SIGNIFICANT BOOST TO CAPITAL EXPENDITURE; TO BE INCREASED BY 11.1 PER CENT TO 11,11,111 CRORE; AMOUNTING TO 3.4 PER CENT OF THE GDP

SIGNIFICANT BOOST TO CAPITAL EXPENDITURE; TO BE INCREASED BY 11.1 PER CENT TO 11,11,111 CRORE; AMOUNTING TO 3.4 PER CENT OF THE GDP https://www.taxtmi.com/news?id=27242 Interim budget increases the Central Government's Capital Expenditure outlay for 2024-25, sustaining growth and employment multipliers and including continuation of a fifty year interest free loan scheme for states. Revised estimates for 2023-24 record higher revenue and tax receipts and a fiscal deficit of 5.8% of GDP; the 2024-25 fiscal deficit is estimated at 5.1% of GDP. The estimates project lower central government borrowings to expand private sector credit and specify gross and net market borrowings through dated securities for 2024-25. en-us Thu, 01 Feb 2024 14:43:19 +0530 Thu, 01 Feb 2024 14:43:19 +0530 TaxTMI RSS Generator SIGNIFICANT BOOST TO CAPITAL EXPENDITURE; TO BE INCREASED BY 11.1 PER CENT TO 11,11,111 CRORE; AMOUNTING TO 3.4 PER CENT OF THE GDP https://www.taxtmi.com/news?id=27242 Interim budget increases the Central Government's Capital Expenditure outlay for 2024-25, sustaining growth and employment multipliers and including continuation of a fifty year interest free loan scheme for states. Revised estimates for 2023-24 record higher revenue and tax receipts and a fiscal deficit of 5.8% of GDP; the 2024-25 fiscal deficit is estimated at 5.1% of GDP. The estimates project lower central government borrowings to expand private sector credit and specify gross and net market borrowings through dated securities for 2024-25. News - Thu, 01 Feb 2024 14:43:19 +0530 https://www.taxtmi.com/news?id=27242