The Budget proposal projects total expenditure of Rs 39.5 lakh crore against receipt of Rs 22.9 lakh crore for the year 2022-23 or FY23. This implies fiscal deficit of Rs 16.6 lakh crore or 6.4% of projected GDP. The revised estimates (RE) for the current year (2021-22, FY22) provides quite a relief as there wasn’t sharp […]
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