The Budget proposal projects total expenditure of Rs 45 lakh crore against receipt of Rs 27.1 lakh crore for the year 2023-24 or FY24. This implies fiscal deficit of Rs 17.9 lakh crore or 5.9% of projected GDP. The revised estimates (RE) for the current year (2022-23, FY23) shows an increase in receipts but even greater […]
