CURRENT AFFAIRS

Detailed explanation-1: -In Budget 2017-18, the total expenditure of the Government is estimated to come down substantially to 12.7 per cent of GDP. 57. The total revenue expenditure estimated in Budget 2017-18 stands at ‘18, 36, 934 crore which is an increase of ‘ 1, 02, 374 crore or 5.9 per cent over the revised estimates of 2016-17.

Detailed explanation-2: -Budget Estimates 2017-18 Revenue receipts comprise of Rs 12.27 lakh crore (US$ 181 billion) of tax revenues and Rs 2.88 lakh crore (US$ 42.7 billion) of non-tax revenues. Total expenditure estimated at Rs 21.47 lakh crore (US$ 317 billion), an increase of 6.57 per cent over previous year.

Detailed explanation-3: -The total expenditure in 2017-18 is targeted at Rs 1, 86, 561 crore. The revised estimate for the expenditure in 2016-17 is Rs 1, 64, 479 crore, which is 0.6% (Rs 1, 060 crore) more than the budgeted target of 2016-17.

Detailed explanation-4: -The correct answer is option 3 i.e. 1, 2, and 3. The Union Budget for 2017-18 was announced by Late Mr Arun Jaitley on February 1, 2017. Theme for Budget 2017-18 was: “Transform, Energise and Clean India” – TEC.

Detailed explanation-5: -Nirmala Sitharaman in Parliament today while presenting the Union Budget 2023-24. To ramp the virtuous cycle of Investment and job creation the budget took lead again by steeply increasing the capital expenditure outlay by 37.4 % in BE 2023-24 to whooping Rs. 10 lakh crore over Rs. 7.28 lakh crore in RE 2022-23.