Consider the following statements in regards to budget 2023-24:
1.Capital investment outlay is being increased steeply by 33% to Rs 10 lakh crore
2.The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2024-25
3.Taxes on cigarettes increased by 16 per cent
Which of the following statements is/are correct?
Capital investment outlay is being increased steeply by 33% to Rs 10 lakh crore. The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26. The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick.
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