2023 · Q66
Which one of the following is the largest component of revenue expenditure in the Union Budget 2022-23?
indian-polity-economyfiscal-external
- AInterest payments
- BDefense expenditure
- CExpenditure on healthcare
- DSubsidies
Explanation
In the Union Budget 2022-23, interest payments, at about Rs. 9.4 lakh crore, were the single largest component of revenue expenditure, accounting for roughly a quarter of total expenditure. Defence expenditure, subsidies and healthcare spending were all smaller in comparison. Hence option A.