Budget 2013 Impact: Behind the numbers and the stories they tell

4. Reckless Borrowing Begins to Bite What Does it Mean: Rising debt servicing costs will push India into more borrowing and debt trap if subsidies and social spending is allowed to balloon

5. Tax on Services Will Cross Excise Revenues Soon What Does it Mean: Services have over 60 per cent share in GDP as opposed to around 15 per cent for manufacturing. Rise is in keeping with this structure ADVERTISEMENT

6. RBI Asked to Help Out the Government What Does it Mean: If these revenues are much less than budgeted then government will again be forced to cut spending like this year. ADVERTISEMENT ADVERTISEMENT ADVERTISEMENT

• $1 trillion likely liabilities of the central government in the current year. Total liabilities are pegged at Rs 56.5 lakh crore

• Rs 42,149 crore set aside for acquiring higher IMF quota whenever increase comes through. There is no cash outgo on the account.

• Rs 2,021 crore budgeted from info and publicity against Rs 447 crore expected in FY13

• Rs 238 crore set aside for general election in current year