Mumbai, June 26 -- The RBI stated in a latest update that the total expenditure of the union government registered a growth of 4.8 per cent in 2024-25 (PA) over 2023-24. As per cent of GDP, while revenue expenditure declined in 2024-25 (PA) vis-a-vis RE,

capital expenditure remained broadly unchanged. The growth in interest payments moderated, while that of subsidy outgo saw a contraction during 2024-25 (PA) in line with RE.

Furthermore, the ratio of revenue expenditure to capital outlay (RECO) declined to 4.2, lower than RE (from 4.4 in 2023-24), which bodes well for the quality of public expenditure. Central government finances for April 2025 indicated an improvement in GFD and RD - both in absolute terms and as per cent of BE - vis-a...