Consider the following statements-

1. As per Budget 2024-25, total expenditure is Rs 48.21 lakh crore.

2. The government aims to bring down the deficit to below 4.5 per cent next year.

Which of the above statements is/are correct?

Correct option is C

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• The Finance Minister informed that for the year 2024-25, the total receipts other than borrowings and the total expenditure are estimated at ₹32.07 lakh crore and ₹48.21 lakh crore respectively. 

• The net tax receipts are estimated at ₹25.83 lakh crore and the fiscal deficit is estimated at 4.9 percent of GDP.

• She said, the gross and net market borrowings through dated securities during 2024-25 are estimated at ₹14.01 lakh crore and ₹11.63 lakh crore respectively.

• Smt Sitharaman emphasised that the fiscal consolidation path announced by her in 2021 has served the economy very well, and the government will aim to reach a deficit below 4.5 per cent next year.

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