According to the Union Budget 2023-2024, in which sector does the Union Government expend the highest money? 

This question was previously asked in
DDA JE Civil 29 Mar 2023 Shift 3 Official Paper
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  1. Subsidies
  2. Defence
  3. Centrally sponsored schemes
  4. Interest payments

Answer (Detailed Solution Below)

Option 4 : Interest payments
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Detailed Solution

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The correct answer is Interest payments.

In News

  • The 2023 Union Budget of India was presented by the Minister of Finance of India on February 01, 2023.

Key Points

  • Government has pegged the total expenditure in Budget 2023-24 at Rs 45,03,097 crore
  • Interest payments will see highest share of expense i.e. 20%.
  • States’ share of taxes & duties, Central Sector Scheme will be second and third in sequence of share of expenses.

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