state gov APPSC (ఆంధ్రప్రదేశ్) Group 2 (Pre + Mains) Mock Test 2023 Andhra Predesh GK Economy and Development
Consider the following statements about the financial year 2024-25 budget proposals for Andhra Pradesh:
1. The proposed expenditure is Rs.2,86,389.27 crore with a revenue expenditure of Rs.2,30,110.41 crore and capital expenditure of Rs.30,530.18 crore.
2. The fiscal deficit is estimated at 1.56% of the GSDP and the revenue deficit is estimated at 3.51% of the GSDP.
Which of the above statements is/are correct?
1
Only statement 1 is correct
2
Only statement 2 is correct
3
Both statements 1 and 2 are correct
4
Neither statement 1 nor statement 2 is correct