2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 10.50 lakh crore
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Rs 7.24 lakh crore
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Rs 9.00 lakh crore
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Rs 8.15 lakh crore
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Detailed explanation-1: -Ms. Sitharaman had pegged gross market borrowing through dated securities for 2022-23 at ₹14, 95, 000 crore. However, the government in September 2022 decided to cut the gross borrowing to ₹14.21 lakh crore during FY23. The gross borrowing for 2021-22 was ₹12, 05, 500 crore.
Detailed explanation-2: -Detailed Solution. The correct answer is 6.8. As per Union Budget 2021-22, the Fiscal deficit is estimated at 6.8 percent of GDP in 2021- 22. The fiscal deficit is targeted at 6.8% of GDP in 2021-22, down from the revised estimate of 9.5% in 2020-21 (4.6% in 2019-20).
Detailed explanation-3: -Borrowings are expected to be Rs 15, 06, 812 crore in 2021-22 (annual increase of 27% over 2019-20). Borrowings in 2021-22 are estimated to be lower than the revised estimate for 2020-21 (of Rs 18, 48, 655 crore) by 19%.
Detailed explanation-4: -Out of the Gross Market borrowing of ₹14.31 lakh crore projected for FY 2022-23, the Government of India has decided to borrow ₹14.21 lakh crore during the FY 2022-23.
Detailed explanation-5: -The Revised Estimates for 2021-22 indicate a Fiscal Deficit of Rs. 15, 91, 089 crore as against the Budget Estimates of Rs. 15, 06, 812 crore.