CURRENT AFFAIRS

Detailed explanation-1: -Expenditure: The government proposes to spend Rs 39, 44, 909 crore in 2022-23, which is an increase of 4.6% over the revised estimate of 2021-22. In 2021-22, total expenditure is estimated to be 8.2% higher than budget estimate.

Detailed explanation-2: -Revised Estimates 2022-23: The total receipts other than borrowings is Rs 24.3 lakh crore, of which the net tax receipts are Rs 20.9 lakh crore. The total expenditure is Rs 41.9 lakh crore, of which the capital expenditure is about Rs 7.3 lakh crore.

Detailed explanation-3: -Why is capital expenditure important? Capital expenditure, which leads to the creation of assets are long-term in nature and allow the economy to generate revenue for many years by adding or improving production facilities and boosting operational efficiency.

Detailed explanation-4: -In the long-term, the India Government Spending is projected to trend around 3608.00 INR Billion in 2024 and 3749.00 INR Billion in 2025, according to our econometric models. Government Spending refers to public expenditure on goods and services and is a major component of the GDP.