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What are the sources of funds in the Interim Budget 2024 and how are they allocated

Analyzing the financial aspects of the Interim Budget, understand the origin of funds and their distribution.
economy
budget
government
The Interim Budget 2024 consists of several sources of funds, which are allocated for the various sectors and departments. Here's a point-wise analysis of the financial aspects:
  • Tax Revenues: A significant portion of funds in the Interim Budget is derived from tax revenues. This includes personal income tax, corporate tax, goods and services tax (GST), and other indirect taxes.
  • Non-Tax Revenues: The government also receives funds from non-tax sources such as dividends from public sector enterprises, interest receipts, and disinvestment proceeds.
  • Borrowings: To meet the fiscal deficit, the government may resort to borrowing from external and domestic sources. These funds play a crucial role in financing various development programs.
  • Allocations: The allocated funds are then distributed across different sectors such as agriculture, infrastructure development, healthcare, education, defense, social welfare, and other priority areas identified by the government.
  • Investment: Additionally, a portion of the funds may be allocated for investment purposes, aiming to stimulate economic growth and development.
It is important to note that the specific details of the Interim Budget's funding sources and allocation will vary each year, depending on the government's priorities and the prevailing economic conditions.
Answered a year ago
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