Indian Govt’s inflows & outflows   Leave a comment

The budgeted expenditure of the Central government for 2012-13 is pegged at 14,90,925 crore, which will be financed by tax receipts to the extent of just over 52%, while borrowings will account for a share of 34%. Of this spending, a lion’s share will go to meet non-plan heads – 65.1%. Also, capital outlay, that is the amount allocated to creation of productive assets, will be a meagre 13.7%.To see this in perspective, while defence will claim only 193,408 crore,interest payments outgo is much higher at 319,759 crore and subsidy is only a tad lower at 190,015 crore. The ratio of the fiscal deficit to GDP is projected at 5.1% in the next fiscal as against 5.9% in the current year


Posted March 17, 2012 by avinash2060 in Economy

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