Question
According to the Union Budget 2023-24, consider the
following statements. 1. The Revised Estimate of the fiscal deficit is 6.4 percent of GDP, adhering to the Budget Estimate. 2. The Revised Estimate of the total receipts other than borrowings is 24.3 lakh crore. 3. The Revised Estimate of the total expenditure is 30.9 lakh crore. Which of the above statements is/are correct?Solution
The Revised Estimate of the total receipts other than borrowings is 24.3 lakh crore, of which the net tax receipts are 20.9 lakh crore. The Revised Estimate of the total expenditure is 41.9 lakh crore, of which the capital expenditure is about 7.3 lakh crore.
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