{"id":4448,"date":"2022-02-01T18:41:00","date_gmt":"2022-02-01T13:11:00","guid":{"rendered":"http:\/\/13.235.158.174\/hfc\/?p=4448"},"modified":"2024-05-08T18:42:36","modified_gmt":"2024-05-08T13:12:36","slug":"budget-fy23-capex-boost-to-support-economic-revival-a-gradual-fiscal-consolidation-announced","status":"publish","type":"post","link":"http:\/\/43.204.86.36\/hi\/budget-fy23-capex-boost-to-support-economic-revival-a-gradual-fiscal-consolidation-announced\/","title":{"rendered":"Budget FY23: CAPEX boost to support economic revival; a gradual fiscal consolidation announced"},"content":{"rendered":"<p>The Union Budget for FY23 carried forward the government&#8217;s stance of prioritizing an investment-driven economic growth revival while continuing on a gradual fiscal consolidation path. Accordingly, capital expenditure was budgeted to rise significantly by ~35% in FY23 over FY22 Budgeted Estimate and increased to 2.9% of GDP, its highest in more than 15 years. Meanwhile, revenue expenditure noted a modest increase given the rationalization of subsidies and other relief measures as the economy treaded towards normalcy. The fiscal deficit was pegged at 6.9% of GDP in FY22 and is projected to consolidate to 6.4% of GDP in FY23.<\/p>","protected":false},"excerpt":{"rendered":"<p>The Union Budget for FY23 carried forward the government&#8217;s stance of prioritizing an investment-driven economic growth revival while continuing on a gradual fiscal consolidation path. Accordingly, capital expenditure was budgeted to rise significantly by ~35% in FY23 over FY22 Budgeted Estimate and increased to 2.9% of GDP, its highest in more than 15 years. Meanwhile, [&hellip;]<\/p>","protected":false},"author":1,"featured_media":4424,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,6],"tags":[],"class_list":["post-4448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiscal-policy-reports","category-research-reports","fiscal-policy-reports","research-reports"],"acf":[],"_links":{"self":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/comments?post=4448"}],"version-history":[{"count":3,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4448\/revisions"}],"predecessor-version":[{"id":4452,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/posts\/4448\/revisions\/4452"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media\/4424"}],"wp:attachment":[{"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/media?parent=4448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/categories?post=4448"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/43.204.86.36\/hi\/wp-json\/wp\/v2\/tags?post=4448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}