In 2019-20 Government has so far spent 77% more than its income!
The consolidated monthly Account of the Union Government of India up to the month of October 2019 for the Financial Year 2019-20 was recently released. The total spending is Rs. 16,54,905 crores,Ā a good 77% more than its total revenue! What are the different heads of income and expenditure for the government? An explanation.
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