BANKING AFFAIRS

Detailed explanation-1: -Non-plan expenditure constitutes the dominant portion of budget expenditure. These expenses are spread across defence, interest payments for debt, subsidies (especially for food and fertilisers) and salaries and pensions of employees in various government services. Was this answer helpful?

Detailed explanation-2: -The biggest items of Non-Plan Expenditure are interest payments and debt servicing, defence expenditure and subsidies.

Detailed explanation-3: -Cost of tax collection, cost of audit, printing of notes, internal law and order, expenditure on defence etc. are treated as non-developmental expenditure.

Detailed explanation-4: -Description: Plan Expenditure is aimed at bolstering the productive capacity of the economy. It includes expenditure on electricity generation, infrastructure, education, and other productive areas of our economy. Non-Tax Revenue is the recurring income earned by the government from sources other than taxes.

Detailed explanation-5: -Expenditure on armaments, education, post and telegraph, agricultural development and railways are some important examples of non-transferable expenditures. Current expenditure is that expenditure which is met out of the current revenue and does not lead to creation of some capital assets.