2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
CII
|
|
|
FICCI
|
|
|
IFC
|
|
|
AIMA
|
Detailed explanation-1: -Confederation of Indian Industry (CII) has launched a Fiscal Performance Index (FPI) to assess state and central budgets.
Detailed explanation-2: -The Fiscal Performance Index (FPI) is a composite index that presents the relative performance of state finance. Fiscal performance consists of composite fiscal indicators of the respective states.
Detailed explanation-3: -For 2022-23, the fiscal deficit of the government is estimated to be Rs 16.61 lakh crore or 6.4 per cent of the GDP.
Detailed explanation-4: -The government has budgeted fiscal deficit to be Rs 16.61 lakh crore or 6.4 per cent of the GDP in the current year ending March 2023. The deficit is funded by market borrowings.
Detailed explanation-5: -41.9 lakh crore, of which the capital expenditure is about Rs. 7.3 lakh crore. The Revised Estimate of the fiscal deficit is 6.4 per cent of GDP in RE 2022-23, adhering to the Budget Estimate. The Finance Minister stated that the revenue deficit is expected to be at 2.9 % in FY 2023-24 over 4.1% in 2022-23.