Syllabus: GS-III
Subject: Economy
Topic: Infrastructure
Issue: Capital Expenditure
Synopsis:
- The central government’s debt stood at 1% of GDP, at the end of March 2023.
- Debt-to-GDP ratio = (Public debt / GDP) * 100%
| Fiscal Responsibility and Budget Management (FRBM) review committee● Headed by N.K Singh
● Recommended a debt to GDP ratio target of ○ 40% to the central government ○ 20% to the states by 2022-23. |
