Where does the government get its money from and where does it spend it?

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Where does the government get its money from and where does it spend it?

short by Anmol Sharma / 10:24 am on Wednesday, 1 February, 2023

The government gets 34% of its money from borrowing and other liabilities, while 15% comes from Income Tax. Further, 17% of the money comes from GST and other taxes, and 7% from Union Excise Duties. The government spends 20% of its money on interest payments and 18% of its money on states' share of taxes and duties.