Revenue and Expenditure:
Growth estimates:
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India’s economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies.
Capital expenditure:
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The outlay for capital expenditure has been stepped up sharply by 35.4 per cent from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23. This investment taken together with the provision made for the creation of capital assets through Grants-in-Aid to States, the ‘Effective Capital Expenditure’ of the Central Government is estimated at Rs 10.68 lakh crore in 2022-23, which will be about 4.1 per cent of GDP.
Deficit:
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The revised Fiscal Deficit in the current year is estimated at 6.9 per cent of GDP.
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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 to reach a fiscal deficit level below 4.5 per cent by 2025-26.
