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Q75
(UPPCS/2023)
Economy › Government Finance & Budget
Which one of the following is not true about the total outlay in the Union Budget 2023-24?
Result
Your answer:
—
·
Correct:
D
Explanation
According to the Union Budget 2023-24 "Rupee Goes To" chart, which details the government's expenditure components, the allocations are as follows:
- Interest Payments: 20% (The largest single item of expenditure)
- States' share of taxes and duties: 18%
- Central Sector Schemes: 17%
- Finance Commission and other transfers: 9%
- Centrally Sponsored Schemes: 9%
- Defence: 8%
- Other Expenditure: 8%
- Subsidies: 7%
- Pensions: 4%
The statement in option D is incorrect because the outlay for Subsidies was 7%, not 9%. The 9% figure actually represents the allocation for Centrally Sponsored Schemes and Finance Commission transfers.
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