Out of every 1 rupee earned by the government, 58 paise comes from taxes including income tax, corporate tax and GST
Another 19 paise is earned through non-tax revenues like disinvestment proceeds, interest receipts and dividends from PSUs
This means total revenue from all sources is 77 paise for every 1 rupee
On the expenditure side, the biggest item is states' share of taxes and duties which is 23 paise
Interest payments take another 18 paise for every rupee spent
Defence spending accounts for 8 paise per rupee
Subsidies, pension payments and administrative costs takes 5 paise each
Together with other expenditure, total spending is 93 paise per rupee earned
This leaves a fiscal deficit of 16 paise per rupee, meaning government spends 16 paise more than what it earns