Union Budget 2024: Where does the govt get its money, where does it go?

Quick Summary:

Union Budget 2024-25: The fiscal deficit is estimated at 4.9% of the GDP for the current financial year and the government aims to reduce it to below 4.

Union Finance Minister Nirmala Sitharaman announced her seventh consecutive Budget on Tuesday, sticking to the path of fiscal consolidation.

Corporation tax contributes 17 per cent to the total receipts, and 9 per cent comes from non-tax receipts.

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Category: BusinessFinance

Markets: India

Topics: Rupee Revenue Where does govt money come from Profit Govt expenditure Govt earning How is the rupee spent Budget 2024-25 Govt sources of income Government of India Taxes

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 14:31:55 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 21748278

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