๐จ๐ป๐ถ๐ผ๐ป ๐๐๐ฑ๐ด๐ฒ๐: ๐ช๐ต๐ฒ๐ฟ๐ฒ ๐๐๐ฒ๐ฟ๐ ๐ฅ๐๐ฝ๐ฒ๐ฒ ๐๐ผ๐ฒ๐ & ๐๐ผ๐บ๐ฒ๐ ๐ณ๐ฟ๐ผ๐บ ๐ฐ๐๐ป๐๐ฟ๐ผ๐ฑ๐๐ฐ๐๐ถ๐ผ๐ป ๐๏ธ The Union Budget is India's financial blueprint, determining how the government earns and spends money to drive economic growth, welfare, and fiscal stability. Presented by Finance Minister Nirmala Sitharaman, the latest budget outlines the allocation of every rupee.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐๐๐ฒ๐ฟ๐ ๐ฅ๐๐ฝ๐ฒ๐ฒ ๐๐ผ๐ฒ๐ ๐ธGovernment spending reflects national priorities. Here's how each rupee is utilized: State Share of Taxes & Duties (22 paise) โ The largest share goes to states for governance and development. Interest Payments (20 paise) โ A significant portion is used to repay past borrowings. Central Sector Schemes (16 paise) โ Funds key projects in infrastructure, agriculture, and social welfare. Defence (8 paise) โ Ensuring national security remains a priority. Centrally Sponsored Schemes (8 paise) โ Jointly funded development initiatives by the Centre and states. Finance Commission & Other Transfers (8 paise) โ Funds allocated per Finance Commission recommendations. Other Expenditure (8 paise) โ Miscellaneous government expenses. Major Subsidies (6 paise) โ Includes food, fuel, and fertilizer subsidies for vulnerable populations. Pensions (4 paise) โ Supports retired government employees.
๐ช๐ต๐ฒ๐ฟ๐ฒ ๐๐๐ฒ๐ฟ๐ ๐ฅ๐๐ฝ๐ฒ๐ฒ ๐๐ผ๐บ๐ฒ๐ ๐ณ๐ฟ๐ผ๐บ ๐ฆThe government generates revenue from multiple sources: Borrowings & Other Liabilities (24 paise) โ The biggest source, indicating fiscal deficit challenges. Income Tax (22 paise) โ A major contribution from individual taxpayers. GST & Other Taxes (18 paise) โ The Goods and Services Tax remains a crucial revenue source. Corporation Tax (17 paise) โ Businesses contribute significantly. Non-Tax Receipts (9 paise) โ Includes dividends and interest income. Union Excise Duty (5 paise) โ Levies on fuel and manufactured goods. Customs (4 paise) โ Import duties add to revenue. Non-Debt Capital Receipts (1 paise) โ From disinvestments and asset sales.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐1. Debt Management is Crucial โ 24% of revenue comes from borrowings, emphasizing the need to control the fiscal deficit.2. Taxation is the Backbone โ Income tax, GST, and corporate tax account for 57% of total revenue.3. States Receive a Major Share โ A significant portion is allocated to state governments.4. Focus on Social Welfare โ Subsidies and pensions ensure financial support for vulnerable groups.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป๐Understanding the budget enables citizens to engage with economic policies and hold policymakers accountable. What are your thoughts on this yearโs allocations? Share in the comments!
Comments