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,  a good 77% more than its total revenue! What are the different heads of income and expenditure for the government? An explanation.

Continue reading →