Question

The Budget for 2012 - 13 sought to restrict expenditure on subsidies to
1. 4.0 percent of GDP
2. 3.5 percent of GDP
3. 3.0 percent of GDP
4. 2.0 percent of GDP

Answer 1

Correct Answer - Option 4 : 2.0 percent of GDP

The correct answer is 2.0 percent of GDP.

• The Budget for 2012 - 13 sought to restrict expenditure on subsidies to 2.0 percent of GDP.

 

• Budget Highlights 2020-21
  • The Gross State Domestic Product of Rajasthan for 2020-21 (at current prices) is projected to be Rs 11,33,298 crore. 
  • This is an 11% increase over the revised estimate for 2019-20.   
  • Total expenditure for 2020-21 is estimated to be Rs 2,25,731 crore, a 0.4% increase over the revised estimate of 2019-20.  In 2019-20, total expenditure is estimated to decrease by 3.5% (Rs 8,115 crore) from the budget estimates. 
  • Total receipts (excluding borrowings) for 2020-21 are estimated to be Rs 1,80,483 crore, an increase of 0.2% as compared to the revised estimate of 2019-20.  In 2019-20, total receipts (excluding borrowings) are estimated to fall short of the budgeted estimate by Rs 8,162 crore (4.3% of the budgeted estimate). 
  • The revenue deficit for 2020-21 is targeted at Rs 12,346 crore or 1.1% of the Gross State Domestic Product (GSDP). 
  • The fiscal deficit is targeted at Rs 33,923 crore (3% of GSDP).  
  • In 2020-21, the sectors of Water Supply, Sanitation, Housing and Urban Development (20%), Irrigation and Flood Control (16%), and Transport (13%) saw the highest increase in allocations over the revised estimate of the previous year.