GK and monthly revision

Budget earmarks total expenditure of Rs 53.47 lakh crore for 2026-27: FM Nirmala Sitharaman

The Union Budget for 2023-24 presented by Finance Minister Nirmala Sitharaman earmarks a total expenditure of Rs 53.47 lakh crore, with a record Rs 12.2 lakh crore allocated for capital expenditure. The fiscal deficit is projected at 4.3% of GDP for FY27, and the states' share is estimated at Rs 25.44 lakh crore. This budget announcement is highly relevant for competitive exams as it provides key economic indicators and policy decisions that are frequently tested.