The limit set for states' fiscal deficit for 2023-24 power sector reforms. This is a standard feature in Union Budgets, outlining the fiscal space for states.
Which statement is true for Finance Sector (Fiscal Management) in the Union Budget-2023?
Asked in UPPCS Prelims 2023 · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)
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Answer: C. Fiscal Deficit of 3.5% of GSDP allowed for states.
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