The government also seeks to earn 7 paise on every rupee from excise duties and 4 paise from customs duties. Income tax will yield 15 paise.
The collection of “loans and other debts” will be 34 paise, according to the 2023-24 budget.
On the expenditure side, the largest expenditure is interest payments at 20 paise for every rupee, followed by state taxes and duties at 18 paise.
The defense allowance is 8 paise.
The expenditure for central sector schemes will be 17 paise for every rupee, while the allowance for central sponsored schemes is 9 paise.
Expenditure under the “Finance and Other Transfers Commission” is set at 9 paise. Grants and pension will be 9 paise and 4 paise respectively.
The government will spend 8 paise for every rupee on “other expenses”.