The Global Outlook for Government Debt over the Next 25

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Data that contain information on an entity at different points in time. Buchanan, 2008. "public debt," The New Palgrave Dictionary of Economics 2nd Edition. This would be met through external resources, Rs. 258 billion; bank borrowing, Rs. 131 billion and remaining through national savings. * Overall size of the economy (GDP) has been estimated at almost Rs. 10 trillion ($166 billion); * Current expenditure for the budgeted year is Rs. 1.353 trillion which is 54% higher than the previous budget estimate of Rs. 880 billion. * Public Sector Development Programme (PSDP) is Rs.520 billion against Rs. 415 billion of the previous year, with an increase of 25%. * The share of current expenditure in total budgetary outlay is 66 % as compared with 72.4 % in revised estimates for 2006-07. * Defence expenditure is Rs. 275 billion against Rs. 250.2 billion of the previous year, showing an increase of almost 10%. * Education sector (including higher education) has been allocated Rs. 24.5 billion, which is about 22% higher than the previous year’s Rs. 20.1 billion. * Health Sector has been allocated Rs. 14.3 billion which is about 29.7% higher than the previous year’s Rs. 11 billion. * The overall revenue collection target increased by 22.37% to Rs. 1.025 trillion for the year 2007-08, as compared to Rs. 837.61 billion for 2006-07. * Direct taxes projected at Rs. 405 billion for the budgeted year as compared to revised target Rs. 320.61 billion for Rs. 2006-07, indicating an increase of 27.3% * Indirect taxes projections increased by 19.9% to Rs. 620 billion for the budgeted year as against the revised target of Rs. 517 billion for previous year. * The income tax collection has been revised upwards to Rs. 305 billion.

Pages: 82

Publisher: Peterson Institute for International Economics (June 1, 2011)

ISBN: 0881326216

Local Government Financial Statistics: England 8

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