Ganesan M
11 years 11 months ago
A casual reading of the Annual Report 2013-14 of the GoI shows that for 2015-16,out of a total Projected Revenue Expenditure of Rs 16,85,966 crore, the interest payable is Rs 4,57,648 crore. Thus 27% of expenditure is for Interest payment alone. The debt must therefore be around Rs 100,00,000 crore. The top most priority should therefore be to reduce the debts substantially by unearthing the Black money within and outside India and use it only to pay off all the debts of the Government.
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