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UPPSC 2023 GS-I
Current Affairs
Question
Which statement is true for Finance Sector (Fiscal Management) in the Union Budget-2023?
A)
Twenty years interest free loans to states.
B)
Fiscal Deficit of 3.5% of GSDP allowed for states.
C)
Fiscal Deficit 2025-26, the target is to be below 5.5%.
D)
Budget estimates for 2023-24 total expenditure is 55 lakh Cr
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Answer & Solution
Answer:
(Detailed Solution Below)
Option B:
Fiscal Deficit of 3.5% of GSDP allowed for states.
Detailed Solution:
The correct answer is
“Fiscal Deficit of 3.5% of GSDP allowed for states.”.
Fiscal Deficit of 3.5% of GSDP allowed for states.
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