Union Budget 2023-24

Actual Actual figures, published in Budget 2025-26.

Total spending
₹44.43 lakh crore
+6.0% on 2022-23 (actual)
Raised without borrowing
₹27.89 lakh crore
Taxes, other revenue, asset sales
Borrowing (fiscal deficit)
₹16.55 lakh crore
5.6% of GDP
Interest payments
₹10.64 lakh crore
39 paise of every rupee of revenue
Capital spending
₹9.49 lakh crore
21% of all spending

Where each rupee comes from

Out of every ₹1 the Centre raises, before handing states their share of taxes.

  1. Borrowing (fiscal deficit)30 paise₹16.55 lakh crore
  2. Income tax19 paise₹10.45 lakh crore
  3. GST17 paise₹9.57 lakh crore
  4. Corporation tax16 paise₹9.11 lakh crore
  5. Non-tax revenue (dividends, interest, fees)7 paise₹4.02 lakh crore
  6. Excise duties5 paise₹3.05 lakh crore
  7. Customs4 paise₹2.33 lakh crore
  8. Loan recoveries and disinvestment1 paisa₹59,768 crore
  9. Other taxesunder 1 paisa₹13,593 crore
  10. Service taxunder 1 paisa₹425 crore

Source: Budget at a Glance; Receipts, Budget 2025-26 (Actuals for 2023-24). Official PDF · How it's checked

Where each rupee goes

States' share of taxes, interest, and spending by ministry.

  1. States' share of central taxes20 paise₹11.29 lakh crore
  2. Interest on government debt19 paise₹10.64 lakh crore
  3. Ministry of Defence11 paise₹6.10 lakh crore
  4. Ministry of Railways4 paise₹2.46 lakh crore
  5. Ministry of Home Affairs4 paise₹1.97 lakh crore
  6. Ministry of Chemicals and Fertilizers3 paise₹1.91 lakh crore
  7. Ministry of Rural Development3 paise₹1.64 lakh crore
  8. Ministry of Education2 paise₹1.23 lakh crore
  9. All other ministries (47)14 paise₹7.57 lakh crore

Source: Receipts; Statement of ministries' expenditure, Budget 2025-26 (Actuals for 2023-24). Official PDF · How it's checked

Announced vs what happened

How far the actual for 2023-24 landed from the Budget Estimate announced in Budget 2023-24. Blue means more than budgeted, red means less.

Largest schemes

Centrally Sponsored and Central Sector schemes, actuals for 2023-24.

  1. Ministry of Road Transport and Highways

  2. Department of Food and Public Distribution

  3. Urea Subsidy₹1.23 lakh crore

    Department of Fertilisers

  4. Road Works₹1.09 lakh crore

    Ministry of Road Transport and Highways

  5. Department of Rural Development

  6. Department of Food and Public Distribution

  7. Ministry of Drinking Water and Sanitation

  8. Nutrient Based Subsidy₹65,200 crore

    Department of Fertilisers

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