Consider the following statements in the context of the Union Budget, 2026-27:
1. The Gross Tax Revenue of the Central Government is estimated to be 11.2 percent of the GDP.
2. The Direct Tax Revenue of the Central Government is less than its Indirect Tax Revenue.
3. The Effective Capital Expenditure is lower than the Capital Expenditure.
4. The tariff rate on all dutiable goods imported for personal use will be reduced from 20 percent to 10 percent.
Which of the statements given above is/are correct?

Question

Consider the following statements in the context of the Union Budget, 2026-27:

1. The Gross Tax Revenue of the Central Government is estimated to be 11.2 percent of the GDP.

2. The Direct Tax Revenue of the Central Government is less than its Indirect Tax Revenue.

3. The Effective Capital Expenditure is lower than the Capital Expenditure.

4. The tariff rate on all dutiable goods imported for personal use will be reduced from 20 percent to 10 percent.

Which of the statements given above is/are correct?

Accepted Answer

Answer: 1 and 4.