Short Notes on Interim Budget 2024
Budget – 47.6 lakh crore or 47.6 trillion – 14% of GDP projected in FY25 (330 lakh crore) Total expenditure in BE 2024-23 Revenue Expenditure in BE 2024-25 – 36 lakh crore Grants in Aid for creation of capital assets – 3.9 lakh crore Interest payments – 12 lakh crore 25% of total expenditure, 33% of revenue expenditure and 40% of revenue receipts Capital expenditure in BE 2024-25 – 11.11 lakh crore – 23% of total expenditure – 3.45% of GDP Capex has increased by 16.9% over RE 2023-24 and 11% over BE 2023-24 (10 lakh crore) Capex - increased from 1.5% of GDP in 2017-18 to 3.45% of GDP in 2024-25 – Capex trebled in last 4 years Effective Capital Expenditure in BE 2024-25 – 15 lakh crore Capital Expenditure + Grants in Aid to states for creation of capital assets Total receipts in BE 2024-25 Revenue Receipts in BE 2024-25 – 30 lakh crore Net Tax Revenue – 26 lakh crore Non Tax Revenue – 4 lakh crore - Include interest receipts, dividends and profits, grants Capital Receipts in in BE 2024-25 – 17.…
