Source: Budget Documents, Ministry of Finance
Finance Minister Nirmala Sitharaman is going to announce Union Budget 2023-24 on February 1. Here are a few Budget estimates
There is growing debt caused by the mismatch in spending and revenue
Share of Direct Taxes is expected to be higher
The Union Government is pushing up the capital expenditure to boost growth
Take a look at the percentage of revenue receipts
In terms of the percentage of GDP, India's fiscal deficit stands at -6.4% in 2023
Source: Budget Documents, Ministry of Finance
Data for 2023 are Budget Estimates (BE), for 2022 Revised Estimates (RE)