2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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76%
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75%
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74%
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72%
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Detailed explanation-1: -India’s April-Dec fiscal deficit touches 60% of full-year target | Reuters.
Detailed explanation-2: -The combined Gross Fiscal Deficit (GFD) of the States, which increased to 4.1% of GDP in FY21, was brought down to 2.8% in FY22 PA. Given the geopolitical uncertainties, the consolidated GFD-GDP ratio for States has been budgeted at 3.4% in FY23.
Detailed explanation-3: -The fiscal deficit or the gap between expenditure and revenue for 2022-23 is estimated to be Rs 16, 61, 196 crore. The country’s fiscal deficit was projected higher at 6.9 per cent for 2021-22 as against 6.8 per cent estimated earlier.
Detailed explanation-4: -The government has been able to stick to a fiscal deficit target of 6.4 per cent of the GDP in its revised estimates for 2022-23.
Detailed explanation-5: -States will be allowed a fiscal deficit of 3.5% of GSDP of which 0.5% will be for power sector reforms, she said. For the next fiscal year, the total receipts other than borrowings and the total expenditure are estimated at Rs 27.2 lakh crore and Rs 45 lakh crore, respectively.