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TMI BlogFISCAL DEFICIT ESTIMATED AT 6.4% OF GDP IN 2022-23X X X X Extracts X X X X X X X X Extracts X X X X ..... FISCAL DEFICIT ESTIMATED AT 6.4% OF GDP IN 2022-23 - Budget Dated:- 1-2-2022 - News - FISCAL DEFICIT ESTIMATED AT 6.4% OF GDP IN 2022-23 BROAD PATH OF FISCAL CONSOLIDATION MAINTAINED TO REACH FISCAL DEFICIT LEVEL BELOW 4.5% CAPITAL EXPENDITURE STEPPED UP BY 35.4% TO ₹ 7.50 LAKH CRORE IN 2022-23 FROM ₹ 5.54 LAKH CRORE IN 2021-22 CAPITAL EXPENDITURE OUTLAY IN 2022-23 TO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BE 2.9% OF GDP TOTAL MARKET BORROWINGS OF GOVERNMENT FOR 2022-23 ESTIMATED TO STAND AT ₹ 11, 58,719 CRORE The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of GDP, which is consistent with the broad path of fiscal consolidation announced by me last year to reach a fiscal deficit level below 4.5 per cent by 2025-26 announced the Union Minister for Finance and Corporate Af ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2022-23 in the Parliament here today. Further, the Revised Fiscal Deficit in the current year is estimated at 6.9 per cent of GDP as against 6.8 per cent projected in the Budget Estimates. Fiscal Deficit The Finance Minister stated that while setting the fiscal deficit level in 2022-23, she has been conscious of the nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d to nurture growth, through public investment, to become stronger and sustainable. The Fiscal Deficit of the Government for 2022-23 is estimated to be ₹ 16, 61,196 crore. The Revised Estimates for 2021-22 indicate a Fiscal Deficit of ₹ 15, 91,089 crore as against the Budget Estimates of ₹ 15, 06,812 crore. Capital Expenditure The Finance Minister stated that the outlay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for capital expenditure in the Union Budget is once again being stepped up sharply by 35.4 per cent from ₹ 5.54 lakh crore in the current year to ₹ 7.50 lakh crore in 2022-23. This has increased to more than 2.2 times the expenditure of 2019-20. This outlay in 2022-23 will be 2.9 per cent of GDP. With Capital Expenditure taken together with provision made for creation of capital ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ets through Grants-In-Aid to States, the Effective Capital Expenditure of the Central Government is estimated at ₹ 10.68 lakh crore in 2022-23, which will be 4.1% of GDP, informed the Minister. The total expenditure in 2022-23 is estimated at ₹ 39.45 lakh crore, while the total receipts other than borrowings are estimated at ₹ 22.84 lakh crore. She further added that as agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nst a total expenditure of ₹ 34.83 lakh crore projected in the Budget Estimates 2021-22, the Revised Estimate is ₹ 37.70 lakh crore. Market Borrowings The total Market Borrowings of the government for 2022-23 are estimated to stand at ₹ 11,58,719 crore. The Revised Estimates for the same for 2021-22 are ₹ 8, 75,771 crore as against the Budget Estimates of ₹ 9, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 67,708 crore. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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