Q: 13 (CDS-II/2024)
question_subject:
Economics
question_exam:
CDS-II
Interest payments constitute a major portion of the revenue expenditure of the Union Government of India. The budget documents and analyses indicate that interest payments are a significant component, often surpassing other categories such as salaries, road transport, and defense services. This is due to the substantial debt obligations that the government needs to service, making interest payments a critical and large part of its revenue expenditure.