UPPSC PCS 2023 · Question 28 of 150

Which statement is true for Finance Sector (Fiscal Management) in the Union Budget-2023?

Economy

ATwenty years interest free loans to states.
BBudget estimates 2023-24 for total expenditure is ` 55 lakh Cr.
CFiscal Deficit 2025-26, the target is to be below 5.5%
DFiscal Deficit of 3.5% of GSDP allowed for states.Correct

Answer: D. Fiscal Deficit of 3.5% of GSDP allowed for states.

Explanation

Status of Fiscal Management l The Indian Finance Minister stated that all states must utilise their fifty-year loan for capital expenses by the end of 2023-24. l States are allowed to have a deficit of 3.5% of their Gross State Domestic Product (GSDP), with 0.5% of this amount specifically designated for power sector reforms.

Source: edurev.in solved-paper compilation (OSWAAL 15-Years UPPSC Prelims Solved Paper)

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