18 paise out of each rupee to go for interest payment in FY'14: Budget 2013
At the same time, Other Non-Plan Expenditure is expected to account for 11 paise of every rupee spent by the government in 2013-14, while States' Share of Taxes and Duties will amount to 17 paise of every rupee earned.
Indicating that the burden of subsidies would go up next fiscal, the government has budgeted 12 per cent of the total expenditure on this account from 10 paise a year ago.
Defence would consume 10 paise for every rupee spent, slightly lower than 11 paise in the current year's budgetary provision.
Plan Assistance to States and Union Territories has been retained at seven paise.
On the income side, the government has proposed 27 paise to come from Borrowings and other Liability for every rupee in its kitty in 2013-14.
As single largest source of revenue income, collection from Corporate Tax has been retained at 21 paise, indicating the sluggish growth in the industry.
Income Tax, on the other hand, will account for 12 paise, as against 11 paise in 2012-13.
The government also expects revenue collection from Service Tax and Others category to go up to nine paise, as against seven paise in 2012-13.
Besides, it plans to mop up nine paise each
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