interest payments - Newz Baba

Wealthy nations are paying extra curiosity on money owed than spending on their militaries – Firstpost

Newz BabaMarch 20, 2025March 20, 202505 mins

Debt service prices as a proportion of GDP for the 38 OECD nations rose to three.3% in 2024, up from 2.4% in 2021, in keeping with a report learn extra Curiosity funds have develop into the biggest drain on the financial output of rich nations since no less than 2007, surpassing their expenditures on defence…

The place India earns its rupee from and what it spends on – Firstpost

Newz BabaFebruary 9, 2025February 9, 202506 mins

Taxes and borrowings make up nearly all of the income whereas a good portion of the expenditure is allotted to necessary obligations equivalent to curiosity funds and state transfers. The Funds additionally affords insights into how the federal government generates income and allocates its funds. Let’s perceive how this course of works and its affect…