W AutoSave (O of ) SET 1, ETQP, EEE, Term II, 2021-23 - Protected View . Saved to this PC 9 Search (Alt+Q) arvind tiwari X File Home Insert Draw Design Layout References Mailings Review View Help Comments Share Q.2. Refer the following and answer the questions that follow. Expenditure of major items (selected) (Rs. Crore) Items 2019-20 2020-21 2020-21 2021-22 Actuals Budget Revised Budget Estimates Estimates Estimates Pension 183955 210682 204393 189328 Defense 318665 323053 343822 347088 Subsidy Fertilizer 81124 71309 133947 79530 Food 108688 115570 422618 242836 Petroleum 38529 40915 38790 12995 Agriculture and allied 112452 154775 145355 148301 activities Commerce and Industry 27299 27227 2351 34623 Education 89437 99312 85089 93224 Energy 43542 42725 33440 42824 Health 63425 67484 82445 74602 Interest 612070 708203 692900 809701 Rural Development 142384 144817 216342 194633 Social Welfare 44649 53876 39629 48460 Source: Budget at a glance, 2021-22 (GOI) (in lakh crore aute at myRest BUDGET PROFILE Better Budget Size Scheme 34.83 Rocolon or Expenditure Page 2 of 4 1675 words Focus + 100% 1 10:02 W ENG IN 27-01-2022W AutoSave (O of ) SET 1, ETQP, EEE, Term II, 2021-23 - Protected View . Saved to this PC Search (Alt+Q) arvind tiwari X File Home Insert Draw Design Layout References Mailings Review View Help Comments Share Source: Budget at a glance, 2021-22 (GOI) Centre's fiscal deficit touches 46.2% of annual target till Nov-end (Source: Business Standard, December 31, 2021) The central government's fiscal deficit at the end of November worked out to be 46.2 per cent of the annual budget target for the financial year 2021-22 due to an improvement in the revenue collection. The deficit figures in the current financial year till November appear much better than the previous financial year when it had soared to 135.1 per cent of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic. For the current financial year, the government expects the deficit at 6.8 per cent of GDP or Rs 15.06 trillion. According to the data, the total receipts of the government at the end of November stood at Rs 13.78 trillion or 69.8 per cent of the budget estimates (BE). The collection was just 37 per cent of the BE of 2020-21 in the corresponding period last fiscal. The tax (net) revenue so far stood at 73.5 per cent of the BE of 2021-22. It was only 42.1 per cent of BE 2020-21 in the corresponding period of last fiscal. The CGA data further said the central government's total expenditure at the end of November stood at Rs 20.74 trillion or 59.6 per cent of this year's BE. The fiscal deficit for 2020-21 stood at 9.3 per cent of the gross domestic product (GDP), better than 9.5 per cent projected in the revised estimates in the Budget in February. (a) Explain the main items of Revenue Expenditure of GOI. (5Marks) (b) Using the information from the above table, figure and news article, elaborate the impact of COVID 19 pandemic on Government revenues (in Revenue and capital account separately) (5Marks) . Government expenditure (in Revenue and capital account separately) (5Marks) Fiscal deficit (5Marks) Page 3 of 4 1675 words " Focus + 100% 1 ENG 10:03 IN 27-01-2022 1