2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage of the full-year budget estimate did the government’s fiscal deficit reach as of end-December?
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59.8
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55.6
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54.2
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58.4
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Explanation:
Detailed explanation-1: -The government’s fiscal deficit as of end-December touched 59.8% of the full-year Budget Estimate (BE) on subdued growth in revenue collections, according to Finance Ministry data released on Tuesday.
Detailed explanation-2: -What is the Direction on Deficit Given in the Budget? In the revenue budget, the deficit was 4.1% of GDP in 2022-23 (revised estimate). In Union Budget 2023-24, revenue deficit is 2.9% of GDP.
Detailed explanation-3: -At Rs 14.54 lakh crore, the fiscal deficit for April 2022-February 2023 accounted for 82.8 percent of the full-year target for 2022-23. Fiscal deficit in the first 11 months of the last financial year was 82.7 percent of that year’s target.
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