Key Points
The FM stuck to the theme of fiscal discipline with a lower-than-expected fiscal deficit target of 5.1 percent for the next financial year..
For this year as well, the government did better than the budgeted 5.9 percent fiscal deficit...
The scheme of 50-year interest free loans for supporting capital expenditure by states will also be continued with an unchanged outlay of Rs 1.3 lakh crore...
Correspondingly, the share of total expenditure and revenue expenditure in GDP has declined from revised estimates of the current year. t Revenue expenditure: Higher outlay on interest payments, marginally lower on subsidies ..
The expenditure on subsidies is estimated to be marginally lower than the revised estimates of the current financial year at Rs 3.81 lakh crore..
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What to expect from interim budget? Big tax breaks unlikely, welfare schemes could see boost
26, Jan, 24The interim budget, to be presented on 1 February, is likely to maintain focus on fiscal consolidation along with a thrust on capital expenditure, although at a moderated pace.