Govt capex engines to keep steady pace

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.

 

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