competition success magazine published this article page no 18 the ratio of revenue receipts to revenue expenditure (rre) needs to be evaluated in consideration with centre and states financial relation and transactions. the higher the ratio the higher is the expenditure rationalisation and strong revenue base. higher capital expenditure (capex) will stimulate private sector investment. it will give a big push to the economy through its multiplier effects and thereby help in attaining the roadmap for lndia@l00. the ratio of capital expenditure to the fiscal deficit (capex-fd) broadly measures how much of borrowed resources are used for financing the capital expenditure. : budget 2023-24 is the first to be presented in indias amrit kaal. it sets the stage for sustained and sustainable economic growth of the country that ensures affordable and high-quality living standard of its citizens when country will be enjoying its centenary of independence competition success magazine subscription.
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