The Receipts and Expenditures of the Central Government encapsulate the financial structure and fiscal strategy of the Indian government, as outlined in the Union Budget. Receipts are the funds collected to finance governance and development, categorised into Revenue Receipts—comprising tax revenues (like income tax, GST, customs duties) and non-tax revenues (such as interest, dividends, and user charges)—and Capital Receipts, which include borrowings, disinvestment proceeds, and loan recoveries. Expenditures, in turn, are divided into Revenue Expenditure (covering salaries, subsidies, interest payments, and grants) and Capital Expenditure (infrastructure development, education, health, defence, and asset creation). The fiscal deficit, a critical indicator of economic health, emerges from the gap between total expenditure and total receipts (excluding borrowings).