Which one of the following is the largest component of revenue expendi

Which one of the following is the largest component of revenue expenditure in the Union Budget 2022 – 23 ?

[amp_mcq option1=”Interest payments” option2=”Defense expenditure” option3=”Expenditure on healthcare” option4=”Subsidies” correct=”option1″]

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UPSC CAPF – 2023

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In the Union Budget 2022-23 (as in many previous budgets), ‘Interest payments’ is the single largest component of the revenue expenditure. The government has accumulated significant debt over time, and servicing this debt through interest payments constitutes a major outflow from the revenue account.

Interest payments on accumulated government debt typically form the largest share of the central government’s revenue expenditure.

While other components like defence revenue expenditure, subsidies, and expenditure on healthcare are significant, budget estimates and actual figures consistently show interest payments as the dominant item in the revenue expenditure category for the Union government. For instance, in the 2022-23 Budget Estimate, Interest Payments were budgeted at ₹9,40,651 crore out of a total revenue expenditure of ₹31,94,633 crore.

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