Correct option is C
In the Union Budget 2022-23, the total estimated expenditure for the financial year was projected at ₹39.45 lakh crore. This budget was presented by Finance Minister Nirmala Sitharaman and laid out the government’s fiscal priorities for the upcoming year.
Out of this, the capital expenditure is set at ₹7.5 lakh crore, a 35.4% increase from the previous year, indicating the government's strong focus on infrastructure development, including roads, railways, and airports, as part of the Gati Shakti Plan. The rest is allocated to various sectors such as healthcare, education, defense, and rural development.
The estimated fiscal deficit for 2022-23 was 6.4% of the GDP, reflecting the government's commitment to balancing economic recovery with fiscal prudence. Despite the challenges posed by the pandemic, the budget aimed to foster growth through increased public investment while maintaining fiscal discipline.
Major allocations in the budget include ₹5.25 lakh crore for defense, ₹1 lakh crore for state-level infrastructure projects, and ₹2.33 lakh crore for agriculture and allied sectors.
