Discussion
Consider the following statements regarding the Union Budget Estimates for 2025-26 :
1. The fiscal deficit is estimated to be 4.9% of the GDP.
2. The total expenditure is estimated at ₹ 50.65 lakh crore.
3. An allocation of about ₹ 2 lakh crore has been made for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).
Which of the statements given above are correct ?
Answer: C
Statements 2 and 3 are correct, so the answer is 2 and 3 only.
The Union Budget 2025-26 put total expenditure at about ₹ 50.65 lakh crore, and allocated a little over ₹ 2 lakh crore to food subsidy under the Pradhan Mantri Garib Kalyan Anna Yojana.
Statement 1 is wrong: the fiscal deficit for 2025-26 was estimated at 4.4% of GDP. The figure of 4.9% was the budget estimate for the previous year, 2024-25, which is the likely source of the confusion.
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