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Critics have asked,wrt #Budget2021, how will @narendramodi govt manage finances
Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts
GST will contribute 15paise in every rupee revenue,corporate tax will contribute 13paise to each rupee earned;8paise for every rupee,will come from union excise duty,3paise from customs duty&income tax will yield 14paise to every rupee collected
Fiscal math has been worked out💪
Fiscal math has been worked out💪
On #Expenditure side,biggest outlay is for interest payments at 20paise for every rupee,followed by States' share of taxes&duties@16paise
Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise
#Budget2021 #Modinomics
Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise
#Budget2021 #Modinomics
