- The fiscal deficit is at 6.4% of Gross Domestic Product.
- In FY23, an extra of Rs. 29656 crores for fertilizer subsidy is a key component. The fertilizer subsidy spending will be at Rs.2.55 trillion against the budget of RS.1.05 trillion.
- An increased of Rs.6000 crores is seeked from Consolidatory Fund of India for fertilizer subsidy. The Centre will save a sum on Centrally sponsored scheme (CSS).
- For regular pension, an additional of Rs.33,718 crores is sought from the government.
- Till March 5th, the Centre has released about Rs.3.1 trillion to states or about 70% of the CSS.
Question:
Q 1 The fiscal deficit is at ______of Gross Domestic Product.a. 6.8%
b.7.1%
c. 6.4%
d. 3.4%
