India’s defence budget hits ₹6.22 lakh crore, tops all ministries

By Vivek Dubey

CNBC-TV18.com

Published July  23, 2024

₹48.21 lakh crore

India's total budget is ₹48.21 lakh crore, encompassing all planned government expenditures for the financial year.

₹32.07 lakh crore

Revenue receipts contribute ₹31.29 lakh crore, bolstered by an additional ₹78,000 crore from various sources.

₹16.13 lakh crore

The excess of expenditure over revenue results in a fiscal deficit of ₹16.13 lakh crore. 

Borrowing Needs

To cover the fiscal deficit, borrowing amounts to ₹16.13 lakh crore, illustrating the government's financing strategy.

Where money comes from: 

Where money goes in: