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analysisCBGAMonday, 26 February 2024

What does the Interim Budget Say about Government Expenditure Priority?

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.

Summary

In the interim Budget, the union finance minister Nirmala Sitharaman emphasised the multiplier effect of capital expenditure on economic growth and job creation. The budget for 2024-25 allocates spending at 14.5 percent of GDP, with a significant focus on capital expenditure, which constitutes 23.32 per cent of the total budget, equivalent to 3.39 percent of … Continue reading "What does the Interim Budget Say about Government Expenditure Priority?" The post What does the Interim Budget Sa

Key Facts

TypeAnalysis
SourceCentre for Budget and Governance Accountability
PublishedMonday, 26 February 2024
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Rs 15,000 crore for Digital India initiatives

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Electronics & IT

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsInternet UsersTech CompaniesStartups

Government Context

NDA IIBJP-led NDA
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