New Delhi: Reflecting the pressures of debt, Government will spend the largest share of 23 paise from every Rupee earned in 2004-05 for paying interest on its borrowings.

Incidentally, 24 paisa of every Budget Rupee that the Government will get will be through borrowings, according to the Union Budget for 2004-05, presented by Finance Minister P Chidambaram today (Jul 8, 2004).

Other non-plan expenditure eats away 11 paisa of every Rupee earned while subsidy burden is to the extent of eight paise. 14 paise out of every Rupee would go towards meeting the Defence outlay while 16 paisa has been allocated for the Central Plan.

States' share of taxes and duties is 15 paise in every Rupee and their share of plan assistance is 10 paise. Non-plan assistance to States and UT Governments takes away the remaining 3 paise in every Rupee.

On the receipt side, Income Tax gives only 9 paise in every Rupee while corporate tax contributes 16 paise. Customs duties give 10 paisa of every Rupee and excise chips-in 19 paisa. Other taxes give 3 paise in every Rupee.

Non-debt capital receipts stand at 6 paise and non-tax revenue at 13 paisa.