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How does the govt earn its every rupee and where does it spend it?
short by Pragya Swastik / on Saturday, 1 February, 2025
The government gets 24% of its every rupee from borrowing and other liabilities, while 22% comes from Income Tax. Further, 18% of the rupee comes from GST and other taxes, and 5% from Union Excise Duties. The government spends 20% of every rupee on interest payments and 22% of every rupee on states' share of taxes and duties.
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