 paise on major subsidies.
The following table details where the rupee comes from and where it is spent.
RUPEE EARNED
Borrowing and other liabilities | 0.24 |
Income tax | 0.22 |
Goods and services tax | 0.18 |
Corporation tax | 0.17 |
Non-tax revenue | 0.09 |
Excise | 0.05 |
Customs | 0.04 |
Non-debt capital receipts | 0.01 |
TOTAL | 1.00 |
RUPEE SPENT
States' share of tax and duties | 0.22 |
Interest payments | 0.20 |
Central sector scheme | 0.16 |
Finance Commission and other transfers | 0.08 |
Other expenditure | 0.08 |
Centrally sponsored scheme | 0.08 |
Defence | 0.08 |
Subsidies | 0.06 |
Pensions | 0.04 |
TOTAL | 1.00 |
End
Reported by Shubham Rana and Siddhi Chauhan
Edited by Saji George Titus
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