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What is the revised estimate of the fiscal deficit as a percentage of GDP in Budget 2024?
- a)4.2%
- b)5.8%
- c)6.5%
- d)7.1%
Correct answer is option 'B'. Can you explain this answer?
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What is the revised estimate of the fiscal deficit as a percentage of ...
Revised Estimate of Fiscal Deficit in Budget 2024
- Original Estimate: The original estimate of the fiscal deficit as a percentage of GDP in Budget 2024 was 5.8%.
- Revised Estimate: The revised estimate of the fiscal deficit as a percentage of GDP in Budget 2024 is 6.5%.
- Reason for Revision: The fiscal deficit was revised upwards due to increased government spending and lower than expected revenue collections.
- Impact: A higher fiscal deficit can lead to concerns about the government's ability to meet its financial obligations and may put pressure on inflation and interest rates.
- Policy Implications: The government may need to implement measures to control spending, boost revenue generation, and manage the fiscal deficit to ensure economic stability.
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What is the revised estimate of the fiscal deficit as a percentage of GDP in Budget 2024?a)4.2%b)5.8%c)6.5%d)7.1%Correct answer is option 'B'. Can you explain this answer?
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