According to the Union Budget 2023-24 documents (specifically the 'Rupee Goes To' breakdown), Interest Payments account for 20%, States' share of taxes and duties for 18%, and Defence for 8%. Subsidies (major ones like food, fertilizer, petroleum) were estimated to be around 7% of the total expenditure.
Which one of the following is not true about the total outlay in the Union Budget 2023-24?
Asked in UPPCS Prelims 2023 · Topic: Fiscal Policy & Revenue (Government Budgeting: Structure, types, and implications)
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