Question

What is the biggest items of Government expenditure in 2022-23 budget?

• A. (Defense)
• B. (Interest payment)
• C. (Pensions)
• D. (Share to state governments)

Answer 1

Answer:

B. (Interest payment)

Expenditure on interest payment in 2022-23 is estimated to be Rs 9,40,651 crore, which is 23.8% of the government's expenditure. The government has estimated to spend Rs 2,07,132 crore on pension in 2022-23, which is 4.1% higher than the revised estimate of 2021-22. The Ministry of Defence has the highest allocation in 2022-23, at Rs 5,25,166 crore. It accounts for 13.3% of the total budgeted expenditure of the central government.