Q. Which among the following definition is nearest to the Gross Budgetary Support?
Answer: Fraction of total expenditure of the government on different Central sectors/ ministries/departments and the support to State/Union Territory Plan
Notes: Gross Budgetary Support (GBS) refers to the total financial assistance provided by the central government to various sectors, ministries, and departments, including support for state and union territory plans. It encompasses the government's planned expenditure aimed at development and welfare initiatives. GBS is crucial for funding public services and infrastructure projects, reflecting the government's fiscal priorities. In India, GBS is a key component of the annual budget, influencing economic growth and regional development.